2. a company made the following merchandise purchases and sales during the current month
july. 1 purchased 380 units at $15 each
july 5 purchased 270 units at $20 each
july 9 sold 500
units at $55 each
july 14 purchased300 units at $24 each
july 20 sold 250
units at $55 each
july 30 purchased 250 units at $30 each
from the above information, compute the cost of goods sold and ending inventory,
using fifo, lifo, and weighted average inventory methods.

Suppose the following items were taken from the 2017 financial statements of whispering winds corp.. (all dollars are in millions.) common stock $3,230 accumulated depreciation—equipment $3,940 prepaid rent 175 accounts payable 1,560 equipment 6,940 patents 2,270 stock investments (long-term) 670 notes payable (long-term) 780 debt investments (short-term) 1,740 retained earnings 6,175 income taxes payable 150 accounts receivable 1,740 cash 1,290 inventory 1,010 prepare a classified balance sheet in good form as of december 31, 2017. (list current assets in order of liquidity.)