Perpetual inventory using lifo the following units of a particular item were available for sale during the calendar year: jan. 1 inventory 4,000 units at $39 apr. 19 sale 2,400 units june 30 purchase 4,500 units at $44 sept. 2 sale 5,000 units nov. 15 purchase 2,000 units at $46 the firm maintains a perpetual inventory system. determine the cost of goods sold for each sale and the inventory balance after each sale, assuming the last-in, first-out method. present the data in the form illustrated in exhibit 4. under lifo, if units are in inventory at two or more different costs, enter the units with the lower unit cost first in the inventory unit cost column.

the correct answer is:

it required the president to inform congress within forty-eight hours of any new troop commitment.

the war powers resolution (1973) is a federal law designed to limit the u.s. president’s ability to initiate or intensify military actions abroad without the approval of the congress.

it establishes that the president can send armed forces into action abroad only by declaration of war by congress, statutory authorization, or in case of a national emergency created by attack upon the united states, its territories or possessions, or its armed forces.

it requires the president to notify congress within 48 hours of sending armed forces to military action.