The inventory records for radford co. reflected the following beginning inventory @ may 1 800 units @ $ 3.20 first purchase @ may 7 900 units @ $ 3.40 second purchase @ may 17 1,100 units @ $ 3.50 third purchase @ may 23 700 units @ $ 3.60 sales @ may 31 2,700 units @ $ 5.10 determine the amount of cost of goods sold assuming the lifo cost flow method.

Need with an adjusting journal entrycmc records depreciation and amortization expense annually. they do not use an accumulated amortization account. (i.e. amortization expense is recorded with a debit to amort. exp and a credit to the patent.) annual depreciation rates are 7% for buildings/equipment/furniture, no salvage. (round to the nearest whole dollar.) annual amortization rates are 10% of original cost, straight-line method, no salvage. cmc owns two patents: patent #fj101 and patent #cq510. patent #cq510 was acquired on october 1, 2016. patent #fj101 was acquired on april 1, 2018 for $119,000. the last time depreciation & amortization were recorded was december 31, 2017.before adjustment: land: 348791equpment and furniture: 332989building: 876418patents 217000