The laurel corporation starts the year with a beginning inventory of 600 units at $5 per unit. the company purchases 1,000 units at $4 each in february and 400 units at $6 each in october. laurel sells 300 units during the year. laurel has a periodic inventory system and uses the fifo inventory costing method. what is the amount of cost of goods sold? a) $1,200b) $1,868c) $1,500d) $1,800
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What term refers to a formal on-the-job training program in which a worker shadows someone more experienced in the field?refers to a formal on-the-job training program in which a worker shadows someone more experienced in the field.
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Marge is told by a jeweler that a particular diamond priced at $10,000 in which she is interested cannot be obtained anywhere else for under $15,000. later that day, she finds a diamond of comparable quality priced at $8,000 at another jewelry store. the first jeweler is liable for:
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Caveat emptor as a legal principle continues to be recognized because a. sellers don’t want to be bothered with quality. b. the courts place some level of responsibility on consumers to make certain they know what they are buying and its general quality; otherwise, courts would be forever resolving small disputes. c. common law is less expensive to enforce than more contemporary laws. d. caveat emptor is no longer a recognized legal principle.
Answers: 3
The laurel corporation starts the year with a beginning inventory of 600 units at $5 per unit. the c...
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