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The Xu Corporation uses a periodic inventory system. The company has a beginning inventory of 950 units at $12 each on January 1. Xu purchases 1,200 units at $11 each in February and 550 units at $13 each in March. There were no additional purchases or sales during the remainder of the year. Xu sells 1,000 units during the quarter. If Xu uses the LIFO method, what is its cost of goods sold
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Miller mfg. is analyzing a proposed project. the company expects to sell 8,000 units, plus or minus 2 percent. the expected variable cost per unit is $11 and the expected fixed costs are $287,000. the fixed and variable cost estimates are considered accurate within a plus or minus 5 percent range. the depreciation expense is $68,000. the tax rate is 32 percent. the sales price is estimated at $64 a unit, plus or minus 3 percent. what is the earnings before interest and taxes under the base case scenario?
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The Xu Corporation uses a periodic inventory system. The company has a beginning inventory of 950 un...
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