Sheridan has the following inventory information. July 1 Beginning Inventory $400 7 Purchases 20 units at $20 50 units at $23 20 units at $24 1150 22 Purchases 480 $2030 A physical count of merchandise inventory on July 31 reveals that there are 35 units on hand. Using the FIFO inventory method, the amount allocated to cost of goods sold for July is O $1212 O $1205. O $1255 O $1231 Oriole Company uses a periodic inventory system. Details for the inventory account for the month of January, 2018 are as follows: Units Total Per unit Rrice $5.00 160 $800 Balance, 1/1/18 Purchase 1/15/18 Purchase 1/28/18 110 5.10 561 110 5.40 594 An end of the month (1/31/18) inventory showed that 170 units were on hand. If the company uses FIFO. what is the value of the ending inventory? O $900 O $864 O $867 O $850 In 2018, Warehouse 13 had net credit sales of $752000. On January 1, 2018, Allowance for Doubtful Accounts had a credit balance of $16010. During 2018, 528940 of uncollectible accounts receivable were written off. Past experience indicates that the allowance should be 10% of the balance in receivables (percentage of receivable basis). If the accounts receivable balance at December 31 was $152000, what is the required adjustment to the Allowance for Doubtful Accounts at December 31, 2018? O $152000 O $28940 o $31210 O $28130 Marigold Company provides for bad debt expense at the rate of 3% of accounts receivable. The following data are available for 2018: $ 12600 Allowance for doubtful accounts, 1/1/18 (Cr.) Accounts written off as uncollectible during 2018 Ending accounts receivable 8900 1202000 The Allowance for Doubtful Accounts balance at December 31, 2018, should be $32360. O $39760 O $3700 O $36060