Inventory costing methods—periodic method chou sales corporation uses the periodic inventory system. on january 1, 2018, chou had 1,000 units of product a with a unit cost of $20 per unit. a summary of purchases and sales during 2018 follows: unit cost units purchased units sold feb.2 400 apr.6 $22 1,800 july 10 1,600 aug.9 25 800 oct.23 800 dec.30 28 1,400 required assume that chou uses the first-in, first-out method. compute the cost of goods sold for 2018 and the ending inventory balance at december 31, 2018, for product a. assume that chou uses the last-in, first-out method. compute the cost of goods sold for 2018 and the ending inventory balance at december 31, 2018, for product a. assume that chou uses the weighted-average cost method. compute the cost of goods sold for 2018 and the ending inventory balance at december 31, 2018, for product a. do not round until your final answers. round your answers to the nearest dollar. a. first-in, first-out: ending inventory answer 60,600 cost of goods sold answer 59,600 b. last-in, first-out: ending inventory answer 46,400 cost of goods sold answer 73,800 c. weighted average ending inventory answer 52,888 cost of goods sold answer 67,312 d. assuming that chou’s products are perishable items, which of the three inventory costing methods would you choose to: assume this is during a period of rising costs. 1. reflect the likely goods flow through the business

What comprises a list of main points and sub-points of a topic to include in a presentation

Bridgeport company began operations at the beginning of 2018. the following information pertains to this company. 1. pretax financial income for 2018 is $115,000. 2. the tax rate enacted for 2018 and future years is 40%. 3. differences between the 2018 income statement and tax return are listed below: (a) warranty expense accrued for financial reporting purposes amounts to $7,500. warranty deductions per the tax return amount to $2,200. (b) gross profit on construction contracts using the percentage-of-completion method per books amounts to $94,700. gross profit on construction contracts for tax purposes amounts to $67,100. (c) depreciation of property, plant, and equipment for financial reporting purposes amounts to $61,800. depreciation of these assets amounts to $75,700 for the tax return. (d) a $3,600 fine paid for violation of pollution laws was deducted in computing pretax financial income. (e) interest revenue recognized on an investment in tax-exempt municipal bonds amounts to $1,500. 4. taxable income is expected for the next few years. (assume (a) is short-term in nature; assume (b) and (c) are long-term in nature.) (a) prepare the reconciliation schedule for 2017 and future years. (b) prepare the journal entry to record income tax expense for 2017. (c) prepare the income tax expense section of the income statement beginning with “income before income taxes.” (d) determine how the deferred taxes will appear on the balance sheet at the end of 2017.

Zoe would like to be able to save for night courses at the local college. which of these would be a good way for zoe to make more money available for savings without dramatically changing her budget? economía