Question 27 1 pts Joel McHale Company acquires land for $260,000 cash. Additional costs are as follows: Demolition of Building $2,000 1,280 Salvage value of steel from demolition Filling and grading Paving of parking lot Broker commission 6,000 40,000 4,520 Closing costs 3,400 McHale will record the acquisition cost of the land as $275.920 $260,000 $274,640 $277200 Question 6 1 pts Miesha Tate Company just began business and made the following four inventory purchases in June: June 1 150 units @ $5.20 per unit June 10 200 units @ $5.85 per unit June 15 200 units @ $6.30 per unit June 28 150 units @ $6.60 per unit A physical count of merchandise inventory on June 30 reveals that there are 210 units in ending inventory, which means 490 units were sold. Using the LIFO inventory method, the amount allocated to ending inventory for June is: $1.131 $1,368 $2,832 $3,069 Question 5 1 pts Holly Holm Company just began business and made the following four inventory purchases in June. June 1 150 units @ $5.20 per unit June 10 200 units @ $5.85 per unit June 15 200 units @ $6.30 per unit June 28 150 units @ $6.60 per unit A physical count of merchandise inventory on June 30 reveals that there are 210 units in ending inventory, which means 490 units were sold. Using the FIFO inventory method, the value of cost of goods sold on June 30 is: $1.368 $1,092 $3,069 O $2.832