Farr co. adopted the dollar-value lifo inventory method on december 31, 2017. farr's entire inventory constitutes a single pool. on december 31, 2017, the inventory was $960,000 under the dollar-value lifo method. inventory data for 2018 are as follows: using dollar value lifo, farr's inventory at december 31, 2018 is
a. $1, 056,000.
b. $1, 224,000.
c. $1, 200,000
d. $1, 320,000.

Using the exxon data as an example what would be the market capitalization of penny's pickles if each share is selling for $175.35?

Required prepare the necessary adjusting entries in the general journal as of december 31, assuming the following: on september 1, the company entered into a prepaid equipment maintenance contract. birch company paid $3,400 to cover maintenance service for six months, beginning september 1. the payment was debited to prepaid maintenance. supplies on hand at december 31 are $3,900. unearned commission fees at december 31 are $7,000. commission fees earned but not yet billed at december 31 are $3,500. (note: debit fees receivable.) birch company's lease calls for rent of $1,600 per month payable on the first of each month, plus an annual amount equal to 1% of annual commissions earned. this additional rent is payable on january 10 of the following year. (note: be sure to use the adjusted amount of commissions earned in computing the additional rent.)

Connors academy reported inventory in the 2017 year-end balance sheet, using the fifo method, as $154,000. in 2018, the company decided to change its inventory method to lifo. if the company had used the lifo method in 2017, the company estimates that ending inventory would have been in the range $130,000-$135,000. what adjustment would connors make for this change in inventory method?