Swifty has the following inventory data: July 1 Beginning inventory 23 units at $4.60 5 Purchases 91 units at $5.00 14 Sale 61 units 21 Purchases 46 units at $5.50 30 Sale 43 units Assuming that a perpetual inventory system is used, what is the cost of goods sold on a LIFO basis for July

Which critical success factor improves with reduced cycle time, better quality standards, and improved efficiency when an is is implemented?

What is one counter argument to the premise that the wealth gap is a serious problem which needs to be addressed?

On june 3, teal company sold to chester company merchandise having a sale price of $2,600 with terms of 2/10, n/60, f.o.b. shipping point. an invoice totaling $91, terms n/30, was received by chester on june 8 from john booth transport service for the freight cost. on june 12, the company received a check for the balance due from chester company. prepare journal entries on the teal company books to record all the events noted above under each of the following bases. (1) sales and receivables are entered at gross selling price. (2) sales and receivables are entered at net of cash discounts.