10.   Harper paid employee wages on and through Friday, Marc…

10.   Harper paid employee wages on and through Friday, March 26, and the next payroll will be paid in April. There are three more working days in March (29–31). Employees work 5 days a week and the company pays $1,200 a day in wages.       What will be the adjusting entry to accrue wages expense at the end of March?

Chpt 6:  Harper Hawk Inc. has the following inventory data:…

Chpt 6:  Harper Hawk Inc. has the following inventory data: Date Accounting Activity Units Unit Price $ Total $ July 1 Beginning inventory 50 $120 $6,000 July 5 Purchases 300 $112 $33,600 Juy14 Sale 200 ? ? July 21 Purchases 150 $115 $17,250 July 30 Sale 140 ? ? Assuming that a periodic inventory system is used, what is the cost of goods sold on a LIFO basis?