Problem 6-3abridgeport corp. had a beginning inventory of 91 units of product rst at a cost of $7 per unit. during the year, purchases were: feb. 20 603 units at $8 aug. 12 426 units at $10may 5 530 units at $9 dec. 8 104 units at $11bridgeport corp. uses a periodic inventory system. sales totaled 1,400 units. (a) determine the cost of goods available for sale. the cost of goods available for sale $(b) calculate average cost. (round answer to 3 decimal places, e. g. 5.125.)average cost $(c)determine the ending inventory and the cost of goods sold under each of the assumed cost flow methods (fifo, lifo, and average-cost). (round answers to 0 decimal places, e. g. 150.)fifolifoaverage-costthe ending inventory $$$the cost of goods sold $$$

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On september 12, ryan company sold merchandise in the amount of $5,800 to johnson company, with credit terms of 2/10, n/30. the cost of the items sold is $4,000. ryan uses the periodic inventory system and the net method of accounting for sales. on september 14, johnson returns some of the non-defective merchandise, which is restored to inventory. the selling price of the returned merchandise is $500 and the cost of the merchandise returned is $350. the entry or entries that ryan must make on september 14 is (are): multiple choice sales returns and allowances 490 accounts receivable 490 merchandise inventory 350 cost of goods sold 350 sales returns and allowances 490 accounts receivable 490 sales returns and allowances 500 accounts receivable 500 sales returns and allowances 490 accounts receivable 490 merchandise inventory 343 cost of goods sold 343 sales returns and allowances 350 accounts receivable 350

If a firm plans to issue new stock, flotation costs (investment bankers' fees) should not be ignored. there are two approaches to use to account for flotation costs. the first approach is to add the sum of flotation costs for the debt, preferred, and common stock and add them to the initial investment cost. because the investment cost is increased, the project's expected return is reduced so it may not meet the firm's hurdle rate for acceptance of the project. the second approach involves adjusting the cost of common equity as follows: . the difference between the flotation-adjusted cost of equity and the cost of equity calculated without the flotation adjustment represents the flotation cost adjustment. quantitative problem: barton industries expects next year's annual dividend, d1, to be $1.90 and it expects dividends to grow at a constant rate g = 4.3%. the firm's current common stock price, p0, is $22.00. if it needs to issue new common stock, the firm will encounter a 6% flotation cost, f. assume that the cost of equity calculated without the flotation adjustment is 12% and the cost of old common equity is 11.5%. what is the flotation cost adjustment that must be added to its cost of retaine