Answer:
Instructions are listed below.
Explanation:
Giving the following information:
For specific identification, ending inventory consists of 390 units, where 370 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory.
We weren't provided with enough information to answer the requirement. But, I can give you the answer using simulated numbers.
<u>Under specific identification, the company calculates the ending inventory and cost of goods sold with the exact units that were sold or remain in inventory.</u>
For example:
Beginning inventoy= $15 per unit
Jan. 30: $17 per unit
Jan. 20: $16 per unit
Ending inventory= 370*17 + 5*16 + 15*15= $6,595
Bank reconciliation is one of the components of the internal control system of an organization.
Option B is the correct answer.
<h3>What is internal control?</h3>
Internal control is applied to identify the accuracy and fairness of the accounting information being reported in the accounting records.
The bank reconciliation is a statement prepared to figure out whether the balances of the company's cash account are matched with the bank statement or not. If it is not matched, then what are the differences that lead to the non-matching of both the records.
Therefore, the internal control system of an entity comprises one of its processes called bank reconciliation.
Learn more about the bank reconciliation in the related link:
brainly.com/question/15525383
#SPJ1
Answer:
a. $18.50 per purchase order
Explanation:
The computation of the activity rate for the procurement activity cost pool is shown below:
Cost per Unit = Activity Cost ÷ Total of Activity Base
= $370,000 ÷ (4,000 + 4,000 + 12,000)
= $370,000 ÷ 20,000
= $18.50
Hence, the activity rate is $18.50 per purchase order
1) having a budget
2) a main concern (not buying unnecessary things)
3) long term thinking (avoiding things you may regret later on)
4) allocate money for savings
