The company sold 1,000 units during june. there were no additional purchases or sales during the remainder of the year. the company had 500 units were in its ending inventory at the end of the year. use the information above to answer the following question. if bailey company uses the fifo costing method, what is the cost of its ending inventory? a. $2,580
b. $1,494
c. $2,290
d. $2,706

For 2018, rahal's auto parts estimates bad debt expense at 1% of credit sales. the company reported accounts receivable and an allowance for uncollectible accounts of $86,500 and $2,100, respectively, at december 31, 2017. during 2018, rahal's credit sales and collections were $404,000 and $408,000, respectively, and $2,340 in accounts receivable were written off.rahal's accounts receivable at december 31, 2018, are:

Frolic corporation has budgeted sales and production over the next quarter as follows. the company has 4100 units of product on hand at july 1. 10% of the next months sales in units should be on hand at the end of each month. october sales are expected to be 72000 units. budgeted sales for september would be: july august september sales in units 41,500 53,500 ? production in units 45,700 53,800 58,150

Why is efficiency an important economic goal?