Consider the following information for Maynor Company, which uses a periodic inventory system:
Transaction Units Unit Cost Total Cost
January 1 Beginning Inventory 12 $ 62 $ 744
March 28 Purchase 22 68 1,496
August 22 Purchase 24 72 1,728
October 14 Purchase 29 78 2,262
Goods Available for Sale 87 $ 6,230
The company sold 29 units on May 1 and 24 units on October 28.
Required:
1. Calculate the company's ending inventory and cost of goods sold using the each of following inventory costing methods.
a. FIFO
b. LIFO
c. Weighted Average

Elliott company produces large quantities of a standardized product. the following information is available for its production activities for march. units costs beginning work in process inventory 2,500 beginning work in process inventory started 25,000 direct materials $ 3,725 ending work in process inventory 5,000 conversion 11,580 $ 15,305 status of ending work in process inventory direct materials added 185,750 materials—percent complete 100 % direct labor added 182,375 conversion—percent complete 30 % overhead applied (140% of direct labor) 255,325 total costs to account for $ 638,755 ending work in process inventory $ 62,530 prepare a process cost summary report for this company, showing costs charged to production, unit cost information, equivalent units of production, cost per eup, and its cost assignment and reconciliation. use the weighted-average method. (round "cost per eup" to 2 decimal places.)

The 39 percent and 38 percent tax rates both represent what is called a tax "bubble." suppose the government wanted to lower the upper threshold of the 39 percent marginal tax bracket from $335,000 to $208,000. what would the new 39 percent bubble rate have to be? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places,e.g., 32.16.)

How are interest rates calculated by financial institutions? financial institutions generally calculate interest as (1) interest or (.