The term LCM refers to: a. the process companies use to ensure they are always purchasing lowest cost items. b. a rule which requires a company to adjust the cost of its inventory when the market price decreases below the cost. c. the adjustment a company makes for inventory lost or stolen. d. the repeated calculations necessary to properly record LIFO costs.

Schuepfer inc. bases its selling and administrative expense budget on budgeted unit sales. the sales budget shows 1,800 units are planned to be sold in march. the variable selling and administrative expense is $4.30 per unit. the budgeted fixed selling and administrative expense is $35,620 per month, which includes depreciation of $2,700 per month. the remainder of the fixed selling and administrative expense represents current cash flows. the cash disbursements for selling and administrative expenses on the march selling and administrative expense budget should be:

Estimate the prouduct sovle using an area modelestimate the product you solve using an area model and the standard algorithm. remeber to express your products in the standard form

Can someone me with general journal entry on this? ?