Answer: $2650
Explanation:
Using the specific identification method, its ending inventory (after the December 24 sale) will be:
Units for sale = 5 units
Units sold = 1
It should be noted that the unit that was sold was the one that was bought on July 9th.
Ending units will now be:
= $800 + ($2 × $900) + $950 - $900
= $800 + $1800 + $950 - $900
= $3550 - $900
= $2650
The Statements-In a j<u>ob-costing syste</u>m, individual jobs use different quantities of production resources, In a <u>process-costing system</u> each unit uses approximately the same amount of resources.-Both the statement are True
(D) Both (a) and (b) are true.
Explanation:
A <u>job costing system</u> is a system in which the cost associated with a particular job is calculated.This information is important in order to submit the cost information to the customer under a contract
<u>For example:</u>Job costing is required for deriving the cost of construction of a building,for designing a software
<u>Process costing is a term that is used in cost accounting.</u>
It is used to calculate the manufacturing cost of a Product.
<u>A processing cost system </u>is used during the mass production of the identical units .
The answer will be: In debt crowdfunding, people invest money in a company in exchange for the company's shares. It works like this: <span>an investor receives shares for their investments, with the expectations that the organization they are investing in will pay dividends on profit share</span>
In the "growth or early maturity" stage of advertising the is customer motivated to take action. The communication used to motivate customers to take action is called persuasive advertising. In the growth stage p<span>ricing should be maintained and product or service quality needs to be maintained and additional features and support services may be added.</span>
Barriers to entry’ describes the difficulty that new entrants (startups) have when trying to establish a profitable business in a particular market.<span>
The restaurant industry is characterized by a low barrier to entry. This means that the </span><span>barriers to establishing a new profitable business in the restaurant industry are easy to overcome.</span>
