Use the following information for questions 15 and 16 Jeter Co. has the following data related to an item of inventory: Inventory, March 1 100 units @ $4.20 ea Purchase, March 7 350 units @ $4.40 ea Purchase, March 16 70 units @ $4.50 ea Ending inventory, March 31 shows 130 units The value assigned to ending inventory if Jeter uses LIFO is a. $579 b. $552 c. $546 d. $585 e. none of the above; the correct answer is _____ f. The value assigned to cost of goods sold if Jeter uses FIFO is a. $579 b. $552 c. $1,723 d. $1696 e. none of the above; the correct answer is _____ Use the following data for question 17 A Trial balance before adjustments included the following: If the estimate of uncollectibles is made by taking 1% of net sales, the amount of the adjustment is a. $3,350 b. $4,110 c. $4,250 d. $4,870 e. none of the above; the correct answer is _____