Amerchandiser purchased inventory on account for $18,000. under the periodic inventory system, the journal entry to record the purchase would include
a. a debit to accounts payable for $18,000 and a credit to purchases for $18,000
b. a debit to accounts payable for $18,000 and a credit to merchandise inventory for $18,000
c. a debit to merchandise inventory for $18,000 and a credit to accounts payable for $18,000
d. a debit to purchases for $18,000 and a credit to accounts payable for $18,000

Problem 8-6 cullumber company is a multi product firm. presented below is information concerning one of its products, the hawkeye. date transaction quantity price/cost 1/1 beginning inventory 2,700 $17 2/4 purchase 3,700 26 2/20 sale 4,200 43 4/2 purchase 4,700 33 11/4 sale 3,900 47 calculate average-cost per unit. (round answer to 4 decimal places, e.g. 2.7613.) average-cost per unit $ link to text compute cost of goods sold, assuming cullumber uses: (round average cost per unit to 4 decimal places, e.g. 2.7631 and final answers to 0 decimal places, e.g. 6,548.) cost of goods sold (a) periodic system, fifo cost flow $ (b) perpetual system, fifo cost flow $ (c) periodic system, lifo cost flow $ (d) perpetual system, lifo cost flow $ (e) periodic system, weighted-average cost flow $ (f) perpetual system, moving-average cost flow $ click if you would like to show work for this question: open show work