10 10 compele This Test: 40 pts possible o For the year ended December 31, 2019 Davidson Mart had sales of $650 000 and cost of good December 31, 2019. would include a Davidson estimates that approximately 5% of the merchandise sold will be returned The adjusting sumal entry on O A Ccredit to Estimated Returns Inventory for 24375 OB. O debit to Sales Revenge for $0.125 OC A debit to Cost of Goods Sold for 524375 ODB.credit to Refunds Payable for 532.500 Rally Wheels, Inc had the following balances and transactions during 2018 Beginning Merchandise Inventory as of January 1, 2018 240 units at 571 March 10 Sold 50 units June 10 Purchased 960 units at $80 October 30 Sold 125 units What would the company's ending merchandise inventory cost be on December 31, 2018 if the perpetual inventory system and the last - in, first-out inventory costing method are O A 576,800 OB. 514.250 O C. 593.840 OD. 579.580