Beginning inventory, purchases, and sales of a commodity are presented below: Inventory: July 1 15 units at $55
Sold: July 6 10 units at $57
Purchased: July 9 30 units at $60
Sold: July 12 30 units at $58
Purchased: July 18 50 units at $65
Sold: July 22 40 units at $59
Assuming that the perpetual inventory system is used, determine the Total Cost of the Goods Sold and the Total Cost of the Ending Inventory using a) FIFO b) LIFO c) Weighted Average, d) Specific Identification that show cost of goods sold consists of 10 units from July 1 inventory, 25 units from July 9 inventory and 45 units from July 18 inventory.

Which of the following accurately describes one way that individual goods differ from public goods? a. people can be excluded from using individual goods if they don't pay. b. all individual goods are normal goods. c. demand for individual goods is always inelastic. d. consumer rivalry results in decreasing marginal utility for individual goods.2b2t

Goods and services that can be used for the same purpose are and goods and services that are used together are

Depreciation on the company's equipment for 2017 is computed to be $18,000.the prepaid insurance account had a $6,000 debit balance at december 31, 2017, before adjusting for the costs of any expired coverage. an analysis of the company's insurance policies showed that $1,100 of unexpired insurance coverage remains.the office supplies account had a $700 debit balance on december 31, 2016; and $3,480 of office supplies were purchased during the year. the december 31, 2017, physical count showed $300 of supplies available.two-thirds of the work related to $15,000 of cash received in advance was performed this period.the prepaid insurance account had a $6,800 debit balance at december 31, 2017, before adjusting for the costs of any expired coverage. an analysis of insurance policies showed that $5,800 of coverage had expired.wage expenses of $3,200 have been incurred but are not paid as of december 31, 2017.