Crosby Company owns a chain of hardware stores throughout the state. The company uses a periodic inventory system and the retail inventory method to estimate ending inventory and cost of goods sold. The following data are available for the three months ending March 31, 2021:

Cost Retail
Beginning inventory $ 340,000 $ 384,000
Net purchases 777,000 1,040,000
Net markups 15,000
Net markdowns 5,000
Net sales 1,005,000

Required:
Estimate the LIFO cost of ending inventory and cost of goods sold for the three months ending March 31, 20121 Assume stable retail prices during the period.

Estimated ending inventory at retail                 $429000

Estimated cost of goods sold                           $699,700

Explanation:

                                                      Cost                Retail

Beginning inventory                $340,000          $384,000

Plus: Net Purchases                $777,000           $1,040,000

Net Markups                                                       $15,000

Less : Net Markdowns                                       ($5,000)

Goods available for sale        

excluding business inventory $777,000          $1,050,000

Cost to retail percentage $777,000 / $1,050,000 = 74%

Goods available for sale         $1,117,000          $1,434,000

Less : Net Sales                                                 ($1,005,000)

Estimated ending inventory at retail                 $429000

Beginning inventory              $340,000           $384,000

Current periods layer            $45000 * 74% = $33,300

Total                                       $385,000            $417,300

Estimated cost of goods sold = $1,117,000 - $417,300

= $699,700

if kj of heat is transferred o 1200 g liquid water at 36'c, what would the new temperature of the water be? (he specific heat capacity of liquid water is 4.186 j/g''c)

a. 15'c

b.100'c

c.51'c

d.36'c