I need the answer please!!?
The following information is available for APC Corporation for the year ended
December 31, 2015: Sales $700,000; operating expenses BD 150,000; cost of
goods sold BD 300,000.(10 marks)
Cash at the beginning of the year is BD40,000
Cash at the end of the year is BD425,000
The company purchased machine worth of BD 5,000
The company issued stock worth of BD 60,000
The company taken bank loan of BD10,000
The company sold its building worth of BD 100,000
preferred stock dividend BD 30000
2- Evaluate policies and procedures used by managers to protect the company’s assets.( 5marks)
3-1- AMADO Company has the following inventory, purchases, and sales data for the month of May.
Beginning Inventory:July 1 100 units @ $2 $200
Purchases: July 10 40 units @ $3 120
July 20 100 units @ $5 500
Sales:July 12 80 units
July 27 30 units
Under a periodic inventory system, determine the cost of good sold & ending inventory cost at May 31 under (a) FIFO and (b) average-cost.
- Anonymous3 weeks agoFavourite answer
Nope, not doing your homework for you.