Nash Company sells one product. Presented below is information for January for Nash Company.

Jan. 1 Inventory 102 units at $5 each
4 Sale 81 units at $8 each
11 Purchase 158 units at $6 each
13 Sale 126 units at $9 each
20 Purchase 152 units at $6 each
27 Sale 98 units at $10 each
Nash uses the FIFO cost flow assumption. All purchases and sales are on account.

Assume Nash uses a periodic system. Prepare all necessary journal entries, including the end-of-month closing entry to record cost of goods sold. A physical count indicates that the ending inventory for January is 119 units.

Acontractor was awarded a purchase order for commercial items for $1.5 million under the authority of far subpart 13.5. the purchase order was issued in november 2010 and containedall applicable clauses that were current as of the date of the purchase order. under the purchase order, the contractor is required to comply with a small business subcontracting plan that contains all of the required elements. which of the following is true? a. the contractor must submit a standard form 294, subcontracting report for individual contracts. b. the contractor must submit an individual subcontracting report through the electronic subcontracting reporting system (esrs). c. the contractor may submit either an sf 294 or report its subcontracting through esrs. d. the contractor is not required to submit any subcontracting reports.