E6.7 (lo 2), ap jeters company uses a periodic inventory system and reports the following for the month of june. compute inventory and cost of goods sold using periodic fifo, lifo, and average-cost. date explanation units unit cost total cost june 1 inventory 120 $5 $ 600 12 purchase 370 6 2,220 23 purchase 200 7 1,400 30 inventory 230 instructions a. compute the cost of the ending inventory and the cost of goods sold under (1) fifo, (2) lifo, and (3) average-cost. (round average unit cost to three decimal places.) b. which costing method gives the highest ending inventory? the highest cost of goods sold? why? c. how do the average-cost values for ending inventory and cost of goods sold relate to ending inventory and cost of goods sold for fifo and lifo?

Food, water, and shelter will not attract insects and rodents if recyclables are stored in

Concrete consulting co. has the following accounts in its ledger: cash; accounts receivable; supplies; office equipment; accounts payable; jason payne, capital; jason payne, drawing; fees earned; rent expense; advertising expense; utilities expense; miscellaneous expense. transactions oct. 1 paid rent for the month, $3,600. 3 paid advertising expense, $1,200. 5 paid cash for supplies, $750. 6 purchased office equipment on account, $8,000. 10 received cash from customers on account, $14,800. 15 paid creditors on account, $7,110. 27 paid cash for miscellaneous expenses, $400. 30 paid telephone bill (utility expense) for the month, $250. 31 fees earned and billed to customers for the month, $33,100. 31 paid electricity bill (utility expense) for the month, $1,050. 31 withdrew cash for personal use, $2,500. journalize the following selected transactions for october 2019 in a two-column journal. refer to the chart of accounts for exact wording of account titles

Trinity coatings company uses the indirect method to prepare its statement of cash flows. refer to the following information for 2018: the beginning balance in the cash account was $ 3 comma 000. net cash provided by operating activities: $ 42 comma 000 net cash used for investing activities: $(26 comma 500) net cash provided by financing activities: $ 1 comma 700 the statement of cash flows will show