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Unformatted text preview: 51A$7,000 B$4,200 C$4,000 D$3,500 E$4,500 52For 31, your ending inventory would be: A$4,200 B$4,000 C$8,000 D$3,500 E$4,500 53A$4,200 B$4,000 C$3,500 D$7,000 E$4,500 54A$3,500 B$45,000 C$8,000 D$4,000 E$4,200 55A$909,100 B$45,000 C$1,735,500 D$826,400 E$854,800 56A$30,000.00 B$56,450.00 C$21,776.50 D$18,958.00 E$2,822.50 57Same question as 56 except the bank pays interest at 12% annually.You had a beginning inventory of 100 units purchased at $50 each and on July 1 you purchased 50 more at $60 each. On August 1 you sold 70 at $100 each, Usin FIFO, your cost of goods sold for the year would be:If 31 had been done using LIFO, the cost of goods sold would have beenIf 31 had been done using LIFO, the ending inventory would have beenIf I wanted to have $1,000,000 in two years and the bank paid interest at 10% compounded annually, how much would I need to deposit today?If you wanted to withdraw $ 5,000 per year, starting in one year and contiuing for a total of 6 years and the bank paid interest at 10%, compounded annually, how much would you need to deposit today?A$30,000.00 B$56,450.00 $56,450....
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This note was uploaded on 09/12/2010 for the course ACCT 101 taught by Professor Drkirch during the Spring '10 term at Ohio University Athens.
 Spring '10
 DrKirch

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