Cash $109,000 accounts payable $50,700 land 70,400 notes payable (long-term) 301,700 buildings (net) 200,400 total liabilities 352,400 equipment (net) 175,400 common stock $212,000 copyrights (net) 30,400 retained earnings 21,200 233,200 total assets $585,600 total liabilities and stockholders’ equity $585,600 moss and sandhill agree that: 1. land is undervalued by $30,000. 2. equipment is overvalued by $5,000. sandhill agrees to sell the gallery to moss for $350,000. prepare the entry to record the purchase of sandhill galleries on moss’s books.

Problem 8-6 cullumber company is a multi product firm. presented below is information concerning one of its products, the hawkeye. date transaction quantity price/cost 1/1 beginning inventory 2,700 $17 2/4 purchase 3,700 26 2/20 sale 4,200 43 4/2 purchase 4,700 33 11/4 sale 3,900 47 calculate average-cost per unit. (round answer to 4 decimal places, e. g. 2.7613.) average-cost per unit $ link to text compute cost of goods sold, assuming cullumber uses: (round average cost per unit to 4 decimal places, e. g. 2.7631 and final answers to 0 decimal places, e. g. 6,548.) cost of goods sold (a) periodic system, fifo cost flow $ (b) perpetual system, fifo cost flow $ (c) periodic system, lifo cost flow $ (d) perpetual system, lifo cost flow $ (e) periodic system, weighted-average cost flow $ (f) perpetual system, moving-average cost flow $ click if you would like to show work for this question: open show work