On January 1, Vermont Corporation had 38,100 shares of $8 par value common stock issued and outstanding. All 38,100 shares had been issued in a prior period at $21 per share. On February 1, Vermont purchased 1,090 shares of treasury stock for $28 per share and later sold the treasury shares for $20 per share on March 1. The journal entry, to record the sale of the treasury shares on February 1, would include:

a. debit to a loss account for $112,500
b. credit to Treasury Stock for $90,000
c. credit to a gains account for $112,500

Which p shifts to consumer in the four cs of the alternate marketing mix? a) promotion b) product c) place d) price

Aproduction order quantity problem has a daily demand rate = 10 and a daily production rate = 50. the production order quantity for this problem is approximately 612 units. what is the average inventory for this problem?

Waterway company’s record of transactions for the month of april was as follows. purchases sales april 1 (balance on hand) 672 @ $6.00 april 3 560 @ $11.00 4 1,680 @ 6.08 9 1,568 @ 11.00 8 896 @ 6.41 11 672 @ 12.00 13 1,344 @ 6.51 23 1,344 @ 12.00 21 784 @ 6.61 27 1,008 @ 13.00 29 560 @ 6.79 5,152 5,936 (a) calculate average-cost per unit. (b) assuming that periodic inventory records are kept in units only, compute the inventory at april 30 using lifo and average-cost. (c) assuming that perpetual inventory records are kept in dollars, determine the inventory using (1) fifo and (2) lifo. (d) compute cost of goods sold assuming periodic inventory procedures and inventory priced at fifo.