Consider the following information for Maynor Company, which uses a periodic inventory system: Transaction Units Unit Cost Total Cost January 1 Beginning Inventory 21 $ 71 $ 1,491 March 28 Purchase 31 77 2,387 August 22 Purchase 42 81 3,402 October 14 Purchase 47 87 4,089 Goods Available for Sale 141 $ 11,369 The company sold 47 units on May 1 and 42 units on October 28. Required: Calculate the company's ending inventory and cost of goods sold using the each of following inventory costing methods. (Round the per unit cost to two decimal places and then round your answer to the nearest whole dollar.)

a. FIFO:

b. LIFO:

c. Weighted Average

13)

The following table shows annual rates for various types of loans in 2015. Assume monthly payments and compounding periods. HINT [See Examples 5 and 7.]

You currently owe $9000 on your credit card, which charges interest at the October 2015 rate. What is the least you need to pay per month to pay off the card in 5 years? (Round your answer to the nearest cent.)

$

Pacific Ink had beginning work-in-process inventory of $754,960 on October 1. Of this amount, $309,920 was the cost of direct materials and $445,040 was the cost of conversion.The 53,000 units in the beginning inventory were 25 percent complete with respect to both direct materials and conversion costs.

During October, 112,000 units were transferred out and 35,000 remained in ending inventory.The units in ending inventory were 75 percent complete with respect to direct materials and 35 percent complete with respect to conversion costs. Costs incurred during the period amounted to $2,687,500 for direct materials and $3,429,900 for conversion.

Required:

(1) Compute the equivalent units for the materials and conversion cost calculations.

(2) Compute the cost per equivalent unit for direct materials and for conversion costs using the FIFO method.

1- a restaurant made cash sales of $4,000 subject to a 5% sales tax. record the sales and the related tax. also record the payment of the tax to the state.

on october 1, 2014, rhodes company purchased equipment at a cost of $10,000.00, signing a nine-month 8% note payable for that amount. record the october 1 purchase and the adjusting entry needed on december 31, 2014. record the entry for the payment of the note plus interest at maturity on july 1, 2015.

2- closing entries using T-account

please do 1 and 2

Pacific Ink had beginning work-in-process inventory of $802,560 on October 1. Of this amount, $335,200 was the cost of direct materials and $467,360 was the cost of conversion.The 59,000 units in the beginning inventory were 25 percent complete with respect to both direct materials and conversion costs.

During October, 124,000 units were transferred out and 41,000 remained in ending inventory.The units in ending inventory were 75 percent complete with respect to direct materials and 35 percent complete with respect to conversion costs. Costs incurred during the period amounted to $3,094,000 for direct materials and $3,893,400 for conversion.

a-1. Compute the cost of goods transferred out and the cost of ending inventory using the FIFO method. (Round intermediate calculations to 2 decimal places.)
COST OF GOODS TRANSFERRED OUT ????????
COST OF ENDING INVENTORY ????????????

Sani, a graduate from Universiti Putra Malaysia, started the Merchandise Company with RM50,000 cash on January 2019. Below are the one month transactions of his company.

1/1 Bought goods from A & Co. for RM10,000 cash.

2/1 Bought Goods for Cash 5,000

3/1 Bought Goods from B & Co. for cash 6,000

4/1 Purchased Goods from C & Co. on credit 8,000

4/1 Brought in RM60,000 Cash to business

5/1 Sold goods worth 8,000 to P

5/1 Bought furniture from Modern Furniture for 10,000

5/1 Purchased goods for cash 15,000

6/1 Purchased goods from B. Sen & Co for 30,000

6/1 Opened a bank account by depositing 16,000

6/1 Sold goods to Zahir Khan for 10,000

6/1 Bought machinery for 6,000 and payment made by cheque

6/1 Payment to B.Sen & Co by cheque 5,000

6/1 Interest paid through cheque 2,000

6/1 Sold goods for cash 10,000

7/1 Cash sales for 6,000

7/1 Sold goods to Q for cash 4,000

8/1 Sold goods to R on credit 8,000

10/1 Returned goods to A & Co. 2,000

15/1 Goods returned from P 1,000

15/1 Goods returned by Zahir Khan for 2,000

15/1 Withdrew from bank for personal use 3,000

18/1 Goods taken by the proprietor for personal use 1,000

19/1 Withdrew from bank for office expenses 10,000

20/1 Cheque received from Zahir Khan 5,000

20/1 Commission received by cheque 5,000

20/1 Bought furniture 10,000

25/1 Purchased machinery for cash 25,000

26/1 Bought computer from Intel & Co. 30,000

27/1 Cash sales 5,000

29/1 Cash purchases 6,000

30/1 Paid electricity bill for 100

31/1 Paid Salaries by Cheque RM7,000

31/1 Closing Stocks is valued using FIFO method worth RM30,000.

Required:

A. Record all transactions in appropriate journals.

B. Post all transactions to the appropriate T-accounts based on the journal prepared.

C. Prepare general ledger based on the journal prepared.

D. Transfer all the closing balance to Trial Balance (title, date, debit column, credit column, total amount in RM)

E. Prepare Statement of Financial Position and Statement of Profit or Loss based on the trial balance constructed.

Rios Financial Co. is a regional insurance company that began operations on January 1, Year 1. The following transactions relate to trading securities acquired by Rios Financial Co., which has a fiscal year ending on December 31:

Record these transactions on page 10:

Record these transactions on page 11:

3. How are unrealized gains or losses on trading investments presented in the financial statements of Rios Financial Co.?

Unrealized gains or losses on trading investments are reported on the

For Year 1, Rios Financial Co. would have reported an

For Year 2, Rios Financial Co. would have reported an

If unrealized gains and losses were significant for Rios Financial, then they would be

What was possible economic origin(s) of the infanticide in pre-industrial times? As a related practice, abortion is still prevalent in contemporary world. Taking China as an example, the abortion has led to a rising sex ratio from the early 1980s. Discuss the primary reason(s) behind the prevalence of abortion in post-1980 China.