The Boxwood Company sells blankets for $32.00 each. The following was taken from the inventory records during May. The company had no beginning inventory on May 1 Date Blankets Units Cost May 03 Purchase 10 $16.00 May 10 Sale 3 May 17 Purchase 16 $18.00 May 20 Sale May 23 Sale 2 May 30 Purchase 8 $19.00 Assuming that the company uses the perpetual inventory system, determine the ending inventory for the month of May using the LIFO inventory cost method Sale Select the correct answer. O$192.00 O $494.00 O $600.00 O $408.00 Beginning inventory, purchases, and sales data for tennis rackets are as follows: April 3 Inventory 10 units @ $15.00 11 Purchase 8 units $17.00 Sale 13 units 21 Purchase 22 units $25.00 25 10 units Assuming the business maintains a perpetual inventory system and calculates the cost of goods sold and ending inventory using LIFO. Select the correct answer. O cost of goods sold $461.00 ending inventory $491.00 cost of goods sold $461.00 ending inventory $575.00 cost of goods sold $345.00 ending inventory $499.00 O cost of goods sold $461.00 ending inventory $375.00 Harris Company had checks outstanding totaling $4,370 on its May bank reconciliation. In June, Harris Company issued checks totaling $40,907. The June bank statement shows that $26,354 in checks cleared the bank in June. A check from one of Harris Company's customers of $809 was also returned marked "NSE." Determine the amount of outstanding checks on Harris Company's June bank reconciliation. Select the correct answer O$21,984 O$18,923 O$18,114 O $67,261