A company had inventory of 15 units at a cost of $20 each on November 1. On November 2, it purchased 10 units at $22 each. On November 6 it purchased 12 units at $25 each. On November 8, it sold 22 units for $54 each. Using the FIFO perpetual inventory method, what was the cost of the 22 units sold?

If the goods are rejected for nonconformance, the cost of inspection can be recovered from the seller

Indicate whether the statement is true or false

Which of the following types of liability do general partners of a limited partnership have for the debts and obligations of the limited partnership?

A) unlimited personal liability B) limited capital liability C) liability of termination as partner D) limited personal liability