Inventory records for marvin company revealed the following:

number unit total
date transaction of units cost value
mar. 1 beginning inventory 1,000 $7.20 $7,200
mar. 10 purchase 600 7.25 4,350
mar. 16 purchase 800 7.30 5,840
mar. 23 purchase 600 7.35 4,410
total 3,000 $21,800

marvin sold 2,300 units of inventory during the month. ending inventory assuming lifo would be:

a. $5,040.
b. $5,140.
c. $5,075.
d. $5,135.

The account titles for transaction (d) 5/5 should appear in the account title column of the journal entry as a. merchant’s bank equipment—store b. cash equipment—store c. a/p—bellhaven bank cash d. inventory—merchandise p. woodsley—capital

If a team of three workers, each making the u.s. federal minimum wage, produced these 12 rugs, what would the total labor cost be? don't forget that these workers would be working overtime.

Garrett is an executive vice president at samm hardware. he researches a proposal by a larger company, maximum hardware, to combine the two companies. by analyzing past performance, conducting focus groups, and interviewing maximum employees, garrett concludes that maximum has poor profit margins, sells shoddy merchandise, and treats customers poorly. what actions should garrett and samm hardware take? a. turn down the acquisition offer and prepare to resist a hostile takeover. b. attempt a friendly merger and use managerial hubris to improve results at maximum. c. welcome the acquisition and use knowledge transfer to impart sam hardware's management practices. d. do nothing; the two companies cannot combine without samm hardware's explicit consent.