QUESTION 33 2 points Save Answer Serene Stereos has the following inventory data: Nov. 1 Inventory 30 units @ $6.00 each 8 Purchase 120 units @ $6.45 each 17 Purchase 60 units @ $6.30 each 25 Purchase 90 units @ $6.60 each A physical count of merchandise inventory on November 30 reveals that there are 100 units on hand. Cost of goods sold under FIFO is A. $1,269 B. $632 C. $657 D. $1,295 QUESTION 34 2 points Save Answer The entry to record the receipt of payment within the discount period on a sale of $500 with terms of 2/10, n/30 will include a A. credit to Accounts Receivable for $500. B. credit to Sales Discounts for $10. C. debit to Sales Revenue for $490. D. credit to Sales Revenue for $500