Steelers Inc is a reseller of goods. The following represents its inventory transactions during the month of October October 1 Inventory Balance of 200 Units with a cost of $20/Unit October 7 Purchased 200 Units with a cost of $22/Unit October 9 Sold 300 units at a Price of 540/unit October 17 Purchased 100 Units with a cost of $23/Unit October 23 Sold 150 Unit at a Price of $40/unit October 27 Purchased 100 Units with a cost of $25/Unit If a new method to value inventory was created and the resulting COGS from the above events was $9,500, what must the value of Ending Inventory be? O $13,200 Cannot be determined from the information given. $18,000 O $3,700 During October, Pirates LLP has credit sales of $200,000. As a result of cash collection efforts, the October 31 Aging Schedule for Pirates LLP is as follows: Current $100,000 (1% is estimated to be uncollectible) 1-30 Days Past Due $50,000 (5% is estimated to be uncollectible) 31-60 Days Past Due $20,000 (10% is estimated to be uncollectible) 61.90 Days Past Due $10,000 (20% is estimated to be uncollectible) Greater than 90 Days Past Due $20,000 (50% is estimated to be uncollectible) Balance in Allowance for Doubtful Accounts on October 1: $2,000 credit If Pirates LLC uses the % of Sales method for estimated bad debts, what is the bad debt expense for the month if the estimated % of sales that are uncollectible is 7%? $14,000 0 $8,000 O $10,000 O $12,000 During October, Pirates LLP has credit sales of $200,000. As a result of cash collection efforts, the October 31 Aging Schedule for Pirates LLP is as follows: Current $100,000 (1% is estimated to be uncollectible) 1-30 Days Past Due $50,000 (4% is estimated to be uncollectible) 31-60 Days Past Due $20,000 (5% is estimated to be uncollectible) 61-90 Days Past Due $10,000 (10% is estimated to be uncollectible) Greater than 90 Days Past Due $20,000 (50% is estimated to be uncollectible) Balance in Allowance for Doubtful Accounts on October 1: $2,000 credit If Pirates LLC uses the % of A/R method for estimated bad debts, what is the increase to bad debt expense on October 31? O $15,000 O $14,000 $12,000 $13,000 During October, Pirates LLP has credit sales of $200,000. The October 31 Aging Schedule for Pirates LLP is as follows: Current $100,000 (1% is estimated to be uncollectible) 1-30 Days Past Due 550,000 (5% is estimated to be uncollectible) 31-60 Days Past Due $20,000 (10% is estimated to be uncollectible) 61-90 Days Past Due $10,000 (20% is estimated to be uncollectible) Greater than 90 Days Past Due $20,000 (50% is estimated to be uncollectible) Balance in Allowance for Doubtful Accounts on October 1: $5,000 credit If the company uses the % of A/R method of to calculate uncollectible accounts and had no write offs totaling 510,000, what is the cash flow impact from the these events for October?? $17.500 decrease $10,000 decrease $27.500 decrease O None of the Answers is Correct