During 2021, a company sells 310 units of inventory for $91 each. the company has the following inventory purchase transactions for 2021: date transaction number of units unit cost total cost jan. 1 beginning inventory 65 $ 62 $ 4,030 may 5 purchase 168 63 10,584 nov. 3 purchase 186 65 12,090 419 $ 26,704 calculate ending inventory and cost of goods sold for 2021 assuming the company uses fifo.

Ann and jack have been partners for several years. their​ firm, a​ & j tax​ preparation, has been very​ successful, as the pair agree on most​ business-related questions. one​ disagreement, however, concerns the legal form of their business. for the past two​ years, ann has tried to convince jack to incorporate. she believes that there is no downside to incorporating and sees only benefits. jack strongly​ disagrees; he thinks that the business should remain a partnership forever. ​ first, take​ ann's side, and explain the positive side to incorporating the business. ​ next, take​ jack's side, and state the advantages to remaining a partnership. ​ lastly, what information would you want if you were asked to make the decision for ann and​ jack? which of the following statements are the advantages of a partnership compared to a​ corporation? ​(choose all that​ apply.) a. less expensive to organize. b. ownership is readily transferable. c. lower income taxes. d. owners have limited liability. e. long life of firm.