Question 3 and 4

Question completion Statue QUESTION 3 The following totals for the month of January were taken from the payroll repister of May Company Salaries expense Social security and Medicare taxes withheld Income taxes withheld Retirement savings Salaries subject to federal and state unemployment taxes of 6.2 percent $16,000 2,125 3,000 500 8,000 The entry to record the accrual of employer's payroll taxes would include a debit to a. Payroll Tax Expense for $2,621 b. Payroll Tax Expense for $2,369 c Payroll Tax Expense for $1,869 d. Social Security and Medicare Tax Payable for $2,125 QUESTION 4 Use the information below to answer the following questions. Use the information below to answer the following questions The Beamer Company sells bedrolls for 500 each. The following was taken from the inventory records during May. The company has being inventory on May 1 Cast Date May 3 10 Units 10 $20 Bedrolls Purchase Sale Purchase Sale 17 $24 20 Sale 30 Purchase $30 Assuming that the company uses the perpetual inventory system, determine the May 31 inventory balance using the FIFO inventory cost method. a. $424 b. $474 c $420 d. $464 Clint Come and Submit to save and submit. Click Save All Answers to save all answers