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Lena [83]
3 years ago
6

Under which of the following conditions will the FIFO method produce the same cost of goods manufactured as the weighted-average

method? A. There is no ending inventory.B. There is no beginning inventory.C. The beginning and ending inventories are equal.D. The beginning and ending inventories are both 50% complete.
Business
1 answer:
joja [24]3 years ago
7 0

Answer: The correct answer is <u>".B. There is no beginning inventory.".</u>

Explanation:  

The weighted average method produces the same cost of manufactured goods as the FIFO method (First in First out) when there is no beginning inventory because there are no units at the beginning that drag the cost.

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Explanation:

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What type of advertising communicates the specific features, values, and benefits of a product offered by a particular company?
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c. brand advertising

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The statement is: True.

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3 years ago
Read 2 more answers
The comparative balance sheets for Lowery Company show these changes in noncash current asset accounts: accounts receivable decr
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Answer:

$198,000

Explanation:

The computation of the net cash provided by operating activities by using the indirect method is presented below:

Cash flow from operating activities

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Add: Decrease in account receivable $80,000

Less: Increase in prepaid expense -$28,000

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Net cash provided by operating activities    $198,000

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2 years ago
Swinnerton Clothing Company's balance sheet showed total current assets of $3,300, all of which were required in operations. Its
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c. $2,580

Explanation:

Calculation for What was its net operating working capital that was financed by investors

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Less Accounts payable ($575)

Less Accrued wages and taxes ($145)

Net operating working capital $2,580

($3,300-$575-$145)

Therefore What was its net operating working capital that was financed by investors will be $2,580

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