Davidson electronics has the following: units unit cost inventory, jan. 1 5,000 $ 8 purchase, april 2 15,000 10 purchase, aug. 28 20,000 12 if davidson has 7,000 units on hand at december 31, how much is the cost of ending inventory under the average-cost method in a periodic inventory system

On april 1, santa fe, inc. paid griffith publishing company $2,448 for 36-month subscriptions to several different magazines. santa fe debited the prepayment to a prepaid subscriptions account, and the subscriptions started immediately. what amount should appear in the prepaid subscription account for santa fe, inc. after adjustments on december 31 of the first year assuming the company is using a calendar-year reporting period and no previous adjustment has been made?