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Disregard the fiest question ! Luna Corporation was established in 2021 . The company authorized 15,000 shares of Preferred Stock; the par value is $100.00
Disregard the fiest question !
Luna Corporation was established in 2021 . The company authorized 15,000 shares of Preferred Stock; the par value is $100.00 per share and 5% cumulative stock. Common stock was authorized at 100,000 shares with a par value of $5.00 per share. Prepare the following transactions in the proper journal entry form. Calculate the number of outstanding shares of Common Stock Luna Company has as of June 30 . Below is the Inventory purchases of Carrigan Corrugated Company. At the end of January, a physical inventory revealed that 1,205 units were sold and the remainder were left as ending inventory. Calculate the Cost of Goods Sold and the ending Inventory balance using the LIFO method. (round all answers using two (2) decimal places) Below is the Inventory purchases of Carrigan Corrugated Company. At the end of January, a physical inventory revealed that 1,205 units were sold and the remainder were left as ending inventory. Calculate the Cost of Goods Sold and the ending Inventory balance using the FIFO method. (round all answers using two (2) decimal places) Below is the Inventory purchases of Carrigan Corrugated Company. At the end of January, a physical inventory revealed that 1,205 units were sold and the remainder were left as ending inventory. Calculate the Cost of Goods Sold and the ending Inventory balance using the Weighted Average method. (round all answers using two (2) decimal places) Step by Step Solution
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