A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 260 units. Ending Inventory at January 31 totals 120 units. Beginning inventory on January 1 Purchase on January 9 Purchase on January 25 Units 230 50 100 Unit Cost $ 2.10 2.30 2.44 Required: Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method Perpetual FIFO Goods purchased Date # of units unit Cost per Cost of Goods Sold # of Cost per Cost of Goods units unit sold Sold Inventory Balance # of units Cost per Inventory unit Balance January 1 January 9 $ 0.00 January 25 January 26 Totals ! Required information [The following information applies to the questions displayed below.) Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On August 31, the company's records show the following selected accounts and amounts for the month of August. $ Cash Accounts receivable Office supplies Land office equipment Accounts payable Common stock 25, 430 Dividends 22,450 Consulting fees earned 5,340 Rent expense 44,080 Salaries expense 20,100 Telephone expenso 10,480 Miscellaneous expensen 102,800 $ 6,080 27,080 9,640 5,680 970 590 Use the above information to prepare an August statement of retained earnings for Help Today, The Retained Earnings account balance at August 1 was $0. Hint: Net income for August is $10,200. HELP TODAY Statement of Retained Earnings 0 $ 0 Jennings Co. has total assets of $429,0 million, Its total liabilities are $112.5 million. Its equity is $316 million Calculate the debt ratio. (Round your answer to 1 decimal place.) Multiple Choice O 38,0% 13.6% 35.5% 15,1% O 26.2%