Perpetual Inventory System "The perpetual inventory system is best suited for the sort of enterprises that usually keep a high inventory and have a high turnover. It is also well suited for the type of industries where there isn’t much processing to do‚ so the inventory exists at only one level (for sale) rather than at three levels (raw materials‚ work in progress and for sale). It is well suited for the fact that inventory checking is an important part of the operations of this industry
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Music has been around the world since the beginning of entertainment. Music has popular since the 1960s. During the 1960s’‚ music has changed from classical music to modern pop and rock from the artists such as The Beatles and The Rolling Stones. Also‚ in the ‘60s‚ they were containing songs that were use to protest. For example‚ Soul singer Sam Cooke wrote “A Change Is Gonna Come” and Bob Dylan wrote “Blowin’ in the Wind”. Both songs are responses to racism during the Civil Rights Movements. Also
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1 . Under a perpetual inventory system ‚ when a shortage is discovered __________ d . Merchandise Inventory is credited 2 . The inventory data for an item for November are : Nov . 1 Inventory 20 units at 20 4 Sold 10 units 10 Purchased 30 units at 21 17 Sold 20 units 30 Purchased 10 units at 22 Using the perpetual system ‚ costing by the last-in ‚ first-out method what is the cost of the merchandise sold for November d 610 3 . The inventory data for an item for November
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QUESTION 1. Alpha Corporation is a merchandising company that sells computer parts. Alpha Corporation uses a perpetual inventory system. The following transactions were completed by the company during June 2010: June 7 Purchased 25 Ergonomia monitors from Office Shop on account at a unit cost of $200. June 9 Sold 6 Ergonomia monitors to Computer World Inc. on account for $350 each. June 11 Sold 10 Ergonomia monitors to Best Corporation for $3‚200 cash. June 15 Purchased 20 Ergonomia
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PA-5B A 25th Century Electronic Center began December with 94 units of inventory that cost $72 each. During December‚ the store made the following purchases: 12/3: 20 @ 77 12/12: 52 @ 79 12/18: 79 @ 82 25th Century uses the periodic inventory system‚ and the physical count at December 31 indicates that 112 units of inventory are on hand. Requirements: 1. Determine the ending inventory and cost-of-goods-sold amounts for the December financial statements under the average cost‚ FIFO‚ and LIFO
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Why is soccer so popular? Many people in the U.S. often ask: “why soccer is so boring? Some time they can’t even score!” In my person opinion‚ I do not think soccer is boring; in fact‚ it is really fun to play‚ soccer or football as it is known throughout the world‚ is the most popular sport in the world‚ and also requires a huge amount of skills. It creates fanatical fans‚ and throws the world’s biggest sporting tournament‚ the World Cup; The World Cup is the most widely-viewed sporting event
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“The history of poker is thought to have evolved over more than ten centuries from various games‚ all involving the basic principles of ranked card or domino combinations and the use of “bluffing” to deceive
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American Literature Research Paper Spring Semester 2012 Soccer is the most popular sport in the world. The first set of soccer rules were created in London‚ England in 1863‚ but the sport was played long before that‚ for recreation. Bill Shankly a Scottish soccer player once said‚ “Some people believe soccer is a matter of life and death...it is much‚ much more important than that.” Shankly’s quote is the general feeling throughout the world about the game of soccer. Saying soccer is a game
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In these articles many people believe that haunted houses are a part of why halloween is so popular. Over 1‚200 professional haunted houses are being operated and 300 theme parks as well. Many of these haunted houses are very popular because people just like a good scare and it’s fun‚ it has been a tradition for a long time‚ and haunted houses make a lot of money. To begin‚ many people like a good scare. The people pay good money to be scared‚ they like the thrill of the clowns and scary people
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Like most young guys I like movies very much. Movies in English are an effective tool for learning English. I remember when I went to New Oriental to study English I always worried about my poor listening skill. Then I accepted a teacher’s advice and started to watch some English movies. I can learn some useful words and expressions from them. Gradually I found that English is not so difficult to understand and it became more and more interesting to me. Now I can say movies not only improve my listening
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