Readers of e-mail messages are typically

Money market transactions

A) do not take place in any one particular location or building. B) are usually arranged purchases and sales between participants over the phone by traders and completed electronically. C) are both A and B of the above. D) are none the the above.

The Quiet Gravestone Company has only one product: a large, 3-foot gravestone. Data for inventory during February of the current year are provided below. Assume the company uses a perpetual inventory system and the FIFO cost flow method

Date Number of Units Unit Cost Total Cost Feb 01 Beginning inventory 5 $40.00 $200 Feb 04 Purchase 10 $42.00 $420 Feb 10 Purchase 12 $44.00 $528 Feb 18 Purchase 8 $45.00 $360 Feb 25 Purchase 14 $46.00 $644 Sales for the month were: February 7: seven sold at $1,000 February 15: five sold at $1,050 February 20: ten sold at $1,100 Required: 1. What is the cost of goods sold for the February 7 sale? 2. What is the cost of goods sold for the February 15 sale? 3. What is the cost of goods sold for the February 20 sale? 4. If the company used a periodic inventory system and the FIFO cost flow method, what would cost of goods sold be for the month?