The trial balance of Splish Brothers Inc. at the end of its fiscal year, August 31, 2022, includes these accounts: Beginning Inventory $21,510; Purchases $242,050; Sales Revenue $183,600; Freight-In $8,620; Sales Returns and Allowances $3,220; Freight-Out $3,510; and Purchase Returns and Allowances $6,550. The ending inventory is $24,800. Prepare a cost of goods sold section (periodic system) for the year ending August 31, 2022.

Amethod of allocating merchandise cost that assumes the first merchandise bought was the first merchandise sold is called the a. last-in, first-out method. b. first-in, first-out method. c. specific identification method. d. average cost method.

Google started as one of many internet search engines, amazon started as an online book seller, and ebay began as a site where people could sell used personal items in auctions. these firms have grown to be so large and dominant that they are facing antitrust scrutiny from competition regulators in the us and elsewhere. did these online giants grow by fairly beating competition, or did they use unfair advantages? are there any clouds on the horizon for these firms -- could they face diseconomies of scale or diseconomies of scope as they continue to grow? if so, what factors may limit their continued growth?

Companies under market structures are independent