1. Fill in the table attached. Determine the cost of merchandise sold for each sale and the inventory balance after each sale. Utilize FIFO. Jan 1 - Inventory is 6,000 units at $20 Jan 2 - Sale of 500 units for $32.50 each
Jan 19 – Purchase of 2500 units at $24.25 each Jan 25 – Sale of 800 units for $33.90 each
Jan 30 - Purchase 1000 units at $22

2. Fill in the table. (same format at picture). Determine the cost of merchandise sold for each transaction above. Utilize LIFO.

3. Determine the cost per unit utilizing the weighted Average Cost method for inventory on Jan 30th from the data above.

Last year, western corporation had sales of $5 million, cost of goods sold of $3 million, operating expenses of $175,000 and depreciation of $125,000. the firm received $40,000 in dividend income and paid $200,000 in interest on loans. also, western sold stock during the year, receiving a $40,000 gain on stock owned 6 years, but losing $60,000 on stock owned 4 years. what is the firm's tax liability?

He set of companies a product goes through on the way to the consumer is called the a. economic utility b. cottage industry c. market saturation d. distribution chain

Read the scenario. alfonso is 19 years old and has a high school diploma. recently, he was promoted to assistant manager at the fast-food restaurant where he has worked since the age of sixteen. his dream is to become the restaurant’s manager. what is his best option for achieving his dream? he should find another job and work his way up to a higher position. he should hope that his manager transfers to another location and that he is his replacement. he should attend classes at the local college to receive training in management. he should work hard, work longer hours, and remain assistant manager.