The foslowing lots of Commodity Z were avallable for sale during the vear. The firm uses the periodic system, and there are 24 units of the commodity on hand at the end of the year. What is the ending itiventory balance at the end of the year according to the LiFO method? a. 35.325 b. 51,121 c. 51256 d. $1,4Al Assuming that the company uses the perpetuel inventory system, determine the cost of goods soid for the sale of May 20 using the Hro inventory cost method. a. 5100 b. 5105 c. 516 d. 5144 A 60 -day, 12% note for $20,400, dated May 1 , is received from a customer on account. The maturity value of the note is a. $20,400 b. $22,848 C. $20,808 d. $408 The following lots of Commodity Z were avallable for sale during the year. The firm uses the periodic system, and there are 24 units of the commodity on hand at the end of the year. What is the ending inventory balance at the end of the year according to the Fifo method? (3. 51,446 b. 53,713 c. $3,717 d. 51,152