Using the following data to calculate questions 72-75 A company purchased merchandise to be resold at increasing costs during the month. The purchases were made at the following costs... Jan 1, 2020 Beg. Inventory 30 units 5 Jan 5, Purchase 25 units 86 Jan 10 Purchase 15 untis Jan 25 Purchase 30 untis es 72) What are the number of units and the cost of the goods available for sale? _100_units 73) Assuming the LIFO periodic cost flow assumption, what will be the company's cost of goods sold for 80 units sold in Jan 31, 2020 Show calculation: 74) Assuming the FIFO periodic cost flow assumption, what will be the company's cost of goods sold for the 80 items sold in Jan 31, 20207 Show calculation 75) Assuming the periodic weighted average cost flow assumption, what is the company's cost of goods sold for the 80 items sold in Jan 31, 20207 Show calculation 76) The following information is taken from the records of Datum Company for the year ended December 31, 2019, Direct Materials, S8.000: Direct Labour $3.000; Manufacturing overhead. 511,000. Ending Work In Process inventory S5,000: Cost of Good Manufactured $19.000. The amount of beginning work in process inventory SO $2.000 $1,000 d. 58.000 7) When a journal entry is recorded to estimate an Allowance for Doubtfal Accounts, the Accounts Receivable subsidiary ledger must be updated immediately Answer: TRUE OR FALSE 78) Allowance for Doubtful Accounts is closed at the end of every accounting period. Answer: TRUE OR FALSE 79) A company uses the allowance method and has estimated $2,000 of their Accounts Receivable as uncollectible. The journal entry to record the estimated uncollectible amount is