Concord industries purchased $9,100 of merchandise on february 1, 2020, subject to a trade discount of 10% and with credit terms of 3/15, n/60. it returned $2,900 (gross price before trade or cash discount) on february 4. the invoice was paid on february 13.assuming that cruise uses the perpetual method for recording merchandise transactions, record the purchase, return, and payment using the gross method.

At which level will a manager use analytics to make decisions? operational level managerial level strategic level all of the above

Which one of the following is a characteristic of a jit partnership? a. frequent deliveries in large lot quantities b. removal of incoming inspection c. third-party logistics never used d. maximal product specifications imposed on supplier e. active pursuit of vertical integration

Elliott company produces large quantities of a standardized product. the following information is available for its production activities for march. units costs beginning work in process inventory 2,500 beginning work in process inventory started 25,000 direct materials $ 3,725 ending work in process inventory 5,000 conversion 11,580 $ 15,305 status of ending work in process inventory direct materials added 185,750 materials—percent complete 100 % direct labor added 182,375 conversion—percent complete 30 % overhead applied (140% of direct labor) 255,325 total costs to account for $ 638,755 ending work in process inventory $ 62,530 prepare a process cost summary report for this company, showing costs charged to production, unit cost information, equivalent units of production, cost per eup, and its cost assignment and reconciliation. use the weighted-average method. (round "cost per eup" to 2 decimal places.)