The following information applies for Backes Corp as of December 1st, 2013. Beginning inventory 4,000 units costing $13.00/unit Sales during 2013 60,000 units sold for $70.00/unit Purchases during 2013 100,000 units costing $45.00/unit Backes values their inventory using the periodic LIFO method. The company can buy an additional 5,000 units at $60/unit before December 31st.

Required:
a. Calculate the cost of goods sold and gross margin without the additional purchase.
b. Calculate the cost of goods sold and gross margin with the additional purchase of 5,000 units.
c. Backes releases their income statement on December 31, 2013. If they wish to reduce their taxes, should Backes make the additional purchase before year-end?

you can lose ranking 2 ways.

1) you don't have enough points due to you expending them by asking questions/your answers are deleted.

2) your brainliest's expired. this means that brainliests, once they exceed the 30 day limit, expires. this is to ensure that you continue to contribute into the community at a constant rank if you want to continue to have/exceed the rank you have right now.

if you go to profile, and click "show more information" located on the bottom left of the box with your information (on top of the questions answered, questions asked, and friends), you will be given the following information (example):

member since : 02/13/2017, 18: 11

questions answered: 9741

questions asked: 162

no. of brainliest answers: 1575

brainliest answers in last 30 days: 10

warnings: 0 view

questions/answers reported: 2637

questions/answers incorrectly reported: 64

look at the "brainliest answers in the last 30 days". this is the one that will affect your rank other than your points. again, once your brainliest expires (was earned 31+ days ago), it will not be counted.

~

the answer is a.

by: nicholas dooley

answer; blank(1); /rises; blank(2); //increases;

answer; ///blank(1) longer; blank(2); lessi believe this is correct, plz check first; good luck';