Vargas Compare the perpetua inventory system and the cost flow method Dunge current year, Van Durchased 1000 units of inventory at cost $1 each. At a later date during the year, the company purchased an additional 1400 units of inventory that cost $2 each Vargas sold 1100 sorventory for $15. What is the amount of cost of goods sold that will spear on the current year's come tentent? $12.200 $300 O 11000 On September 30 the bank statement of Fine Company showed a balance of $8450. The following information was realed by comparing the bank statement to the cash balance in Fine's Courving records Deposits in transit amounted to $3615 Outstanding the mounted to 150 A 360 check we noontly drawn on Fire's account NSF checksturned by the bank were $860 The bark service charge was Cred memo for $100 for the collection of one of the com What is the true cash balance? STRO