Company Scalter has the following transactions in February. February 10, 50 units purchased $100 each. February 23, 40 units purchased $110 each. Company uses LIFO as inventory costing system and level of materiality is determined as $550. At the end of February, after taking physical inventory; 89 units have been found on hand and at the end of the month, current market value of a unit is $95. Make required journal entries for the end of February.

Juan has a retail business selling skateboard supplies he maintains large stockpiles of every item he sells in a warehouse on the outskirts of town he keeps finding that he has to reorder certain supplies all the time but others only once a year how can he solve this problem?

In microeconomics, the point at which supply and demand meet is called the blank price

Below are the steps in the measurement process of external transactions. arrange them from first (1) to last (6). event step post transactions to the general ledger. assess whether the transaction results in a debit or credit to account balances. use source documents to identify accounts affected by an external transaction. analyze the impact of the transaction on the accounting equation. prepare a trial balance. record the transaction in a journal using debits and credits.