The following Information pertains to Julla & Company March 1 Beginning inventory = 29 units @ $5.70 March 3 Purchased 18 units @ 3.60 March 9 Sold 26 units @ 8.50 What is the cost of goods sold for Julia & Company assuming it uses LIFO? (Do not round your Intermedlate calculations. Round your answer to the nearest dollar amount.) Multiple Choice $148 O $94 $103 O O $110. The following information pertains to Lightning Inc., at the end of the year: Credit Sales Accounts Payable Accounts Receivable Allowance for Uncollectible Accounts Cash Sales $73,000 10,900 8,000 $ 600 credit 33,000 Lightning uses the percentage-of-credit-sales method and estimates 7% of sales are uncollectible. What is the ending balance of the allowance account after the year-end adjustment? Multiple Choice o $8.020. O $5,710. O $5.110 o $4.510 On January 1, Gucci Brothers Inc. started the year with a $705,000 balance in Retained Earnings and a $591,000 balance in common stock. During the year, the company reported net income of $103,000. paid a dividend of $14,100, and issued more common stock for $22,000. What is total stockholders' equity at the end of the year? Multiple Choice O $1.435,100 $1,406,900 O $1,362.900 O $1,296,000 On March 3, Cobra Inc. purchased a desk for $420 on account. On March 22. Cobra purchased another desk for $545 also on account, and then on March 24, Cobra pald $510 on account. At the end of March, what amount should Cobra report for desks (assuming these two desks were the only desks they had)? Multiple Choice $420 o $545 o $125 $965