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Beginning inventory, purchases, and sales data for widgets are as follows: Complete the inventory cost card assuming the business maintains a perpetual inventory system and determine the cost of goods sold and ending inventory using LIFO.
John Winthrop
An English Puritan lawyer and one of the leading figures in founding the Massachusetts Bay Colony, the second major settlement in New England following Plymouth Colony.
City Upon a Hill
A metaphor from a sermon by Puritan leader John Winthrop, this term highlights the belief that the American colonies had a special mission to serve as a beacon of purity and morality.
Puritans
A collective of Reformed Protestants in England during the 16th and 17th centuries aimed to cleanse the Church of England of its practices deemed "Catholic".
British Colonization
The process by which Britain established and expanded colonies overseas between the 16th and 20th centuries.
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