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Hender Company revealed the following inventory transactions:
Jan. 1 Beginning balance, 16,000 units @$140 Jan. 5 Purchased 4,000 units @$150 Jan. 10 Issued 15,000 units to production Jan. 15 Purchased 20,000 units @$160 Jan. 16 Returned 1,000 units to supplier from January 15 purchase Jan. 25 Issued 8,000 units to production Jan. 26 Production returned 4,000 units to storeroom from the January 25 issue Jan. 31 Purchased 30,000 units @$150
Problem 1: What is the cost of the inventory on January 31 using FIFO method?
The step-down method, over how many square feet would the Building Maintenance cost be allocated (i.e., spread)?
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Calculate dividends using the accounting equation At the beginning of its current fiscal year, Willie Corp.'s balance sheet showed assets of $12,400 and liabilities of $7,000.
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