2- Explain why it is important for companies to have a Customer Service Department. (Please cite the references)

3- Explain your understanding of accounts payable as it relates to vendors (Please cite the references)

4- Explain your understanding of sales invoices (Please cite the references)

5- Explain your understanding of the inventory cost methods - Average cost, LIFO and FIFO (Please cite the references)

6- Explain your understanding of the various payroll tax deductions (Please cite the references)

7- Explain why it is important for companies to empower their Customer Service Representatives (Please cite the references)

1. A record of transactions for the month of November was as follows (all dollar amounts are per unit): Purchases Sales Nov. 1 (balance) 500 a $6.10 Nov. 3 400 @ $9.00 8 700 @ $6.60 12 400 @ 9.50 14 300 a $6.90 18 650 @ 9.50 29 500 @ $7.55 Assuming that perpetual inventory records are kept in dollars. 1) Determine the dollar value of the ending inventory using FIFO. Answer: 2) Determine the total cost of goods sold amount for the month using FIFO. Answer: | 3) Record the journal entry for the sale on 11/12: JOURNAL Post Ref. Date Description Debit Credit