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The beginning inventory was 300 units at a cost of $10 per unit. Goods available for sale during the year were 1,300 units at a total cost of $14,400. In May, 600 units were purchased at a total cost of $6,600. The only other purchase transaction occurred during October. Ending inventory was 550 units.Required:
a. Calculate the number of units purchased in October and the cost per unit purchased in October.
b. Calculate cost of goods sold and ending inventory under the following cost flow assumptions (using a periodic inventory system):1. FIFO2. LIFO
sather company had accounts receivable of 64100 and allowance for doubtful accounts of 4300. sather company prepares
The liabilities of Acosta Corporation equal one-third of the total assets, and stockholders equity is $90,000. What is the amount of the liabilities
from the following statement please 1 complete bank reconciliation for jimmys deli found on the reverse of the bank
surf beach state college has a business school with three products undergraduate degrees graduate degrees and executive
Journalize and post adjusting entries. Prepare an adjusted trial balance.
here are the instructionsat the beggining of the current period emler corp. hadbalances in accounts recevable of 200k
Edurado has started a small business making sundials. The following transactions occured for the business during a recent period. How much profit did the company earn for this period?
albertville has a direct labor standard of 2 hours per unit of output. each employee has a standard wage rate of 22.50
alberta gauge company ltd. a small manufacturing company in calgary alberta manufactures three types of electrical
the illinois corp. which maintains a periodic inventory acquired 12000 of merchandise inventory in january of 2012 but
The One Stop Print Shop has used the same overhead rate on all jobs. Job 216 was the only job in process at the beginning of the month. At that time it had incurred direct labor costs of $150 and total cost of $570.
Prepare all journal entries necessary to record the preceding transaction for the Public Parks Bond Fund (DSF). Include closing entries.
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