Inventory records for marvin company revealed the following: date transaction number of units unit cost mar. 1 beginning inventory 1,000 $7.20 mar. 10 purchase 600 7.25 mar. 16 purchase 800 7.30 mar. 23 purchase 600 7.35 marvin sold 2,300 units of inventory during the month. cost of goods sold assuming weighted-average cost would be (round weighted-average unit cost to four decimals and final answer to the nearest whole dollar):

Which of the following is an example of a production quota? a. the government sets an upper limit on the quantity that each dairy farmer can produce. b. the government sets a price floor in the market for dairy products. c. the government sets a lower limit on the quantity that each dairy farmer can produce. d. the government guarantees to buy a specified quantity of dairy products from farmers.

Below are the steps in the measurement process of external transactions. arrange them from first (1) to last (6). event step post transactions to the general ledger. assess whether the transaction results in a debit or credit to account balances. use source documents to identify accounts affected by an external transaction. analyze the impact of the transaction on the accounting equation. prepare a trial balance. record the transaction in a journal using debits and credits.

It is most important to account for factors like warranties and durability when purchasing durable goods or very expensive items