Beginning inventory, purchases, and sales for item hm46 are as follows:

may 1 inventory 45 units @ $19
9 sale 32 units
13 purchase 43 units @ $22
28 sale 22 units
assuming a perpetual inventory system and using the first-in, first-out (fifo) method, determine (a) the cost of merchandise sold on may 28 and (b) the inventory on may 31.

a. cost of merchandise sold on may 28 $
b. inventory on may 31 $

If jobs have been undercosted due to underallocation of manufacturing overhead, then cost of goods sold (cogs) is too low and which of the following corrections must be made? a. decrease cogs for double the amount of the underallocation b. increase cogs for double the amount of the underallocation c. decrease cogs for the amount of the underallocation d. increase cogs for the amount of the underallocation

What do you think: would it be more profitable to own 200 shares of penny’s pickles or 1 share of exxon? why do you think that?

If a hotel has 100 rooms, and each room takes 25 minutes to clean, how many housekeepers working 8-hour shifts does the hotel need at 50 percent occupancy?