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Lyrx [107]
1 year ago
8

Case D. Stewart Company reports the following inventory record for November:

Business
1 answer:
worty [1.4K]1 year ago
5 0

The cost of ending inventory and the cost of goods sold under each of the following methods: Under the LIFO method, Sales Less: Cost of Goods sold Gross Profit less: Selling, admin, depreciation Income before.

Final in, first out (LIFO) is a technique used to account for inventory. beneath LIFO, the expenses of the maximum recent products bought (or produced) are the primary ones to be expensed. LIFO is used most effectively inside the USA and governed via the commonly ordinary accounting standards (GAAP).

The LIFO method is used within the COGS (value of products sold) calculation while the fees of manufacturing a product or obtaining inventory have been growing. this will be because of inflation.

The ultimate-In, First-Out (LIFO) method assumes that the last unit to arrive in stock or greater latest is offered first. the first-In, First-Out (FIFO) approach assumes that the oldest unit of inventory is sold first.LIFO effects decrease internet earnings because the price of products offered is better, so there may be a decrease in taxable profits.” decreased tax legal responsibility is a key reason some organizations decide on LIFO.

Learn more about LIFO here: brainly.com/question/24938626

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Answer: Fujitsu Siemens Computers is a legally independent company of which Fujitsu and Siemens each own 50 percent. This collaboration is an example of a(n) JOINT VENTURE, which is effective at transferring KEY KNOWLEDGE.

Explanation: A joint venture is a kind of business formation which involves the coming together of two or more independent companies retaining their individual identities but functioning in some areas as one.

The companies involved in a joint venture come together to share key ideas used to improve each other and also funding.

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Explanation:

3 0
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The expected average rate of return for a proposed investment of $650,000 in a fixed asset, with a useful life of 4 years, strai
nexus9112 [7]
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