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The following table summarizes Westeros Corporation's purchase and sales data related to its inventory. Units Units Unit Cost $14 Total Cost $280 Sold 40 35
The following table summarizes Westeros Corporation's purchase and sales data related to its inventory. Units Units Unit Cost $14 Total Cost $280 Sold 40 35 1,400 Beginning Inventory Sale No. 1 Purchase No. 1 1 Sale No. 2 Purchase No. 2 Totals 250 $1.930 Assuming Westeros uses the FIFO periodic inventory system, what is the ending inventory cost? Select one: a. $950 b. $250 c. $750 O d. $420 On January 1, 2019, Rodila Corporation issued $1,400,000 of 12-year, 10% bonds at an effective interest rate of 89. The bonds make a cash interest payment each year on December 31. What is the carrying value of the bonds (i.e., the remaining bond liability) on December 31, 2024 (after 6 years have passed)? Select one: a. $1,529,440.63 b. $1,400,000.00 C. $1,492,739.55 d. $1,278,052.70
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