Business, 21.05.2021 05:10 kellyroy74

The units of an item available for sale during the year were as follows: Jan. 1 Inventory 11 units at $41 $451
Aug. 13 Purchase 17 units at $44 748
Nov. 30 Purchase 18 units at $46 828
Available for sale 46 units $2,027

There are 28 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the inventory cost using the (a) first-in, first-out (FIFO) method; (b) last-in, first-out (LIFO) method; and (c) weighted average cost method (round per-unit cost to two decimal places and your final answer to the nearest whole dollar).
a. First-in, first-out (FIFO)
b. Last-in, first-out (LIFO)
c. Weighted average cost

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 17:30

Which of the following best describes biochemical evidence that would not support the modern concept of evolution? a. a bacterium that uses inorganic materials to produce energy b. an organism that does not undergo cellular respiration c. a species of bacteria that is capable of photosynthesis d. an organism that undergoes both aerobic and anaerobic respiration

Answers: 2

Answer

Business, 21.06.2019 18:20

Which of the following accurately describes a situation in which consumers have elastic demand? a. a restaurant starts using margarine instead of butter because butter becomes more expensive. b. consumers boycott a restaurant because the waiters aren't paid minimum wage. c. a company starts using sugar instead of corn syrup because its revenues are up. d. people give up eating pasta and bread because they want to lose weight. 2b2t

Answers: 1

Answer

Business, 21.06.2019 21:30

An office manager is concerned with declining productivity. despite the fact that she regularly monitors her clerical staff four times each day—at 9: 00 am, 11: 00 am, 1: 00 pm, and again at 3: 00 pm—office productivity has declined 30 percent since she assumed the helm one year ago. would you recommend that the office manager invest more time monitoring the productivity of her clerical staff? explain.

Answers: 3

Answer

Business, 22.06.2019 08:20

How much does a neurosurgeon can make most in canada? give me answer in candian dollar

Answers: 1

Answer

You know the right answer?

The units of an item available for sale during the year were as follows: Jan. 1 Inventory 11 units...

Questions