Compute the cost of goods sold for the month
Smalley, Inc., purchased items of inventory as follows: Jan. 4 100 units @ $2.00 Jan. 23 120 units @ $2.25 Smalley sold 50 units on January 28. Compute the cost of goods sold for the month under the FIFO inventory method.
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A bookkeeper prepared the year-end financial statements of Giftwrap, Inc. The income statement showed net income of $3,900, and the balance sheet showed beginning retained earnings of $39,200.
An elevator (cabin mass 530 kg) is designed for a maximum load of 3300 kg, and to reach a velocity of 3.5 m/s in 3 s. For this scenario, what is the tension the elevator rope has to withstand?
DeNise Co. has five employees, each of whom earns $3,000 per month and has been employed since January 1. FICA Social Security taxes are 6.2% of the first $106,800 paid to each employee, and FICA Medicare taxes are 1.45% of gross pay.
The skier's mass is 56.5 kg, and the coefficient of kinetic friction between the skis and the snow is 0.112. Calculate the magnitude of the force that the tow bar exerts on the skier.
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Wasson Company purchased items of inventory as follows: Dec. 2 50 units @ $20 Dec. 12 12 units @ $21 Wasson sold 15 units on December 20. Determine the cost of goods sold for the month under the LIFO inventory method.
Assuming a coordinate system where +y is up, calculate the y-component of the acceleration ay. ay can either be positive or negative depending on the direction of the acceleration.
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