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A company has inventory of 12 units at a cost of $28 each on June 1, On June 3. it purchased 38 units at $30 each 17 units are sold on June 5. Using the FIFO inventory method, what is the cost of the 17 units that were sold? O $486. O $504 O $514 $490 O $476A company had inventory on November 1 of 5 units at a cost of $15 each. On November 2. they purchased 14 units at $17 each. On November 6 they purchased 10 units at $20 each. On November 8, 12 units were sold for $50 each. Using the LIFO perpetual inventory method, what was the value of the inventory on November 8 after the sale? O $279 O $282 O $270 $319 O $294On March 31, Phoenix, Inc. paid Melanie Publishing Company $17.640 for a 3 year subscription for five different magazines. The subscriptions started Immediately. What is the adjusting entry that should be recorded by Melanie Publishing Company on December 31 of the first year if the credit to record the collection was made to Revenue account? O Debit Revenue Received in Advance, $17,640; credit Subscription Revenue, $17,640. O Debit Subscription Revenue, $13.230; credit Revenue Received in Advance, $13.230. O Debit Subscription Revenue, $4,410; credit Revenue Received in Advance, $4,410. O Debit Revenue Received in Advance, $5,880; credit Subscription Revenue, $5,880 O Debit Revenue Received in Advance, $1,470; credit Subscription Revenue, $1,470