G Gladstone Company tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method at the end of each period, as if it uses a periodic inventory system. Assume its accounting records provided the following information at the end of the annual accounting period, December 31. Transactions Units Unit Cost Beginning inventory, January 1 3,400 $ 50 Transactions during the year: a. Purchase, January 30 4,700 65 b. Sale, March 14 ($100 each) (3,050 ) c. Purchase, May 1 3,400 80 d. Sale, August 31 ($100 each) (3,500 )

W/A

COGS $ 425,750

EI         $  321.750‬

FIFO

COGS: $ 374,750

EI          $ 371,750‬

LIFO

COGS $ 476,750

EI         $ 270,750‬

Explanation:

DateUnitsCostSubtotal

Begining3,40050.00170,000

Jan 30th4,70065.00305,500

May 1st3,40080.00272,000

Total11,500           747,500

Sales units: 3,050 + 3,500 = 6,550

Weighted Average:

$747,5000 total value of the inventory / 11,500 units available = $65

COGS:  6,550 x $65 = $ 425,750‬

Ending Inventory: 747,500 - 425,750 = 321.750‬

FIFO

We sale the first units so the COGS are the frist 6,550 untis starting from the top:

3,400 beginning at 50

+ 3,150 Jan 30th at 65

COGS: 374,750

EI 747,500 - 375,750 = 371,750‬

LIFO we made sales of the lattest untis so in this case we start from the bottom:

3,400  May 1st at $80

3,150  Jan 30th at $65

COGS 476,750

EI 747,500 - 476,750 = 270.750‬

ans.

heterothermic organisms include those organisms that can switch between homeothermic (having body temperature higher than environment) and poikilothermic (having variation in internal body temperature) strategies.

some migratory birds show heterothermy as they decrease their metabolic rate during cold nights to keep their body temperature low. drop in metabolic rate allows increase in production efficiency of birds that reduces the internal body temperature to make it equal to external cold temperature during cold nights.

thus, the correct answer is 'birds allow their temperature drop in order to increase their production efficiency.'

answer; sprint;