question 9 - 11

QUESTION 9 3.11 On January 1, 2016 Oxford Company had 3.500 units in Inventory at a cost of 89 per unit. During 2016 Oxford company purchased 3.000 units (1. the first units purchased during the year) at a cost of $9.50 per unit, 2.000 units (Lot 2) at a cost of $10.50 per unit and 2,500 units (Lot 83) at a cost of Sio per unit. The company sold 6.700 units during 2016 sales price of $12.25 per unit. If Oxford Company uses a periodic Inventory system and the weighted average cost method, then what is the company's cost of goods sold for 2016? a $23.575 b. 583.000 OC $83.836 d. 585.300 QUESTION 10 3.3 An investor worried about a company's long-term solvency would most likely examine its a. current ratio O b.return on equity c. debt-to-equity ratio 27 QUESTION 11 The three major classifications of activities in a cash flow statementare: a. Inflows, outflows, and net flows. ob.operating investing and financing oc. revenues, expenses, and net income