questions 11, 12 and 15

Use the information below to answer the following questions The Beumer Company sells bedrolls for $60 each. The following was taken from the inventory records during May. The company had inventory on May 1. been Date May 3 10 17 20 23 30 Bedrolls Purchase Sale Purchase Sale Sales Purchase Units 10 5 5 15 Assuming that the company uses the perpetual inventory system, determine the cost of goods sold for all sales for the month of May wing the LIFO inventory cost method. a. $300 b. $280 oc $315 d. $290 Click Save and Submit to save and submit. Click Save All Answers to save all answers. QUESTION 12 The following data were gathered to use in reconciling the bank account of Green Valley Company $11,237 11.135 35 Balance per bank Balance per company records Bank service charges Deposit in transit NSF check Outstanding checks 4340 What is the adjusted balance on the bank reconciliation? a. $10,150 b. $18,065 c. $15,200 d. $11,250 ou all anners. QUESTION 15 How will the following adjusting journal entry affect the accounting equation? 11,500 11,500 Uncamned Subscriptions Subscriptions Earned a. increase assets, increase revenues b. decrease liabilities, decrease revenues og decrease liabilities, increase revenues d. increase liabilities, increase revenues