Maxell Company uses the FIFO method to assign costs to inventory and cost of goods sold. The company uses a periodic inventory system. Consider the following information: Date Description # of units Cost per unitJanuary 1 Beginning inventory 140 $4June 2 Purchase 80 $3November 5 Sales 160 What amounts would be reported as the cost of goods sold and ending inventory balances for the year?A. Cost of goods sold $640; Ending inventory $140B. Cost of goods sold $700; Ending inventory $210C. Cost of goods sold $560; Ending inventory $240D. Cost of goods sold $620; Ending inventory $180

At december 31, 2016, pina corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 107,810 shares $10,781,000 common stock, $5 par, 4,026,000 shares 20,130,000 during 2017, pina did not issue any additional common stock. the following also occurred during 2017. income from continuing operations before taxes $21,950,000 discontinued operations (loss before taxes) $3,505,000 preferred dividends declared $1,078,100 common dividends declared $2,300,000 effective tax rate 35 % compute earnings per share data as it should appear in the 2017 income statement of pina corporation