QUESTION 34 Xavier Company paid cash to purchase two identical inventory items. The first purchase cost $25.00 cash and the second cost $26.00 cash. Xavier sold one inventory item for $35 cash. Based on this information alone: a. the amount of cash flow from operating activities is not affected by the cost flow method. b.cash flow from operating activities is $25.50 assuming a weighted average cost flow. O c. cash flow from operating activities is $26.00 assuming a LIFO cost flow. d.cash flow from operating activities is $25.00 assuming a FIFO cost flow. QUESTION 35 The following was drawn from the accounts of Autumn Corporation which uses the periodic inventory system. Purchases $900 $200 $60 Purchases Returns & Allowances Transportation-In Transportation-Out Beginning Inventory Ending Inventory $30 $250 $150 Which of the above amounts would not be incorporated on the Schedule of Cost of Goods Sold? a. Ending Inventory of $150 b. Beginning Inventory of $250 O C. Transportation-In of $60 O d. Transportation-Out of $30 Act