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Use the following information to answer the questions below Beginning Inventory 100 units $4.00 Purchase-May...

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Use the following information to answer the questions below Beginning Inventory 100 units $4.00 Purchase-May Purchase-July 200 units $3.00 100 units @ $6.00 A periodic inventory system is used; ending inventory is 150 units. What is ending inventory under the average-cost method? [A] S150 What is cost of goods sold under LIFO? [A] $550 What is ending inventory under FIFO? A] $550 13. B] $1,000 [C] S250 D) $600 14. [B] $1,050 [C] $750 D] $850 15. [B] $750 C] $850 [D] $1,050 Use the following information to answer the questions below Joelle Company has the following information for the pay period of January 1 15, 20xx. Payment occurs on January 20. Gross payroll Social Security and Medicare rate State unemployment tax rate Federal income tax withheld $8,000 7.65% -5.4% $900 Federal unemployment tax rate 0.8% 16. Salaries Payable would be recorded for IA] $5,992. [B] S7,100. [C] $5,380. [D] $6,488. 17. Payroll Taxes Expense would be recorded for [A] S2,008. [B] S496. [C] $1,108. D] S612

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