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Question 19 View Policies Current Attempt in Progress Ayayai has the following inventory data: July 1 5 14 21 30 Beginning inventory Purchases Sale Purchases Sale 28 units at $56 169 units at $53 113 units 85 units at $55 79 units Assuming that a perpetual inventory system is used, what is ending inventory (rounded) under the average cost method for July (Round intermediate calculations to 3 decimal places, e.g. 12.531.) $4948 $4924 $4880 $4192 Question 24 View Policies Current Attempt in Progress The Sarbanes Oxley Act applies to U.S. and Canadian companies but not other international companies. international companies but not U.S. companies, U.S and international companies. U.S companies but not international companies. Save for Later Question 25 View Policies Current Attempt in Progress A check written by the company for $108 is incorrectly recorded by a company as $180. On the bank reconciliation, the $72 error should be deducted from the balance per bank deducted from the balance per books. added to the balance per books. added to the balance per bank Question 26 View Policies Current Attempt in Progress All of the following activities occur at the time of a cash disbursement from petty cash except the individual receiving payment signs the voucher. a journal entry is made for each cash distribution. available supporting documents are attached to the voucher. the petty cash custodian signs the voucher. Question 27 View Policies Current Attempt in Progress All of the following actions would strengthen internal control over a petty cash fund except surprise counts by a supervisor. cancellation of paid vouchers. submission of supporting documents, multiple petty cash custodians. Question 28 View Policies Current Attempt in Progress Which of the following is not a necessary internal control procedure for the replenishment of the petty cash fund? Segregation of duties. Employee background check. Independent internal verification. Documentation procedures

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