2) Assume in each case that the selling expenses are $ 8 per unit and that the normal profit is $ 5 per unit. Calculate the limits for each case. Then enter the amount that should be used for lower of cost or market
3) Purchased merchandise costing $ 2,500 with terms 2 / 10, n / 30.
a) Inventory =???
b)
Payment was made thirty days after the purchase
4) A machine cost $ 221,400, has annual depreciation expense of $ 44,280, and has accumulated depreciation of $ 110,700 on December