Answer:
im not sure based off of research, but based off of experiance, either a or b.
Explanation: there would be a lot of build-up after more than that.
i apologize if i am incorrect
Answer:
b. It may be used to estimate inventories for interim statements.
Explanation:
As we know that
Gross profit = Sales - the cost of goods sold
By doing the inventory valuation through the gross profit method, it estimated inventories for interim statements as these statements are covering the financial information that is less than a year so that the proper analysis could be made and in this, no auditing is required.
Therefore, for interim statements, the gross profit method is required.
It's the same because more money when It came out
(price of stock)Oc. start increasing
Answer:
Terrence plan to produce = 39,600 units
Explanation:
The production budgeted for a particular period is the expected units to be produced after adjusting the sales budget figures for opening and closing inventories.
Production budget = opening inventory + sales budget - closing inventory
=40,000 +2300 -2700= 39,600
Terrence plan to produce = 39,600 units
