A company had inventory on November 1 of 5 units at a cost of $18 each. On November 2, they purchased 11 units at $20 each. On November 6 they purchased 7 units at $23 each. On November 8, 11 units were sold for $53 each. Using the LIFO perpetual inventory method, what was the value of the inventory on November 8 after the sale

Vendors provide restaurants with what? o a. cooked items ob. raw materials oc. furniture od. menu recipes

Read the following paragraph, and choose the best revision for one of its sentences.dr. blake is retiring at the end of the month. there will be an unoccupied office upon his departure, and it is big in size. because every other office is occupied, we should convert dr. blake’s office into a lounge. it is absolutely essential that this issue is discussed at the next staff meeting. (a) because every other office is occupied, it’s recommended that we should convert dr. blake’s office into a lounge. (b) because every other office is filled, we should convert dr. blake’s office into a lounge.

Assume the perpetual inventory method is used. 1) the company purchased $12,500 of merchandise on account under terms 2/10, n/30. 2) the company returned $1,200 of merchandise to the supplier before payment was made. 3) the liability was paid within the discount period. 4) all of the merchandise purchased was sold for $18,800 cash. what effect will the return of merchandise to the supplier have on the accounting equation?