Gill Fishing, a company that provides fishing expeditions for tourists at 8 locations across the globe, sold 15 tickets for expeditions at its various locations on January 1, 2015 for a total of $15,000 ($1,000 per customer). The customers will go on the expeditions during the fishing months from May - September 2015. All of the customers paid in cash at the time of the purchase. What impact would the receipt of cash have on this date?

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Use the information below to answer the following question. the boxwood company sells blankets for $60 each. the following was taken from the inventory records during may. the company had no beginning inventory on may 1. date blankets units cost may 3 purchase 5 $20 10 sale 3 17 purchase 10 $24 20 sale 6 23 sale 3 30 purchase 10 $30 assuming that the company uses the perpetual inventory system, determine the gross profit for the month of may using the lifo cost method.

The following costs were incurred in may: direct materials $ 44,800 direct labor $ 29,000 manufacturing overhead $ 29,300 selling expenses $ 26,800 administrative expenses $ 37,100 conversion costs during the month totaled: