RJ Corporation has provided the following information about one of its inventory items: Date Transaction Number of Units Cost per Unit
1/1 Beginning Inventory 400 $ 3,200
6/6 Purchase 800 $ 3,600
9/10 Purchase 1,200 $ 4,000
11/15 Purchase 800 $ 4,200
During the year, RJ sold 3,000 units. What was ending inventory using the LIFO cost flow assumption under a periodic inventory system?
a. $11,590,000
b. $11,680,000
c. $11,550,000.
d. $11,480,000

Listed below are several transactions that took place during the first two years of operations for the law firm of pete, pete, and roy.year 1 year 2amounts billed to clients for services rendered $ 170,000 $ 220,000 cash collected from clients 160,000 190,000 cash disbursements salaries paid to employees for services rendered during the year 90,000 100,000 utilities 30,000 40,000 purchase of insurance policy 60,000 0 in addition, you learn that the company incurred utility costs of $35,000 in year 1, that there were no liabilities at the end of year 2, no anticipated bad debts on receivables, and that the insurance policy covers a three-year period.required: 1. & 3. calculate the net operating cash flow for years 1 and 2 and determine the amount of receivables from clients that the company would show in its year 1 and year 2 balance sheets prepared according to the accrual accounting model.2. prepare an income statement for each year according to the accrual accounting model.