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Montana Great Outdoors had the following inventory in fiscal 2012. Compute the company's cost of goods sold for fiscal 2012 assuming the company used a) FIFO and b) LIFO methods of accounting for inventory:Beginning Inventory, August 1, 2011: 140 units @ $19.50Purchase 300 units @ $19.00Purchase 50 units @ $20.00Purchase 120 units @ $20.30Ending Inventory, July 31, 2012: 130 units
On March 1, the Unearned Revenue account had a credit balance of $4,000. During March, it sold 300 tickets at $20 each and 250 tickets were used during the month. What is the balance in Unearned Revenue at the end of March?
john clinton owner of clinton company applied for a bank loan and was informed by the banker that audited financial
Condensed financial data of Odgers Inc. follow.
a company has fixed costs of 92450. its contribution margin ratio is 43 and the product sells for 56 per unit. what is
All of the machinery on the assembly line in the plant was rearranged at a cost of $50,000. The rearrangement clearly increases the productive capacity of the plant.
pierre dupont just received a cash gift from his grandfather. he plans to invest in a five-year bond issued by venice
ljb company a local distributor has asked your accounting firm to evaluate their system of internal controls because
Prepare company's income statement, using single-step method, for the year ended December 31,2009, and provide with EPS (income per share).
Examine the major factors which impact a company’s decision of whether to pay the dividend and determine what you believe is the most significant driver of the decision.
A. What is the inventory cost per unit using absorption costing? B. What is the inventory cost per unit using variable costing?
the lester ratio computations and preparations of statements lester fredrick corporation has in recent years maintained
on december 312010 carme company had significant amounts of accounts receivables as a result of credit sales to its
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