Answer:
$840
Explanation:
Data provided in the question:
Beginning inventory = 30 units @ $120 each
Purchases during the year:
Jan. 15: 34 units at $110
May 30: 61 units at $84
Oct. 20: 160 units at $60
Sales during the year totaled 271 units
Now,
Total inventory before selling = 30 + 34 + 61 + 160 = 285
Inventory left after selling 271 units = 285 - 271 = 14 units
Now,
Under the FIFO method, the units purchased first will be sold first
Therefore,
The price of units left inventory will the price of units purchased last i.e $60
Hence,
The cost of ending inventory = 14 × $60
= $840
Answer:
True
Explanation:
If a natural disaster occurs, house insurance can prevent you from further financial loss, as some compensation would be given.
Answer:
The fee is included for the security services that the airport provides.
Explanation:
The basic structure of a air far includes a base price of travel, contingency charges, extra charges for service and various taxed that are levied by the government on the aircraft carriers that use the domestic air space in a country. The sum of all these charges in addition to the profit that the plane carrier charges becomes the base fare of the ticket. In the given condition since an extra fee is imposed on the grounds of security so that the travel becomes secure and safe and hence the extra tax is imposed. This tax is used to meet the charges of security personnel and operating costs of various machines that help in scanning the baggage of the passengers.
