The Payroll records of Oregon Mist contained the the month of November: following information for S350,000 1,700 21,700 Salaries 2 FICA Taxes Employee FICA Taxes-Employer Federal Unemployment Taxes State Unemployment Taxes Payroll Tax Expense would The journal entry to record the monthly a: include A. debit to Payroll Tax Expense of $25,200 B. credit to FICA Taxes Payable of $43,400. C. debit to Payroll Tax Expense of $48,650 D. debit to Payroll Tax Expense of S26,950. The following units of a particular item were purchased and sold during the period: 12. 50 @ i 40 units @ S20 50 units a $21 50 units @ $22 110 units 50 units @ $23 45 units Beginning inventory First purchase Second purchase 50 23 First Sale Third purchase Second Sale What is the cost of 35 units on hand at the end of the period as determined under the periodie system by the Fifo Costing Method? a. $715 b$705 c. $700 d. $805. 13. Sherry Co. purchases a piece of equipment on January 1, 2016, for $40,000 and the equipment has an expected useful life of five years. Its is estimated be $4,000. Assuming Sherry Co. uses double-declining balance depreciation method, what is the depreciation expense for the equipment for 2017? A. $7,000 B. $14,000 C.$9,600 D. $16,000 residual value