Ferris company began 2018 with 7,000 units of its principal product. the cost of each unit is $9. merchandise transactions for the month of january 2018 are as follows: purchases date of purchase units unit cost* total cost jan. 10 6,000 $ 10 $ 60,000 jan. 18 7,000 11 77,000 totals 13,000 137,000 *includes purchase price and cost of freight. sales date of sale units jan. 5 3,000 jan. 12 1,000 jan. 20 4,000 total 8,000 12,000 units were on hand at the end of the month. required: calculate january's ending inventory and cost of goods sold for the month using each of the following alternatives: 1. fifo, periodic system. 2. lifo, periodic system. 3. lifo, perpetual system. 4. average cost, periodic system. 5. average cost, perpetual system.

Ashare stock is a small piece of ownership in a company ture or false

Assume that the following conditions exist: a. all banks are fully loaned up- there are no excess reserves, and desired excess reserves are always zero. b. the money multiplier is 5 .     c. the planned investment schedule is such that at a 4 percent rate of interest, investment =$1450 billion. at 5 percent, investment is $1420 billion. d. the investment multiplier is 3 . e.. the initial equilibrium level of real gdp is $12 trillion. f. the equilibrium rate of interest is 4 percent now the fed engages in contractionary monetary policy. it sells $1 billion worth of bonds, which reduces the money supply, which in turn raises the market rate of interest by 1 percentage point. calculate the decrease in money supply after fed's sale of bonds: $nothing billion.

Sye chase started and operated a small family architectural firm in 2016. the firm was affected by two events: (1) chase provided $25,000 of services on account, and (2) he purchased $2,800 of supplies on account. there were $250 of supplies on hand as of december 31, 2016. record the two transactions in the accounts. record the required year-end adjusting entry to reflect the use of supplies and the required closing entries. post the entries in the t-accounts and prepare a post-closing trial balance.