Unit Cost 0.50 Total Cost 3,500 The Harper entity showed inventory as follows: Units Beginning Inventory 7,000 Purchases April 30,000 May 45,000 June 18,000 Totals 100,000 0.60 0.75 0.80 18,000 33,750 14,400 69,650 The ending inventory consists of 20,000 units. 3,000 of the ending inventory units are from the beginning inventory, 10,000 are from the April purchase, and 7,000 are from the June purchase. QUESTION 36 Prepaid rent is a type of O A. liability. O B. owner's equity. O C. expense. O D. prepaid expense. QUESTION 37 Using the Table you have downloaded: The Cost of Goods Sold using the specific invoice method of costing ending inventory is: O A. $55,720 O B. $56,550 O C. $53,750 O D. $58,350 QUESTION 38 Using the table you hae downloaded: The Cost of Goods Sold using the weighted average unit cost method of costing enidng inventory is: O A. $55,720 O B. $56,550 O C. $53,750 O D. $58,350