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SALAT RE Multiple Choice Question 99 Romanoff Industries had the following inventory transactions occur during 2014: Units Cost/ 2/1/20 Purchase 54 3/14/20 Purchase 93 11/20 Purchase 66 549 The company sold 140 units 565 each and has a taxe fong that periodic inventory systems, what is the company or Founded to whole dar) 345 547 O $6472 56712 $23 Click if you would like to Show Work for this questions on Show Wor PRINTER VERSION Multiple Choice Question 137 During July, the following purchases and sales were made by Phast Company. There was no beginning inventory. Phast Company uses a perpetual inventory system. Purchases Sales July 3 40 units @ $14 July 13 50 units 11 40 units $15 22 20 units 20 20 units @ $16 Under the UFO method, the cost of goods sold for each sale is: July 13 July 22 740 320 750 300 BOO 320 $700 5280 GRILATOR TWO RIVER VERSION Multiple Choice Question 147 Sandie Company lends Rose Company $9000 on April 1, accepting a four-month, 4% interest not. Sande Company prepares financementing wey de made before the financial statements can be prepared O Cash 30 30 Interest Revenue O Interest Receivable Interest Raven Interest Receivable Interest 120 120 30 30 Note Receivable Cash 9000 9000 Click if you would like to show Work for this questions or Show PAT

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