Smith Corporation began Year 1 with a difference of $50,000 between inventory valued internally using FIFO and inventory valued using LIFO. At the end of Year 1, this difference increased to $75,000. The journal entry to record this increase would include a A. credit to LIFO reserve for $75,000.
B. debit to LIFO reserve for $25,000.
C. debit to LIFO reserve for $75,000.
D. credit to LIFO reserve for $25,000.

How did lani lazzari show her investors she was a good investment? (site 1)

Down under products, ltd., of australia has budgeted sales of its popular boomerang for the next four months as follows: unit salesapril 74,000may 85,000june 114,000july 92,000the company is now in the process of preparing a production budget for the second quarter. past experience has shown that end-of-month inventory levels must equal 10% of the following month’s unit sales. the inventory at the end of march was 7,400 units.required: prepare a production budget by month and in total, for the second quarter.

During the holiday season, maria's department store works with a contracted employment agency to bring extra workers on board to handle overflow business, and extra duties such as wrapping presents. maria's is using during these rush times.