Nu Company reported the following pretax data for its first year of operations. Net sales 2,870 Cost of goods available for sale 2,490 Operating expenses 780 Effective tax rate 20 % Ending inventories: If LIFO is elected 960 If FIFO is elected 1,260 What is Nu's net income if it elects FIFO?

Maria am corporation uses the weighted-average method in its process costing system. the baking department is one of the processing departments in its strudel manufacturing facility. in june in the baking department, the cost of beginning work in process inventory was $4,880, the cost of ending work in process inventory was $1,150, and the cost added to production was $25,200. required: prepare a cost reconciliation report for the baking department for june.

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