Payton Industries Had the Following Purchases as of September 30,20X3

question 23

Essay

Payton Industries had the following purchases as of September 30,20X3.
$$\begin{array}{l}\begin{array} { l } \text { September } 3 \text { order of } 400 \text { unit } @\$ 10.50 \\\text { September 8 order of } 100 \text { unit } @ \$ 11.00 \\\text { September } 19 \text { order of } 200 \text { unite } @\$ 11.50\end{array}\begin{array} { l } \\\$ 4,204 \\1,100 \\2,300 \\\$ 7,600\\\end{array}\end{array}$$ On September 20,20X3,the company sold 240 units at $16.00 per unit.On September 30,20X3,a competitor announced a new model which resulted in the cost of Payton's inventory dropping to the new replacement cost,which was $10.75 per unit.The net realizable value also declined.Payton Industries uses a perpetual inventory system.
1.What is the balance in the inventory account on September 30,20X3,if Payton Industries uses:
a.FIFO?
b.LIFO?
2.What journal entry is necessary on September 30,20X3,if Payton Industries uses lower-of-cost-or-market,where cost is defined as:
a.FIFO?
b.LIFO?

Identify the phases of sexual arousal and the dysfunctions related to each phase.

Recognize the most common biological causes of erectile dysfunction.

Advise on the management of sexual dysfunction considering sociocultural factors.

Understand the relationship between physical and psychological factors in sexual dysfunction.

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Definitions:

Tax Losses

A financial situation where the expenses and deductions are greater than the income generated, potentially reducing taxable income in future periods.

Share Capital

The funds raised by a company through the issuance of shares, representing the amount invested by shareholders.

Exchange of Shares

A transaction where shares of one company are exchanged for shares of another company, often occurring in mergers and acquisitions.

Business Combinations

The process of uniting two or more companies into a single corporate entity, often involving acquisitions or mergers.