a)
his income must be "x" which is the 100%, and we would know that 0.2% of that is 12.37.
b)
his income must be "x" which is the 100%, and we would know that 2% of that is 12.37.
btw he's not making much either way.
a company starts out with 800 units if a particular item in inventory.Assume that their cost is $10 ach. Over the next three mon
ths it buys 100 more units at $11 each,and then 50 more units at $12 each. It sold 200 units during that three months, and it uses the Last In First Out method, you would assume that all of the remaining units should e valued at ----each. a. $10 b. $11. c. $12. d. none of the above answers is correct because you must average the various purchase prices to find the amount to apply to the ending inventory
1 answer:
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