Problem 45 zach attended champion university during 2013–2017. he lived at home and was claimed by his parents as a deduction during his entire education. he incurred education expenses of $10,000 during college of which $2,000 was paid for by scholarships. to finance his education, he borrowed $7,000 through a federal student loan program and borrowed another $3,000 from a local lending institution for educational purposes. after graduation, he married and moved with his spouse to a distant city. in 2018 he incurred $700 of interest on the federal loans and $300 on the lending institution loan. he filed a joint return with his spouse showing modified agi of $128,000. what amount of student loan interest can zach and his spouse deduct in 2018, if any?

Problem 8-6 cullumber company is a multi product firm. presented below is information concerning one of its products, the hawkeye. date transaction quantity price/cost 1/1 beginning inventory 2,700 $17 2/4 purchase 3,700 26 2/20 sale 4,200 43 4/2 purchase 4,700 33 11/4 sale 3,900 47 calculate average-cost per unit. (round answer to 4 decimal places, e.g. 2.7613.) average-cost per unit $ link to text compute cost of goods sold, assuming cullumber uses: (round average cost per unit to 4 decimal places, e.g. 2.7631 and final answers to 0 decimal places, e.g. 6,548.) cost of goods sold (a) periodic system, fifo cost flow $ (b) perpetual system, fifo cost flow $ (c) periodic system, lifo cost flow $ (d) perpetual system, lifo cost flow $ (e) periodic system, weighted-average cost flow $ (f) perpetual system, moving-average cost flow $ click if you would like to show work for this question: open show work