Answer:
It cannot be solved furthur bro as the value of x is unspecified
It's C)12 squared because you have to look outside of the box
So then what is the question?
Answer:
c. jasper has apparently decreased the volume of items in his ending inventory as compared to the number of items in his beginning inventory
Step-by-step explanation:
First In First Out FIFO is a type of inventory system in accounting, it literally implies that the oldest purchase goes out first when you made a sale. The oldest purchase are charged based on cost of good sold. If price are rising, :
FIFO will yield a lower cost of good sold
FIFO will yield a higher net income
FIFO will yield higher tax liability
FIFO will yield a higher inventory
From the information given:
the business records show that the cost of the stores inventory items has been steadily increasing. the cost of the end of the year inventory is 200,000 and the cost of the beginning of the year inventory was 250,000.
What the statement implies is that:
jasper has apparently decreased the volume of items in his ending inventory as compared to the number of items in his beginning inventory
