Multiple Choice Question 104 Swifty has the following inventory data: Nov. 1 Inventory 23 units @ $4.60 each 8 Purchase 91 units @ $4.90 each 17 Purchase 46 units @ $4.80 each 25 Purchase 68 units $5.00 each A physical count of merchandise inventory on November 30 reveals that there are 76 units on hand. Ending inventory under LIFO is $747. $734. $378 $366. Marigold Corp. started the year with total assets of $301000 and total liabilities of $241000. During the year the business recorded $629000 in revenues, $332000 in expenses, and dividends of $57000. The net income reported by Marigold Corp. for the year was O $297000. O $177000. $567000. O $240000. Multiple Choice Question 76 Pharoah Company has the following inventory data: July 1 Beginning inventory 150 units at $19 7 Purchases 525 units at $20 22 Purchases 75 units at $22 $2850 10500 1650 $ 15000 A physical count of merchandise inventory on July 30 reveals that there are 250 units on hand. Using the FIFO inventory method, the amount allocated to ending inventory for July is $5150. O $5500. O $5000. O $4850