1. Kim Co. purchased goods with a list price of $182,100, subject to trade discounts of 30% and 20%, with no cash discounts allowable. How much

1. Kim Co. purchased goods with a list price of $182,100, subject to trade discounts of 30% and 20%, with no cash discounts allowable. How much should Kim Co. record as the cost of these goods?2. Keillor Company’s inventory of $1,158,200 at December 31, 2014, was based on a physical count of goods priced at cost and before any year-end adjustments relating to the following items.(a)