subject
Business, 07.04.2020 19:39 salma1018

Blake Company purchased two identical inventory items. The item purchased first cost $30.00, and the item purchased second cost $31.00. Blake sold one of the items for $56.00. Which of the following statements is true?a. Gross margin will be higher if Blake uses LIFO than it would be if FIFO were used.

b. The dollar amount assigned to ending inventory will be the same no matter which cost flow method is used.

c. Ending inventory will be lower if Blake uses weighted average than if FIFO were used.

d. Cost of goods sold will be higher if Blake uses FIFO than if weighted average were used.

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 19:00
What does the consumer price index measure? a. the change in prices of all goods and services over time b. the change in prices of specific goods and services over time c. the change in prices of final goods and services over time
Answers: 3
question
Business, 22.06.2019 05:00
Which of the following are considered needs? check all that apply
Answers: 1
question
Business, 22.06.2019 10:00
Marco works in the marketing department of a luxury fashion brand. he is making a presentation on the success of a recent marketing campaign that included a fashion show. which slide elements can he use to include photographs and footage of the fashion show in his presentation? marco can use the: table images audio option to include photographs and the: flowcharts images video option to include footage of the fashion show.
Answers: 1
question
Business, 22.06.2019 11:40
Vendors provide restaurants with what? o a. cooked items ob. raw materials oc. furniture od. menu recipes
Answers: 1
You know the right answer?
Blake Company purchased two identical inventory items. The item purchased first cost $30.00, and the...
Questions
question
Mathematics, 23.01.2020 05:31
question
Social Studies, 23.01.2020 05:31
question
Mathematics, 23.01.2020 05:31
Questions on the website: 13722367