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Please help with these questions, thank you in advance! Q1 Q2 Q3 Given the following cata. what is the gross profit as determined under the
Please help with these questions, thank you in advance!
Given the following cata. what is the gross profit as determined under the FIFO method if Sally Beauty Supply LLC soll 150 bottles of shampoo for $16 per bottle? Information Number of Unit Cost Units Beginning Inventory on 1/1 $8 Inventory Purchases on 1/5 50 150 $10 Fill in the blank with your calculated number. DO NOT include commas. S signs, period. decimal points, etc., just enter the raw number. Webcourses will add commas to your answer automatically. For example, if you calculated the answer to be $24.123, you would only input: 24123 Sally Beauty Supply LLC purchased land and a building for $6.000.000 on 1/1. The estimated fair market values of the land and building are $2,000,000 and $8,000,000, respectively. What amount should Sally Beauty Supply LLC record in the building account on 1/17 Fill in the blank with your calculated number, DO NOT include commas; $signs, period, decimal points, etc. Just enter the raw number Webcourses will add commas to your answer automatically. For example. If you calculated the answer to be $24.123. you would only input: 24123 Orlando Vespa would record the following journal entries (debits and credits) to recognize the revenue and reduce their inventory when they sell a Vespa Sprint 1505 scooter for cash-hint remember the step" (Select ALL that apply Credit Cash Debit to Inventory Debit Cash Credit Deferred Revenue Debit Revenue Credit Cost of Goods Sold Debit Deferred Revenue Debit Cost of Goods Sold Credit Inventory Credit Revenue Q1
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