Using the following data to complete the table, calculate the cost of goods sold and ending inventory using the first in, first out method.
XYZ Corporation had beginning inventories of 50 widgets at $7 per unit. The company
purchased the following additional widgets and added to its inventory:
Number of
widgets Purchase price Purchase date Total
If the company sold 200 widgets, calculate the cost of goods sold and ending inventory.

Rats that received electric shocks were unlikely to develop ulcers if the

Which one of the following statements is correct? process costing systems use periodic inventory systems. process costing systems assign costs to departments or processes for a time period. companies that produce many different products or services are more likely to use process costing systems. production is continuous when a job-order costing is used to ensure that adequate quantities are on hand.

The blumer company entered into the following transactions during 2012: 1. the company was started with $22,000 of common stock issued to investors for cash. 2. on july 1, the company purchased land that cost $15,500 cash. 3. there were $700 of supplies purchased on account. 4. sales on account amounted to $9,500. 5. cash collections of receivables were $5,500. 6. on october 1, 2012, the company paid $3,600 in advance for a 12-month insurance policy that became effective on october 1. 7. supplies on hand as of december 31, 2010 amounted to $225. the amount of cash flow from investing activities would be: