Fong Sai-Yuk Company sells one product. Presented below is information for January for Fong Sai-Yuk Company.

Jan. 1 Inventory 103 units at $5 each
Jan 4 Sale 79 units at $8 each
Jan 11 Purchase 148 units at $7 each
Jan 13 Sale 114 units at $9 each
Jan 20 Purchase 164 units at $7 each
Jan 27 Sale 102 units at $10 each
Assume Fong Sai-Yuk uses a periodic system.

Prepare all necessary journal entries, including the end-of-month closing entry to record cost of goods sold. A physical count indicates that the ending inventory for January is 120 units.

Periodic inventory System:

ans.

heterothermic organisms include those organisms that can switch between homeothermic (having body temperature higher than environment) and poikilothermic (having variation in internal body temperature) strategies.

some migratory birds show heterothermy as they decrease their metabolic rate during cold nights to keep their body temperature low. drop in metabolic rate allows increase in production efficiency of birds that reduces the internal body temperature to make it equal to external cold temperature during cold nights.

thus, the correct answer is 'birds allow their temperature drop in order to increase their production efficiency.'

answer; capital structure decision;