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Ferris Company began 2013 with 6,000 units of its principal product. The cost of each unit is $8. Merchandise transactions for the month of January 2013 are as follows:
Includes purchase price and cost of freight.SalesDate of Sale UnitsJan. 5 ............. 3,000Jan. 12 ............. 2,000Jan. 20 ............. 4,000Total ............. 9,0008,000 units were on hand at the end of the month.Required:Calculate January's ending inventory and cost of goods sold for the month using each of the following alternatives:1. FIFO, periodic system2. LIFO, periodic system3. LIFO, perpetual system4. Average cost, periodic system5. Average cost, perpetualsystem
Carson Inc., a retail establishment, expects sales of $500,000 of a particular item in March. Its gross profit percentage is 60 percent.
prepare a three 3 year forecast of estimated future cash flows for you company and give valid economicbusiness reasons
masoon corporation has current assets of 1500000 and current liabilities of 750000. if they pay 250000 of their
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in april 2011 of this year emma acquired a used machine for 60000 for use in her business. the machine is classified as
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xyz company employs a fifo periodic inventory system and had the following inventory information available for the
1. a perpetual record of a raw materials item that records data on the quantity and cost of units purchased units
bargain rental car offers rental cars in an off-airport location near a major tourist destination in california.
the master budget at windsor inc. last period called for sales of 90000 units at 36 each. the costs were estimated to
are the stocksof different companies equally risky? ifnot what are some factors that would cause a companys stockto be
Determine the cost recovery deduction for 2012 for these assets.
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