The payroll register for the week ended February 14 for Luxury ...

[mydiamond]

The payroll register for the week ended February 14 for Luxury Homes Construction Company indicates gross earnings of 4,000 and total deductions of 1,200 . The entry for the Wages and Salaries Expense ending February 14 would be a
 a. 1,200 debit.
   b. 2,800 credit.
   c. 4,000 debit.
   d. 5,200 debit.

Question 2

The inventory method that assigns the most recent costs to cost of merchandise sold is
 a. FIFO
  b. LIFO
  c. weighted average
  d. specific identification

[honnalora]

Answer to Question 1

c

Answer to Question 2

b