12. On January 1, 2018, Sam Inc. adopted the dollar value LIFO method. The inventory.com on this date was $101.900. The ending inventory, valued at year-end costs, and the relative cost index for each of the next three years is below: Cost Inder Year-end 2018 2019 Ending inventory at year-end costs $131.985 151 360 161.580 110 1.20 In determining the inventory balance should Sam report in its 12/31/2019 balance sheet: A. An additional layer of $25.090 is added to the 1/1/2019 balance B. An additional layer of $24.090 is added to the 1/1/2019 balance C. An additional layer of $13.090 is added to the 1/1/2019 balance D. None of these answer choices are correct. 13. Vivian An Co started 2018 with $94,000 of merchandise inventory on hand. During 2018, $410,000 in merchandise was purchased on account with credit terms of 2/15, 45. All discounts were taken. Purchases were all made fo.b, shipping point. Vivian palid freight charges of $7,600, Merchandise with an invoice amount of $4,100 was returned for credit Cost of goods sold for the year was $372,000. Vivian uses a perpetual inventory system What is ending inventory assuming Vivian uses the gross method to record purchase A B. C. D. $135.500 $139,600 $1274382 $127.322 Page 8 of 13 Page or 14. Frank Bakery estimates the allowance balance of accounts receivable. During - $121.000 and $138.000, respectively. January 1, 2018, if $190 in accounts receivable were allowance account had a balance of $840 on Decem Wance for uncollectible accounts at 3% of the ending During 2018, Chez Fred's credit sales and collections were tively. What was the balance of accounts receivable on ceivable were written off during 2018 and if the 3840 on December 31, 2018? A. $38,000. B. $45.190. C. $700. D. None of these answer choices are correct. me. adopted dollar-value LIFO (DVL) as of January 1, 2018, when it had an inventory of $710.000. Its inventory as of December 31, 2018, was $904,800 at year-end costs and the cost index was 1.20. What was DVL inventory on December 31, 2018? A. $754,000. B. $852,000. C. $904,800. D. $762,800. 16. Molly Corporation obtained a $45.000 note receivable from a cm ation obtained a $45,000 note receivable from a customer on June 30, 2018 h interest at 4%, is due on June 30, 2019. On September 30, 2018 The note, along with interest at 4%, is due on June 30, 2019. Om led the note at Cloverdale bank. The bank's discount rate is 8%. What Molly discounted the note at Cloverdale bank. The amount of cash did Molly receive from Cloverdele bank's discount .ber 30, 2018 A. $41,400. B. $43.992. C. $42,192. D. $45,450. nge 9 of 13