USE THE FOLLOWING INFORMATION TO ANSWER QUESTIONS 3-4 The following data represent the beginning inventory and in the order of occurrence, the purchases and sales of Mullenax Company for an operating period Units Sold 20 20 Unit Cost $87 93 Total Cost $ 1.740 1.860 30 90 98 8.640 Beginning Inventory Purchase No. 1 Sale No.1 Purchase No. 2 Sale No. 2 Purchase No 3 Totals SO 108 $19.800 110 200 3. Assuming Mullenax Company uses FIFO periodic inventory system the ending inventory cost is A) $9.720 B) $8.400 C) $9.480 D) $7,560 4 Assuming Mullenax Company uses LIFO periodic inventory procedures, the ending inventory costis A) $7,380 B) $9.450 C) $9,390 D) $8.400 5. At what amount will accounts receivable for Horizon Company be reported on the balance sheet if the gross receivable balance is $156,000 and the allowance for doubtful accounts is estimated at 4% of gross receivables? A) $158,880 B) $141.000 C) $149,760 D) $ 54,600 6. Great Landscapes Company estimates its doubtful accounts by aging its accounts receivable and applying percentages to various aged categories of accounts. The Great Landscapes Company computes a total of $3,600 in estimated doubtful accounts as of December 31, 2019. Its Accounts Receivable account has a balance of $112.800 and its Allowance for Doubtful Accounts has a credit balance of $600 before adjustment at December 31, 2019 How much bad debts expense will Great Escapes report in 2019 A) $ 480 B) $3,840 C) $3,000 D) $3,360