Skysong Company manufactures many products for use in the wine industry Presented below is information concerning one of its products, the Orbit. Date Transaction Quantity Price/Cost 1/1 Beginning inventory 1,600 $29 3/6 Sale 1,000 49 6/26 Purchase 3,500 31 8/2 Purchase 2000 32 10/31 Sale 4,000 51 Compute cost of goods sold, assuming Skysong uses: (Round average cost per unit to 2 decimal places, eg. 2.76 and final answers to O decimal places, e s. 6,548) (a) Periodic system, FIFO cost flow (b) Perpetual system, FIFO cost flow (c) Periodic system, LIFO cost flow (d) Perpetual system, LIFO cost flow (el Periodic system, average-cost flow 5 5 Cost of goods sold

Compare the Mutually Exclusive Alternatives, based on IRR?

But why? for number 3

Zina Manufacturing Company started and completed Job 501 in December with the following Job Cost Sheet and transferred it to the warehouse. Direct Materials Date Dec 17 Dec 30 Total Direct Labor Amount Date Amount $2,000 Dec 20 $4,000 8,000 Dec 30 3,800 Total Job Cost Sheet - Job No. 501 Total Cost The journal entry to record the transaction is A) WIP Inventory FG Inventory B) Cost of Goods Sold WIP Inventory C) FG Inventory WIP Inventory D) FG Inventory WIP Inventory Debit Credit 35,800 17,800 17,800 Manufacturing Overhead Date Amount Dec 24 $10,000 Dec 30 8,000 Total 35,800 35,800 17,800 17,800 35,800