Inventory costing methods-periodic method chen sales corporation uses the periodic inventory system. on january 1, 2012, chen had: 1,000 units of product a with a unit cost of $30 per unit. a summary of purchases and sales during 2012 follows:

unit units units
cost purchased sold
feb.2 400
apr.6 $32 1,800
july 10 1,600
aug.9 36 800
oct.23 800
dec.30 39 1,200

required

assume that chen uses the first-in, first-out method. compute the cost of goods sold for 2012 and the ending inventory balance at december 31, 2012, for product a.

assume that chen uses the last-in, first-out method. compute the cost of goods sold for 2012 and the ending inventory balance at december 31, 2012, for product a.

assume that chen uses the weighted-average cost method. compute the cost of goods sold for 2012 and the ending inventory balance at december 31, 2012, for product a.

Although gdp is a reasonably good measure of a nation's output, it does not necessarily include all transactions and production for that nation. which of the following scenarios are either not accounted for or measured inaccurately by either the income or the expenditure methods of calculating gdp for the united states? check all that apply. the value of babysitting services, when the babysitter is paid in cash and the transaction isn't reported to the government the variety of goods available to consumers funds spent by city governments to renovate their buildings the costs of air and water pollution when a u. s. company purchases and imports electronic parts from china to use to produce mp3 players within the united states, this purchase increases the component of gdp while also net exports by the same amount. therefore, the purchase of electronic parts from china causes in us gdp.