subject
Business, 24.03.2020 02:52 mjakabeast24

Buckeye Corporation adopted dollar-value LIFO on January 1, 2018, when the inventory value was $500,000 and the cost index was 1.0. On December 31, 2018, the inventory value at year-end costs was $535,000 and the cost index was 1.06. Buckeye would report a LIFO inventory of:a. 504,717
b. 530,000
c. 505,000
d. 533,019

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 08:10
Exercise 15-7 crawford corporation incurred the following transactions. 1. purchased raw materials on account $53,000. 2. raw materials of $45,200 were requisitioned to the factory. an analysis of the materials requisition slips indicated that $9,400 was classified as indirect materials. 3. factory labor costs incurred were $65,400, of which $50,200 pertained to factory wages payable and $15,200 pertained to employer payroll taxes payable. 4. time tickets indicated that $55,000 was direct labor and $10,400 was indirect labor. 5. manufacturing overhead costs incurred on account were $81,700. 6. depreciation on the company’s office building was $8,100. 7. manufacturing overhead was applied at the rate of 160% of direct labor cost. 8. goods costing $89,400 were completed and transferred to finished goods. 9. finished goods costing $76,000 to manufacture were sold on account for $105,100. journalize the transactions. (credit account titles are automatically indented when amount is entered. do not indent manually.) no. account titles and explanation debit credit (1) (2) (3) (4) (5) (6) (7) (8) (9) (to record the sale) (to record the cost of the sale) click if you would like to show work for this question: open show work
Answers: 1
question
Business, 22.06.2019 10:00
Your father offers you a choice of $120,000 in 11 years or $48,500 today. use appendix b as an approximate answer, but calculate your final answer using the formula and financial calculator methods. a-1. if money is discounted at 11 percent, what is the present value of the $120,000?
Answers: 3
question
Business, 22.06.2019 20:30
The smelting department of kiner company has the following production and cost data for november. production: beginning work in process 3,700 units that are 100% complete as to materials and 23% complete as to conversion costs; units transferred out 10,500 units; and ending work in process 8,100 units that are 100% complete as to materials and 41% complete as to conversion costs. compute the equivalent units of production for (a) materials and (b) conversion costs for the month of november.
Answers: 3
question
Business, 22.06.2019 23:00
The five steps to financial success a. five money myths b. five foundations
Answers: 1
You know the right answer?
Buckeye Corporation adopted dollar-value LIFO on January 1, 2018, when the inventory value was $500,...
Questions
question
Physics, 16.01.2021 08:20
question
Chemistry, 16.01.2021 08:20
question
Mathematics, 16.01.2021 08:20
question
English, 16.01.2021 08:20
Questions on the website: 13722367