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Question - Salisbury Company uses the perpetual inventory system and had the following inventory & sales activity for the month of May 2019:
Date Activity Quantity Unit Price
5/1 Beginning Inventory 175 $11.00
5/5 Purchase 200 $12.00
5/10 Sales 300 $25
5/15 Purchase 200 $13.50
5/20 Sales 250 $28
5/25 Purchase 150 $13.00
Using the LIFO method, determine the dollar value for Ending Inventory at the end of month of May. Round to the nearest cent.
Using straight-line depreciation, determine the book value on January 1, 2004 and the revised depreciation for 2004
On April 30, Miller's Bike Goods purchased $600 of merchandise on account from the Spark Company. The goods were shipped F.O.B. shipping point. The freight charge of $40 was paid by Spark Company and added to the invoice. The amount to record in t..
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in 2010 dangerous dragon inc. a retail clothing company sold 558231 units of its product at an average price of 20 per
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The Wei Corporation expects next year's net income to be $15 million. The firm's debt ratio is currently 40 percent.
HA2042ACCOUNTING INFORMATION SYSTEMS Assignment. Define business processes - What a Baker does? Discuss the business activities/processes of the organisation to show your understanding about the business
Prepare a trial balance. The total of the debits is
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