Assume Bargain.com began March with 10 units of inventory that cost a total of $160 During March, Bargain.com purchased and sold goods as Hollows: Mar 8 Purchase 30 units @ $17 14 Sale 25 units @ $34 22 Purchase 20 units @ $19 27 Sale 30 units @ $34 Under the FIFO inventory costing method and the perpetual inventory system, how much is Bargain.com's cost of goods sold for the sale on March 14? O A. $670 O B. $415 OC. $425 OD. $850 1. Discount Banners pays $180,000 cash for a group purchase of land, building, and equipment. At the time of acquisition, the land has a market value of $47,500, the building $114,000, and the equipment $28,500. Journalize the lump-sum purchase First, refer to the information provided and calculate the ratio of each asset's market value to the total for all assets combined. Then, complete the table and calculate the assigned cost for each asset. Percentage of Total Value Assigned Cost of Each Asset Asset Land Building Market Value 47.500 114,000 28,500 190.000 Total Purchase Price 180,000 180.000 180,000 = = = = Equipment Total slipment 180,000 190.000 ow, journalize the lump-sum purchase. (Record a single compound journal entry. Record debits first, then credits. Select the explanation on e last line of the journal entry table.) Date Accounts and Explanation Debit Credit Land Building Equipment Cash To record purchase of the assets with cash. On June 30, 2017, Meggie Services purchased a copy machine for $39,200 Meggie Services expects the machine to last for four years and to have a residual value of $2,000 Compute depreciation expense on the machine for the year ended December 31, 2017 using the straight-line method Begin by selecting the formula to calculate the company's depreciation expense on the machine for the year ended December 31, 2017. Then enter the amounts and calculate the depreciation expense. (Abbreviation used. Acc accumulated Do not round intermediary calculations. Only round the amount you input for straight-line depreciation to the nearest dollar N Straight-line depreciation 0 12) = 12) = W Assume Austin Sound made Net Sales Revenue of 589,000 and Cost of Goods Sold totaled $40,000. What was Austin Sound's gross profit percentage for this period? (Round your answer to the nearest whole percent) O A 22 times OB. 45% OC. 55% OD. 35%