RJ Corporation has provided the following information about one of its inventory items: Date Transaction Number of Units Cost per Unit 1/1 Beginning Inventory 407 $ 3,235 6/6 Purchase 807 $ 3,635 9/10 Purchase 1,235 $ 4,035 11/15 Purchase 807 $ 4,270 During the year, RJ sold 3,035 units. What was cost of goods sold using the FIFO cost flow assumption under a periodic inventory system?

The capital balances, prior to the liquidation of the benjamin, gaynor, megan partnership, were as follows: benjamin, capital $100,000gaynor, capital $120,000megan, capital $175,000benjamin, gaynor, and megan share profits and losses in the ratio of 25%, 40%, 35%. as a result of a loan, the partnership owes gaynor $80,000. using the information above, which partner has the highest loss absorption power (lap) prior to liquidation? a. gaynorb. meganc. benjamind. both gaynor and megan have the same lap