LIFO Perpetual Inventory The beginning inventory at Dunne Co. and data on purchases and sales for a three-month period are as follows: Date Transaction Number of Units Per Unit Total Apr. 3 Inventory 54 $ 300 $ 16,200 8 Purchase 108 360 38,880 11 Sale 72 1,000 72,000 30 Sale 45 1,000 45,000 May 8 Purchase 90 400 36,000 10 Sale 54 1,000 54,000 19 Sale 27 1,000 27,000 28 Purchase 90 440 39,600 June 5 Sale 54 1,050 56,700 16 Sale 72 1,050 75,600 21 Purchase 162 480 77,760 28 Sale 81 1,050 85,050
Required:
Record the inventory, purchases, and cost of goods sold data in a perpetual inventory record similar to the one illustrated in Exhibit 4 , using the last-in, first-out method. Under LIFO, if units are in inventory at two different costs, enter the units with the HIGHER unit cost first in the Cost of Goods Sold Unit Cost column and LOWER unit cost first in the Inventory Unit Cost column.

The questions of economics address which of the following ? check all that apply

What is the correct percentage of texas teachers charged with ethics violations each year?

Suppose there are three types of consumers who attend concerts at your university’s performing arts center: students, staff, and faculty. each of these groups has a different willingness to pay for tickets; within each group, willingness to pay is identical. there is a fixed cost of $1,000 to put on a concert, but there are essentially no variable costs. for each concert: i. there are 140 students willing to pay $20. (ii) there are 200 staff members willing to pay $35. (iii) there are 100 faculty members willing to pay $50. a) if the performing arts center can charge only one price, what price should it charge? what are profits at this price? b) if the performing arts center can price discriminate and charge two prices, one for students and another for faculty/staff, what are its profits? c) if the performing arts center can perfectly price discriminate and charge students, staff, and faculty three separate prices, what are its profits?