Beginning inventory, purchases, and sales data for prepaid cell phones for May are as follows: Inventory Purchases Sales
May 1 2,800 units at $34 May 10 1,400 units at $36 May 12 1,960 units
May 20 1,260 units at $38 May 14 1,680 units May 31 840 units

Required:
Assume that the business maintains a perpetual inventory system, costing by the first-in, first-out method. Determine the cost of merchandise sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated above.

Which of the following is the least effective way to reach a potential sales prospect? referral cold call direct mail personal visit

Which of the following is an example of formal management controls? answers: a firm's culturethe willingness of employees to monitor each otherbudgeting and reporting activitiesmanagerial motivation

Aaron corporation, which has only one product, has provided the following data concerning its most recent month of operations: selling price $ 102 units in beginning inventory 0 units produced 4,900 units sold 4,260 units in ending inventory 640 variable costs per unit: direct materials $ 20 direct labor $ 41 variable manufacturing overhead $ 5 variable selling and administrative expense $ 4 fixed costs: fixed manufacturing overhead $ 64,200 fixed selling and administrative expense $ 2,900 the total contribution margin for the month under variable costing is: