Orion iron corp. tracks the number of units purchased and sold throughout each year but applies its inventory costing method at the end of the year, as if it uses a periodic inventory system. assume its accounting records provided the following information at the end of the annual accounting period, december 31, 2012. transactions units unit cost a. inventory, december 31, 2011 500 $ 10 for the year 2012: b. purchase, april 11 800 8 c. purchase, june 1 700 12 d. sale, may 1 (sold for $38 per unit) 500 e. sale, july 3 (sold for $38 per unit) 520 f. operating expenses (excluding income tax expense), $19,000 required: 1. calculate the number and cost of goods available for sale. 2. calculate the number of units in ending inventory. 3. compute the cost of ending inventory and cost of goods sold under (a) fifo, (b) lifo, and (c) weighted average cost. (do not round intermediate calculations. round your final answers to the nearest dollar amount.) 4. prepare an income statement that shows 2012 amounts under the fifo method, lifo method and weighted average method. 6. which inventory costing method may be preferred by orion iron corp. for income tax purposes? fifo lifo weighted average ebook & resources

What is the main role of ctsos at the local level? at the local level, the main role of ctsos is to encourage students to become urge them to programs and competitive events.1. a. internsb. traineesc. members2.a. participateb. trainc. win

Jamie lee is reviewing her finances one month later. she has provided the actual amounts paid below. use the cash budget table below to her identify the variances in her budget. each answer must have a value for the assignment to be complete. enter "0" for any unused categories. actual amounts income: monthly expenses: gross monthly salary $2,315 rent obligation $260 net monthly salary $1,740 utilities/electricity $130 savings allocation: utilities/water $10 regular savings $130 utilities/cable tv $155 rainy-day savings $20 food $160 entertainment: gas/maintenance $205 cake decorating class $90 credit card payment $25 movies with friends $50 car insurance $75 clothing $145 budgeted amounts assets: monthly expenses: checking account $1,850 rent obligation $225 emergency fund savings account $4,300 utilities/electricity $75 car $5,200 utilities/water $35 computer & ipad $1,100 utilities/cable tv $120 liabilities: food $115 student loan $6,600 gas/maintenance $95 credit card balance $1,000 credit card payment $45 income: car insurance $45 gross monthly salary $2,155 clothing $45 net monthly salary $1,580 entertainment: savings allocation: cake decorating class $90 regular savings $130 movies with friends $50 rainy day savings $20

Prepare beneish corporation's income statement and statement of stockholders' equity for year-end december 31, and its balance sheet as of december 31. there were no stock issuances or repurchases during the year. (do not use negative signs with your answers unless otherwise noted.)