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A company had the following purchases and sales during its first year of operations:   Beginning Inventory Purchases Sales 80 units at $30 March: 135 units at $32 105 units April: 115 units at $34 100 units August 110 units at $40 140 units December: 90 units at $38 155 units  On December 31, there were 30 units remaining in ending inventory.  (Assume all sales were made on the last day of the month.) Using the perpetual FIFO inventory costing method, what is the value of cost of goods sold? Using the perpetual FIFO inventory costing method, what is the value of ending inventory? You must show your work to receive credit, but you do not have to create tables or an inventory record. Showing the math calculations is sufficient. 

Answer each question thoroughly. Be sure to label each question.  In general, what accounts are affected by adjusting entries? (2 points) Why are adjusting entries important? (2 points) What are the types of adjusting entries? (4 points) Give an example of one type of adjusting entry; you must provide the transaction and journal entry. (5 points)  

Complete the following statement: In Charles’s law, the volume of a gas ________ when the ________ decreases.  

Which measurement describes the pressure of a gas?  

A temperature of 125 °C is the same as ________.    

How many moles of water, O, are present in 75.0 g O?  

The unit of 1 atmosphere used to describe the pressure of a gas is equal to ________.  

The reaction of carbon with oxygen to produce carbon monoxide is an example of which class of reaction?           

The following reaction takes place when an electric current is passed through water.  It is an example of a ________ reaction.             

The pressure of 5.0 L of gas increases from 1.50 atm to 1240 mmHg. What is the final volume of the gas, assuming constant temperature?