Chapter 12, Problem 37P

Hello tutor please provide correct answer general accounting question with correct solution do fast

Please provide the accurate answer to this general accounting problem using appropriate methods.

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I need step by step. Using FIFO, calculate ending inventory if purchases were 100 units @ $10, then 100 units @ $12, and 150 units were sold.What is the value of ending inventory?

subject=general accounting

Dallas Cowboys Company has $425,000 in accounts receivable on May 1. Budgeted sales for May are $1,280,000. Dallas Cowboys Company expects to sell 30% of its merchandise for cash. Of the remaining 70% of sales on account, 75% are expected to be collected in the month of sale and the remainder the following month. The May cash collections from sales are: a. $1,481,000 b. $1,150,000 c. $1,513,000 d. $1,705,000

Please explain the solution to this general accounting problem using the correct accounting principles.

Not use ai solution please and accounting

I am searching for the accurate solution to this financial accounting problem with the right approach.