In its first month of operations, blue spruce corp. made three purchases of merchandise in the following sequence: (1) 200 units at $5, (2) 600 units at $6, and (3) 145 units at $7. assuming there are 290 units on hand, compute the cost of the ending inventory under the (a) fifo method and (b) lifo method. blue spruce uses a periodic inventory system.

For each example identify the most appropriate ctso

Jackson is preparing for his hearing before the federal communications commission (fcc) involving a complaint that was filed against him by the fcc regarding the interruption of radio frequency. the order to "cease and desist" using the radio frequency has had a detrimental impact on his business. once the administrative law judge prepares his or her initial order, jackson has no further options. no, jackson can request that the matter be reviewed by an agency board or commission. yes, once the initial order is presented, it's only a matter of time before the order becomes final.

mary's baskets company expects to manufacture and sell 30,000 baskets in 2019 for $5 each. there are 4,000 baskets in beginning finished goods inventory with target ending inventory of 4,000 baskets. the company keeps no work-in-process inventory. what amount of sales revenue will be reported on the 2019 budgeted income statement?