Assume That Three Identical Units of Merchandise Are Purchased DuringAssume One Unit Is Sold on October 31 for $28

The Answer is October 31 Sales $ 28 Cost of merchandise sold 5 ‾ Gross profit $ 23 ‾ Ending inventory $ 13 + $ 15 $ 28 ‾ ‾ \begin{array}{|l|c|}\hline & \text { October 31 } \\\hline \text { Sales } & \$ 28 \\\hline \text { Cost of merchandise sold } & \underline{5}\\\hline \text { Gross profit } & \underline{\$ 23} \\\hline \text { Ending inventory } \$ 13+\$ 15 & \underline{\underline{\$ 28}} \\\hline\end{array} Sales Cost of merchandise sold Gross profit Ending inventory $13 + $15 October 31 $28 5 $23 $28

Assume That Three Identical Units of Merchandise Are Purchased DuringAssume One Unit Is Sold on October 31 for $28

The Answer is October 31 Sales $ 28 Cost of merchandise sold 5 ‾ Gross profit $ 23 ‾ Ending inventory $ 13 + $ 15 $ 28 ‾ ‾ \begin{array}{|l|c|}\hline & \text { October 31 } \\\hline \text { Sales } & \$ 28 \\\hline \text { Cost of merchandise sold } & \underline{5}\\\hline \text { Gross profit } & \underline{\$ 23} \\\hline \text { Ending inventory } \$ 13+\$ 15 & \underline{\underline{\$ 28}} \\\hline\end{array} Sales Cost of merchandise sold Gross profit Ending inventory $13 + $15 October 31 $28 5 $23 $28

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Assume That Three Identical Units of Merchandise Are Purchased During

question 1

Essay

Assume that three identical units of merchandise are purchased during October,as follows:
$\begin{array}{|l|r|l|c|c|}\hline & & & \text { Units } & \text { Cost } \\\hline \text { October } & 5 & \text { Purchase } & 1 & \$ 5 \\\hline & 12 & \text { Purchase } & 1 & 13 \\\hline & 28 & \text { Purchase } & \underline{1} & \underline{15} \\\hline \text { Total } & & & 3 & \$ 33 \\\hline\end{array}$
Assume one unit is sold on October 31 for $28.Determine cost of merchandise sold,gross profit,and ending inventory under the FIFO method.

Identify different types of retirement and welfare plans covered under ERISA.

Recognize the fiduciary duties established by ERISA for individuals managing plan assets.

Understand the health care continuation coverage provisions under COBRA.

Identify the characteristics and purposes of managed care programs.

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A specific set of terms and languages utilized by a certain profession or group that might be challenging for individuals outside of that group to comprehend.

Passive Voice

The passive voice is a grammatical voice where the subject of the sentence is acted upon by the verb, often shifting the focus from the doer of the action to the receiver of the action.