Remaining Time 2 hours, 27 minutes, 43 seconds. Question Completion Status Lower of cost or market As most conservative applied to the total inventory B. is most conservative if applied to major categories of inventory Cik most conservative if applied to individual items of inventory D. must be applied to major categories fortes QUESTION 28 Green Technology ses natural supplements to customers with an unconditional sales return if they are not satisfied. The sales returns period extends 60 days. On to record the actual return of 250 of merchandise includes a February 10, 2021 a customer purchases $4.000 of products cost $2.000). Asuming that based on prior experience, estimated returns are 20%. The journal entry A detto Cash and a credit to Sales Revenue of 4.000 debit to Allowance for Sales Returns of $800 and a credit to Cost of Goods sold of $400 C.debt to Cost of Goods Sold and credit to inventory for $2,000 D.credit to Estimated Inventory Returns of 5400 QUESTION 29 Under the completed contact method A revenue, cost and gross profit are recopied during the production de Brevenue and contare recognised during the production de, but gross profit recognition is deferred the contract is completed Crevenue, cost and gross profitare recedat the time the contract is completed D.None of these answers are correct Cidade Alto Save Allwers 2 5 6 8 Remaining Time 2 hours, 27 minutes, 31 seconds Our Completion Status Green Company has cash in barka.corected cash na sparate account of 4.000, and a bankoverdraft in an account at another bank of 52.000. Green should report of A3.000 CS000 DO QUESTION 1 When using a perpetual invertory A no Parchases cuisse B. a cost of Goods Sold account is used two entries are required to record as D. All of these awer choices are correct QUESTION 32 Which of the big scredited in the method of writing down for mere end A. Alowance Reducerventory to NRV B. Los Due to Decirea neorto NRV Costa Goods Sold Remaining Time 2 hours, 27 minutes, 23 seconds Question Completion Status repurchase agreement 3. consignment Ca principient relationship Daband hold arrangement QUESTION 34 Bank overdrats, i material, should be A reported as a deduction from the current asset section 3. reported as a deduction from cash Cetted against cash and a net cash amount reported Dreported as a currently QUESTION 35 Blue Bakeries the method for internal reporting purposes and UFO for external reporting purposes. The balance in the LIFO Reserve account at the end of 2000 was 1280,000. The balance in the same account at the end of 2021 is 420,000. Blue Baker's cost of Goods Sold account has a balance of $2,100,000 from sales transactions recorded during the year. What amount should Blue Baker report as cost of Goods sold in the 2021 income statement? A 51.160.000 152.100.000 C. 52.240,000 D.12.520.000 Click Save and best to save and bent. Click Save All Allan Sve Alwers 6 E s G B N