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  3. the following table summarizes westeros corporatio

The following table summarizes Westeros Corporation's purchase and sales data related to its inventory. Units...

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Accounting

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The following table summarizes Westeros Corporation's purchase and sales data related to its inventory. Units Unit Cost Total Cost Units Sold Beginning Inventory $280 Sale No. 1 Purchase No. 1 40 3 5 1,400 Sale No. 2 Purchase No. 2 25 250 Totals $1.930 Assuming Westeros uses the LIFO perpetual inventory system, what is their Cost of Good Sold? Select one: a. $987 b. $1,000 c. $1,930 d. $1,085 Which of the following statements is/are true? 1. If a $300,000 face value bond is issued at 102, the cash received will be $306,000. II. If a public company issues bonds at a discount, it indicates the company has a good credit rating. III. If the market rate is 12% and the stated rate is 1496, the bonds will sell at a premium. IV. If the market rate is 12% and the stated rate is 10%, the bonds will sell at a premium. Select one: a. I and III b. ll only c. I and II d. I and IV

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