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3 years ago

Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost Methods

Business

2 answers:

SIZIF [17.4K]3 years ago

7 0

Answer:

LIFO ending inventory $ 544.00

Weighted average: $ 565.44‬

FIFO ending invetory: $ 590.00

Explanation:

weighted-average:

1,449 / 41 = 35,34

Ending Inventory

16 x 35.34

LIFo we pick the first 16 units as the latest were sold:

8 units at $ 33 = $ 264

8 units at $ 35 = $ 280

Total ending inventory $ 544

FIFo we pick the last as the first one are the first being sold

15 units at 37 = 555

1 unit at 35 = 35

total ending 590

Kitty [74]3 years ago

3 0

Answer:

a) FIFO

Inventory = $590

b) LIFO

Inventory = $544

C) WAM

Inventory = $565,46 = $565

Explanation:

a) FIFO

Inventory = $555 +$ 35 = $590

Dec purchase = $555

Aug 7 = $35

b) LIFO

Inventory = 280 +264 = $544

Jan = $264

AUG = 8 * $35 = $280

C) WAM

Inventory

WAM = $1449/41 = $35,34 *16 = $565,46

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Answer:

Bond Valuation

Other things being equal, the bond issue that offers the most attractive investment opportunity if it can be purchased at the prices stated is:

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Explanation:

a) Data and Calculations:

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Issue date = January 1, 2021

Maturity date = December 31, 2040

Company Bond Price Stated Rate Annual Interest FV

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From an online financial calculator, the future values of the bonds are:

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I/Y (Interest per year) 15

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Sum of all periodic payments $300,000,000.00

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3 years ago

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2 years ago

A stock sells for $10 per share. You purchase 100 shares for $10 a share (i.e., for $1,000), and after a year the price rises to

dalvyx [7]

Answer:

300% returns

150% returns

100% returns

Explanation:

given data

stock sells = $10 per share

purchase = 100 shares

price rises = $17.50

solution

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and

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Answer:

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