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2 years ago

Eaton Electronics uses a periodic inventory system.

Business

1 answer:

aev [14]2 years ago

6 0

The cost of ending inventory of Eaton Electronics on June 30 is $13,600.

<h3>What is the LIFO method?</h3>

The LIFO method values the cost of goods sold based on the assumption that goods sold are from the latest stock.

For example, using LIFO, Easton would have the two TVs sold based on the cost of the May Purchases instead of specific identification.

<h3>Data and Calculations:</h3>

Beginning inventory (2 x $1,500) = $3,000

April Purchases (4 x $1,450) = $5,800

May Purchases (5 x $1,600)= $8,000

Cost of goods available for sale = $16,800

Cost of goods sold (2 x $1,600) = $3,200

Ending inventory = $13,600 ($16,800 - $3,200)

Thus, the cost of ending inventory is $13,600.

Learn more about the LIFO method at brainly.com/question/10026597

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Answer:

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4 years ago

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Answer:

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4 years ago

aka is considering sending a message regarding a raise but is concerned since the company is struggling financially. Taka has de

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Answer:

E. Is the purpose realistic?

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3 years ago

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Item Skipped Item 10 Assume a company makes four products (A, B, C, and D) in a single facility. Data concerning these products

stellarik [79]

Answer:

The company should be willing to pay less than $4.20 for one additional minute of milling machine time.

Explanation:

a) Data and Calculations:

Product Product Product Product

A B C D

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Minutes to buy = 17,400

Lost contribution from:

Product A = (1,000 * $5.70 = $5,700

Product B = (16,400 * $4.20 = 68,880

Total lost contribution $74,580

Required time to produce lost contribution = 17,400

Estimated to pay for additional minute = $4.29 ($74,580/17,400)

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