Swifty Company uses a periodic inventory system. Details for the inventory account for the month of January, 2018 are as follows: Per unit Units Total price Balance, 1/1/18 220 $6.00 $1320 Purchase 170 6.40 1088 1/15/18 Purchase. 1/28/18 170 6.60 1122 An end of the month (1/31/18) inventory showed that 200 units were on hand. If the company uses LIFO, what is the value of the ending inventory? $1314 $1200 $1278 O $1280 eTextbook and Media Save for Later Attempts: 0 of 1 used Submit Answer An aging of a company's accounts receivable indicates that $5120 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $920 credit balance, the adjustment to record bad debts for the period will require a O debit to Bad Debt Expense for $4200. O debit to Allowance for Doubtful Accounts for $4200. O debit to Bad Debt Expense for $5120. O credit to Allowance for Doubtful Accounts for $5120. eTextbook and Media Save for Later Attempts: 0 of 1 used Submit Answer A company purchased factory equipment on April 1, 2018 for $159000. It is estimated that the equipment will have a $19000 salvage value at the end of its 10-year useful life. Using the straight-line method of depreciation, the amount to be recorded as depreciation expense at December 31, 2018 is O $11925. O $10500. O $14000. O $15900. eTextbook and Media Save for Later Attempts: 0 of 1 used Submit