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3 years ago

Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March.

Business

1 answer:

gayaneshka [121]3 years ago

3 0

Answer:

(a) FIFO cost $ 17,510.00 includes 20 units @ $63.00 per unit and 250 units @ $ 65.00 per unit.

(b) LIFO cost $ 15,900.00 includes 115 units @ $53.00 per unit, 135 units @ $63.00 per unit and 20 units @ $65.00 per unit.

(d) Specific identification cost $ 16,240.00 includes 85 units @ 53.00 per unit, 30 units @ 58.00 per unit, 40 units @ 63.00 per unit and 115 units @65.00 per unit.

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2 years ago

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nirvana33 [79]

The answer is option A. a. Cash 900,000 Unearned

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Account Title Debit Credit

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Take note that the unearned subscription revenue is amortized to subscription revenue on a monthly or yearly basis.

Disclaimer:-your question is incomplete, please see below for complete question.

a. Cash 900,000 Unearned

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b. Prepaid Subscriptions 900,000

Cash 900,000 Subscriptions

c. Receivable 150,000

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d. Subscriptions Receivable 900,000

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Learn more about subscriptions here:-brainly.com/question/15301858

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