Nick’s Place recorded the following data:                   …

Nick’s Place recorded the following data:                                                           Units                                  Date                Received         Sold     On Hand             Unit Cost 1/1 Inventory                                             600              $2.50 1/8 Purchased     1,000                          1,600                 3.00 1/12 Sold                               1,200          400   The weighted average unit cost of the inventory at January 31 is:

Partridge Bookstore had 500 units on hand at January 1, cost…

Partridge Bookstore had 500 units on hand at January 1, costing $9 each. Purchases and sales during the month of January were as follows: Date                                        Purchases                               Sales Jan.    14                                                                             375 @ $14            17                                250 @ $10            25                                250 @ $11            29                                                                             260 @ $16   Partridge does not maintain perpetual inventory records. According to a physical count, 365 units were on hand at January 31.   The cost of the inventory at January 31, under the LIFO method is:

Tucson Belt Supplier (TBS) specializes in handmade high-qual…

Tucson Belt Supplier (TBS) specializes in handmade high-quality leather belts. TBS sells two products: an everyday working belt and a rodeo belt adorned with ornamental beads, metals, stones, or jewels along with an oversized belt buckle and custom stitching. Vista del Rio Rodeo Club, a local collective of rodeo enthusiasts, is looking to purchase new rodeo belts for their upcoming season. Vista has submitted an offer to TBS to purchase 24 rodeo belts for $100 each as a proposed quantity discount since typical retail is $125. Additional information is detailed below: Part III. Question 5: Based on the quantitative information provided, should TBS accept this special order?   Select one answer.

(This is an example of that long worksheet you had to do for…

(This is an example of that long worksheet you had to do for your homework problem. How did I show you to balance  the final totals to determine the worksheet?) Hint: Keep in mind your final amount of Revenues vs Expenses and Assets vs Liability The income statement and balance sheet columns of Iron and Wine Company’s worksheet reflect the following totals:                                                                                                                                                                                                           Income Statement                            Balance Sheet                                                                 Dr.                    Cr.                          Dr.                    Cr.                            Totals                   $72,000           $44,000                 $60,000           $88,000   The net income (or loss) for the period is