Effie Company uses a periodic inventory system. Details for…

Effie Company uses a periodic inventory system. Details for the inventory account for the month of January, 2015 are as follows:                                                                        Units                 Per unit price           Total Balance, 1/1/15                                             200                          $5.00              $1,000 Purchase, 1/15/15                                        100                            5.30                    530 Purchase, 1/28/15                                        100                            5.50                    550   An end of the month (1/31/15) inventory showed that 160 units were on hand. How many units did the company sell during January, 2015?

On January 1, 2015, Smith Corporation issued $5,000,000, 10-…

On January 1, 2015, Smith Corporation issued $5,000,000, 10-year, 8% bonds at 102. Interest is payable annually on January 1. The journal entry to record this transaction on January 1, 2015 is a.  Cash…………………………………………………………………………… 5,000,000                Bonds Payable…………………………………………………….                        5,000,000   b.  Cash…………………………………………………………………………… 5,100,000                Bonds Payable…………………………………………………….                        5,100,000   c.  Premium on Bonds Payable………………………………………….. 100,000       Cash…………………………………………………………………………..5,000,000                Bonds Payable…………………………………………………….                        5,100,000   d.  Cash…………………………………………………………………………… 5,100,000                Bonds Payable…………………………………………………….                        5,000,000                Premium on Bonds Payable…………………………………..                           100,000

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: