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anastassius [24]
2 years ago
12

The beginning inventory at Midnight Supplies and data on purchases and sales for a three-month period ending March 31, are as fo

llows: Date Transaction Number of Units Per Unit Total Jan. 1 Inventory 7,500 $75.00 $562,500 10 Purchase 22,500 85.00 1,912,500 28 Sale 11,250 150.00 1,687,500 30 Sale 3,750 150.00 562,500 Feb. 5 Sale 1,500 150.00 225,000 10 Purchase 54,000 87.50 4,725,000 16 Sale 27,000 160.00 4,320,000 28 Sale 25,500 160.00 4,080,000 Mar. 5 Purchase 45,000 89.50 4,027,500 14 Sale 30,000 160.00 4,800,000 25 Purchase 7,500 90.00 675,000 30 Sale 26,250 160.00 4,200,000
Business
1 answer:
Alina [70]2 years ago
3 0

Solution :

The answer is in the chart provided below.

The record of the cost of the goods sold, purchase, inventories and ending inventory that uses LIFO for the three months that ended on 31st of March month ---

The total cost of goods sold is $ 1,021,250.00 and total inventory cost is $ 881,250.00

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Comparative advantage A. is unlikely to​ change, once it has been defined. B. may change as time passes and circumstances change
Alona [7]

Answer:

The correct answer is B. may change as time passes and circumstances

Explanation:

The concept of comparative advantage is one of the basic foundations of international trade. It assumes as decisive the relative costs of production and not the absolute ones. In other words, countries produce goods that have a lower relative cost compared to the rest of the world.

8 0
3 years ago
Ajax, Inc., issued callable bonds with a par value of $1,000,000 that require the payment of a call premium of $10,000. The bond
ivann1987 [24]

Answer:

Explanation:

The journal entry is shown below:

On September 30

Bonds payable A/c Dr $1,000,000

Loss on bond retirement A/c Dr $20,000

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(Being the callable bond is recorded)

The computation is shown below:

For cash

= Par value of bond + Premium

= $1,000,000 + $10,000

= $1,010,000

For Loss, it would be

= $1,010,000 - $990,000

= $20,000

And, the remaining amount would be transferred to discount on bond

7 0
3 years ago
You would like to borrow money three years from now to build a new building. In preparation for applying for that loan, you are
zysi [14]

Answer:

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The debt-equity ratio is used to find the firm's credibility.

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Oilers, Inc. refines and markets its energy products in different nations around the world. In addition, Oilers' stockholders an
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uysha [10]
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