Maxwell company uses the FIFO method to assign costs to inventory and cost of goods sold. The company uses a periodic inventory system. Consider the following information. Date Description # of units Cost per unitJanuary 1 Beginning inventory 230 $4June 2 Purchase 85 $3 November 5 Sales 255 What amounts would be reported as cost of goods sold and ending inventory balances for the year?A. Cost of goods sold $1, 020; Ending inventory $160.B. Cost of goods sold $1, 095; Ending inventory $210.C. Cost of goods sold $935; Ending inventory $240.D. Cost of goods sold $995; Ending inventory $180.

Aceramics manufacturer sold cups last year for $7.50 each. variable costs of manufacturing were $2.25 per unit. the company needed to sell 20,000 cups to break even. net income was $5,040. this year, the company expects the price per cup to be $9.00; variable manufacturing costs to increase 33.3%; and fixed costs to increase 10%. how many cups (rounded) does the company need to sell this year to break even?

Northington, inc. is preparing the company's statement of cash flows for the fiscal year just ended. using the following information, determine the amount of cash flows from operating activities using the indirect method: net income$182,000gain on the sale of equipment12,300proceeds from the sale of equipment92,300depreciation expense—equipment50,000payment of bonds at maturity100,000purchase of land200,000issuance of common stock300,000increase in merchandise inventory35,400decrease in accounts receivable28,800increase in accounts payable23,700payment of cash dividends32,000 $189,400.$332,200.$236,800.$261,400.$186,800.

Which of the following has the largest impact on opportunity cost