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Roadside, Inc. had the following balances and transactions during 2024: Beginning Merchandise Inventory March 10 June 10 October 30 10 units at $73 Sold 7
Roadside, Inc. had the following balances and transactions during 2024: Beginning Merchandise Inventory March 10 June 10 October 30 10 units at $73 Sold 7 units Purchased 30 units at $83 Sold 25 units What is the amount of the company's ending Merchandise Inventory, as disclosed in the December 31, 2024 balance sheet, using the periodic LIFO inventory costing method? O A. $664 O B. $415 O C. $584 OD. $365 The Allowance for Bad Debts account has a credit balance of $2,000 before the adjusting entry for bad debts expense. The company's management estimates that 4% of net credit sales will be uncollectible for the year 2025 Net credit sales for the year amounted to $250 000. What is the amount of Bad Debts Expense reported on the income statement for 2025? O A. $10,000 O B. $8,000 O C. $12.000 O D. $5,000
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