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QUESTION 4 Apple-A-Day Company has the following inventory data: July 1 Beginning inventory 40 units at $20 $ 800 7 Purchases 140 units at $21
QUESTION 4 Apple-A-Day Company has the following inventory data: July 1 Beginning inventory 40 units at $20 $ 800 7 Purchases 140 units at $21 2,940 22 Purchases 20 units at $22 440 $4,180 During July, the company sold 150 units. Using the LIFO inventory method, the amount recorded as cost of goods sold for July is O $3,080. O $3,170. O $3,110. O $3,010. QUESTION 5 On September 1, 2020, Balboa Company invests $30,000 in a 2-month CD that pays an annual interest rate of 1.5 percent. How much cash will Balboa receive when the CD matures? QUESTION 6 Peach Pink Inc. has the following inventory data: July 1 Beginning inventory 40 units at $20 S 800 7 Purchases 140 units at $21 2,940 22 Purchases 20 units at $22 440 $4,180 During July, the company sold 150 units. Using the FIFO inventory method, the amount recorded as cost of goods sold for July is O $3,080. $3,170. O $3,110. O $3,010
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