View Policies Current Attempt in Progress Wildhorse has the following inventory data: July 1 Beginning inventory 32 units at $65 5 Purchases 194 units at $60 14 Sale 130 units 21 Purchases 97 units at $63 30 Sale 91 units Assuming that a perpetual inventory system is used, what is ending inventory (rounded) under the average cost method for July? (Round intermediate calculations to 3 decimal places, e.g. 12.531.) O $5622 O $6354 O $6310 $6378 A company sells a plant asset that originally cost $650000 for $270000 on December 31, 2022. The accumulated depreciation account had a balance of $260000 after the current year's depreciation of $65000 had been recorded. The company should recognize a $55000 loss on disposal. O $120000 gain on disposal. O $120000 loss on disposal. $380000 loss on disposal. Save for Later Attempts: 0 of 1 used Submit Answer Current Attempt in Progress On October 1, 2022, Ivanhoe Company places a new asset into service. The cost of the asset is $87500 with an estimated 5-year life and $24500 salvage value at the end of its useful life. What is the depreciation expense for 2022 if Ivanhoe Company uses the straight- line method of depreciation? O $4375. $8750. $17500. O $3150. View Policies Current Attempt in Progress Metlock has the following inventory data: July 1 Beginning inventory 27 units at $5.40 5 Purchases 108 units at $5.90 14 Sale 72 units 21 Purchases 54 units at $6.50 30 Sale 50 units Assuming that a perpetual inventory system is used, what is the value of ending inventory on a LIFO basis for July? O $384.20 O $573.60 $749.80 O $1134.00