Jammer Company uses a perpetual weighted average inventory system and reports the following:

August 2	Purchase	5 units at $9.00 per unit.
August 18	Purchase	7 units at $11.00 per unit.
August 29	Sale	10 units.
August 31	Purchase	10 units at $12.00 per unit.

What is the per-unit value of ending inventory on August 31?

On January 1, Eastern College received $1,320,000 from its students for the spring semester that it recorded in Unearned Tuition and Fees. The term spans four months beginning on January 2 and the college spreads the revenue evenly over the months of the term. Assuming the college prepares adjustments monthly, what amount of tuition revenue should the college recognize on February 28?

The following information is available from the adjusted trial balance of the Harris Vacation Rental Agency. After closing entries are posted, what will be the balance in the Retained earnings account?

Total revenues	$	150,000
Total expenses		72,000
Retained earnings		96,000
Dividends		18,000

A company uses the periodic inventory system and had the following activity during the current monthly period.

November 1:	Beginning inventory	111 Units @ $30
November 5:	Purchased	111 Units @ $22
November 8:	Purchased	61 Units @ $30
November 16:	Sold	170 Units @ $100
November 19:	Purchased	70 Units @ $30

Using the weighted-average inventory method, the company's ending inventory would be:

Use the following information as of December 31 to determine equity. Cash $ 67,000 Buildings 185,000 Equipment 216,000 Liabilities 151,000

A company uses the periodic inventory system and had the following activity during the current monthly period. November 1: Beginning inventory 111 Units @ $30 November 5: Purchased 111 Units @ $22 November 8: Purchased 61 Units @ $30 November 16: Sold 170 Units @ $100 November 19: Purchased 70 Units @ $30 Using the weighted-average inventory method, the company's ending inventory would be:

Strods Company reported the following purchases and sales of its only product. Strods uses a periodic inventory system. Determine the cost assigned to ending inventory using LIFO. Date Activities Units Acquired at Cost Units Sold at Retail May 1 Beginning Inventory 340 units @ $19 5 Purchase 315 units @ $21 10 Sales 235 units @ $29 15 Purchase 195 units @ $22 24 Sales

The following information is available from the adjusted trial balance of the Harris Vacation Rental Agency. After closing entries are posted, what will be the balance in the Retained earnings account? Total revenues $ 150,000 Total expenses 72,000 Retained earnings 96,000 Dividends 18,000