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
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<h3>What is Peer mentoring?</h3>
Peer mentoring refers to a one-on-one relationship or experienced within a group. It is a relationship between people who are at the same career stage or age.
The peer mentoring is specifically more effective in expanding the professional network. Peer mentoring involves learning by reaching out to more experienced individuals in an organization.
Hence, Peer mentoring is an effective technique for learning about ideal jobs or careers that involves reaching out to and asking people about their own careers and jobs.
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Answer:
$28,240
Explanation:
Total sales = $334,000
Variable cost:
Sales commissions = $334,000 × 6%
= $20,040
Total fixed costs = Sales manager's salary + Advertising expenses
= $5,300 + $2,900
= $8,200
Total selling expenses = Total variable cost + Total fixed cost
= $20,040 + $8,200
= $28,240
Therefore, the total selling expenses to be reported on the selling expense budget for the month of February is $28,240.
In the first half of the nineteenth century, the steamboat, canal, railroad and telegraph were presented. This made transportation a great deal less expensive and quicker for organizations. It additionally connected agriculturists to national markets. The railroad gave employments to such huge numbers of Americans, despite the fact that many were foreigners. Telegraph made it conceivable to impart cross country, in any event quicker than mail would. It was for the most part utilized for organizations. Each of the four of these innovations twisted America out of its monetary past by making exchange/business speedier, less expensive, and more productive.
