In Problems 14 through 15 below, identify the effect of each of the independent transactions on the net income of Jason's Consulting Services for the month of May 2011. (Assume Jason's Consulting Services closes its books monthly. Ignore any effect of taxes.) On 10 November 2010, Jason's Consulting Services received a retainer fee of $360,000 cash for monthly services to be rendered over the following 12 months. (You may assume that the company renders these services at a constant rate over this 12-month period.)

Inventory by three methods; cost of goods sold the units of an item available for sale during the year were as follows: jan. 1 inventory 20 units at $1,800 may 15 purchase 31 units at $1,950 aug. 7 purchase 13 units at $2,040 nov. 20 purchase 16 units at $2,100 there are 18 units of the item in the physical inventory at december 31. determine the cost of ending inventory and the cost of goods sold by three methods, presenting your answers in the following form: round your final answers to the nearest dollar. cost inventory method ending inventory cost of goods sold a. first-in, first-out method $ $ b. last-in, first-out method $ $ c. weighted average cost method $ $