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Airida [17]
2 years ago
6

The table below displays the purchases that Graphic DesignWorks made from

Mathematics
1 answer:
AveGali [126]2 years ago
6 0

If Graphic Design Works uses LIFO and has 125 shorts left in its inventory, the value of its current stock is <u>D. $1485</u>.

<h3>What is the LIFO inventory system?</h3>

The Last-In, First-Out (LIFO) method is an inventory valuation method that assumes that the last units to arrive in inventory are sold first.

The LIFO method is allowed under US GAAP.  It is the opposite of FIFO (First-in, First-Out).  The FIFO method assumes that the units bought first are the first to be sold.

<h3>Data and Calculations:</h3>

Month of                    Number    Price per        Total Cost

Purchase                  of shorts       shorts

June                             40                $11                    440 (40 x $11)

July                              60                $12                   720 (60 x $12)

August                        80                 $13                1,040 (80 x $13)

September                 90                 $14                1,260 (90 x $14)

Ending inventory      125

Using LIFO:

Value of ending inventory = $1,485 ($440 + $720 + $13 x 25)

Thus, if Graphic Design Works uses LIFO and has 125 shorts left in its inventory, the value of its current stock is <u>D. $1485</u>.

Learn more about the LIFO inventory method at brainly.com/question/6640325

#SPJ1

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Let's solve this question by step by step.

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Answer:

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Step-by-step explanation:

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In a set with mean \mu and standard deviation \sigma, the zscore of a measure X is given by:

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The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the pvalue, we get the probability that the value of the measure is greater than X.

In this problem, we have that:

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