Answer:
Option (b) is correct.
Explanation:
Given that
Amount of merchandise purchased = $5,800
Credit terms = 2/10 and n/10
Using a perpetual system and gross method,
Therefore, the Journal entry is as follows:
On May 1,
Merchandise inventory A/c Dr. $5,800
To accounts payable $5,800
(To record the purchase of merchandise on account at May 1)
Was an American novelist<span>, </span>short-story writer<span>, and </span>poet. <span>Farrell based his writing on his own experiences, particularly those that he included in his celebrated "Danny O'Neill Pentology" series of five novels.</span>
Answer:
$66,700
b. LIFO = $70800
67807.81
Explanation:
LIFO means last in first out. It means that it is the last purchased inventory that is the first to be sold.
(8130 x 8) + [(9090 - 8130) x 6) = 70800
FIFO means first in, first out. It means that it is the first purchased inventory that is the first to be sold
(3010 x 6) + [(9090 - 3010) x $8] = 66,700
Average cost = [(3010 x 6) + (8130 x 8)] /
18060
48640
b 65040
5760
Answer:
Wages in construction would signify lower/cheaper because of the restraints, and left-handed workers would get less/scarer than right-handed workers.
Explanation:
These left-handed workers should denote gratitude as they grant us so much of service for our existence and they work hard for there savoring too. Many circumstances lower their pays and that involves high labor supply, undervaluation of domestic work, the ill bargaining power of domestic workers, the shortage of representation in the sector, numerous separation from labor protection, etc.
