Beruflich Dokumente
Kultur Dokumente
A.
includes extraordinary gains and losses.
B.
affects earnings per share.
C.
includes unrealized gains and losses on available-for-sale investments.
D.
has no effect on income tax.
Q-2
Use the following data of
TortoiseTortoise
Sales, Inc.:
Unit Total Units
Units Cost Cost Sold
Beginning inventory 16 $3 $48
Purchase on Apr 25 25 6 150
Purchase on Nov 16 11 8 88
Sales 40 ? ?
Tortoise
Sales' average cost of ending inventory is