Answer:
The cost of the ending inventory under FIFO is $2,430 and under LIFO is $1,620
Explanation:
First determine the units sold
Units Sold = Total Purchases - Units in hand
= 1,410 units - 270 units
= 1,140
Note ; Wildhorse Co. uses a periodic inventory system. This means we calculate the cost at the end of the period.
FIFO
Means First in First Out
Cost of the ending inventory = 270 x $9.00 = $2,430
LIFO
Means Last in First Out
Cost of the ending inventory = 270 x $6.00 = $1,620
Conclusion
The cost of the ending inventory under FIFO is $2,430 and under LIFO is $1,620
Answer:
(D) global information
Explanation:
A global information system is an information system which is used in a global context. and deliver the totality of measurable data worldwide within a defined context.
Examples
Systems developed for multinational users, SAP, Oracle ,JDE, are a global ERP system
Global Information Systems for Education
Answer:
A. control of a key resource
Explanation:
The International Nickel Company of Canada was founded in the early 1900´s and it was the result of the merge of three companies, the Carnegie Steel Company, Canadian Copper Company and Orford Copper Company, this is very important because this three companies were merged into a single one that controlled the whole production of Nickel, so they basically created a monopoly by merging with eachother.
Answer:
Selling price per composite unit= $11.3
Explanation:
Giving the following information:
Madison Corporation sells three products (M, N, and O) in the following mix: 3:1:2.
Unit price and cost data are: M N OUnit sales price$12 $10 $11
<u>First, we need to calculate the sales proportion for each product:</u>
M= 3/6= 0.5
N= 1/6= 0.17
O= 2/6= 0.33
<u>Now, the selling price per composite unit:</u>
Selling price per composite unit= (0.5*12) + (0.17*10) + (0.33*11)
Selling price per composite unit= $11.3
