Use the information below to answer Questions 48. 49. A schoolstrict maintains a supplies inventory, and charges the schools for the supplies as they are und in August 100 box of penis were purchased for inventory at a cost of $500 plus tax and shipping. In November 10 a were and charged to United mentary, and 40 boxes were issued and charged to other school sites in Jaunumy, the purchased so more be at a cost of 340 plus $35 tax and shipping. No additional purchases or distributions occurred during the remainder of the fiscal year. The district uses the moving average cost method of very valuation What should ved Elementary have been charged for the pain issued in November? Stect the single best answer: A 30.00 8.00 C. 555.00 D. 500.50 49 What is the inventory value of pencils remaining in inventory at the end of the fiscal year? Select the single best answer: A $550.00 B. $626.00 C. $650.00 D. $675.00 50 Use the information below to answer Questions 50-51 The balance sheet prepared for Toon December 31, 2010, showed total of 28,500, and $17,000 Subgry was found that the Commision count wiha balance of $9.750 had been closed to Income suwy without taking into account the following No record had been made of the fact that the December como dos to Gonzales, a les pretend to 10 Correction were made on the book or above the balance she was corred What were the total assess the corrected bc het? Select the single best answers 27300 2,340 C$25.500 D.520.010 51 What were the total liabilities on the corrected balance sheet? Select the single best answer: A $16,490 B. $17.000 C: $17,360 D. $17,510 Use the information below to answer Questions 48. 49. A schoolstrict maintains a supplies inventory, and charges the schools for the supplies as they are und in August 100 box of penis were purchased for inventory at a cost of $500 plus tax and shipping. In November 10 a were and charged to United mentary, and 40 boxes were issued and charged to other school sites in Jaunumy, the purchased so more be at a cost of 340 plus $35 tax and shipping. No additional purchases or distributions occurred during the remainder of the fiscal year. The district uses the moving average cost method of very valuation What should ved Elementary have been charged for the pain issued in November? Stect the single best answer: A 30.00 8.00 C. 555.00 D. 500.50 49 What is the inventory value of pencils remaining in inventory at the end of the fiscal year? Select the single best answer: A $550.00 B. $626.00 C. $650.00 D. $675.00 50 Use the information below to answer Questions 50-51 The balance sheet prepared for Toon December 31, 2010, showed total of 28,500, and $17,000 Subgry was found that the Commision count wiha balance of $9.750 had been closed to Income suwy without taking into account the following No record had been made of the fact that the December como dos to Gonzales, a les pretend to 10 Correction were made on the book or above the balance she was corred What were the total assess the corrected bc het? Select the single best answers 27300 2,340 C$25.500 D.520.010 51 What were the total liabilities on the corrected balance sheet? Select the single best answer: A $16,490 B. $17.000 C: $17,360 D. $17,510