Walsh Retailers purchased merchandise with a list price of $150,000, subject to trade discounts of 20% and 10%, with no cash discounts allowable. Walsh should record the cost of this merchandise as $105,000. $108,000. O $117,000. O $150,000. QUESTION 30 During periods of rising prices, a perpetual inventory system would result in the same dollar amount of ending inventory as a periodic inventory system under which of the following inventory cost flow methods? FIFO LIFO Yes No Yes Yes No Yes O No No QUESTION 31 Farr Co. adopted the dollar-value LIFO inventory method on December 31, 2017. Farr's entire inventory constitutes a single pool. On December 31, 2017, the inventory was $960,000 under the dollar-value LIFO method. Inventory data for 2018 are as follows: 12/31/18 inventory at year-end prices $1,320,000 Relevant price index at year end (base year 2017) Using dollar value LIFO, Farr's inventory at December 31, 2018 is 110 $1,056,000. O $1,224,000. $1,200,000. $1,320,000