Pronghorn Corp uses a periodic inventory system. Its records show the following for the month of May, in which 78 units were sold. Date Explanation Units Unit Cost Total Cost
May 1 Inventory 35 $8 $280
15 Purchase 25 9 225
24 Purchase 40 10 400
Total 100 $905

Required:
a. Calculate the weighted-average unit cost.
b. Calculate the ending inventory at May 31 using the FIFO, LIFO and average-cost methods.

Which alternative accounting method allows farmers to record expenses and incomes in the year in which they sell their yield? gaap allows for the method, which permits farmers to subtract the expenses of producing the crop in the year in which they sell the yield and earn the revenue.

Which statement is true about the elements of the interface of a presentation program? a. the status bar appears at the top of the page and displays options to style your slides. b. the tool bar displays the thumbnails of your presentation slides in the order they will appear in the presentation. c. rulers indicate the margins, tabs, and indents in a presentation slide. d. the document area provides a list of commands to create, format, and edit presentations.

Amarket that consists of all possible consumers regardless of their specific needs or wants is a