Answer:
$544
Explanation:
LIFO means last in first out. It means it's the last purchased inventory that is the first to be sold.
The cost of the 250 units sold would be first deducted from the inventory purchased on the 25th
= 100 × 2.34 = $234
That leaves 250 - 100 = 150 units.
The cost of goods sold would be next allotted to the inventory purchased on the 9th
= 50 × 2.20 = $110
This leaves 150 - 50 = 100
The cost of the 100 would be alloted to the beginning inventory
100 × $2 = $200
Total cost of goods sold = $200 + $110 + $234 = $544
I hope my answer helps you
Answer:
$95,400
Explanation:
Step 1 : Find the equivalent units of production in Ending Work in Progress
Materials = 18,000 x 100 % = 18,000 units
Conversion costs = 18,000 x 60 % = 10,800 units
Step 2 : Calculate the Cost of units in Ending Work in Progress
Cost of units in Ending Work in Progress = 18,000 x $2.75 + 10,800 x $4.25
= $95,400
Conclusion :
The ending work in process inventory was $95,400.
Answer:
$88,700
Explanation:
Given:
Keisha owns a house value $275,000 with a mortgage of $195,000. She owns a car value $12,000 and has $7,500 in car loans.
She has $3,000 in investments, $2,700 in a bank account, and owes $1,500 on a credit card.
Hence, The net worth of Keisha is $88,700
<span>If profit per unit equals (price - cost per unit) and costs are temporarily fixed, then the aggregate supply curve will have a positive slope. From the equation that the profit per unit is equal to price minus by the cost per unit meaning that as prices rises and more output is produced. In doing so, as the effect of more output corresponding to an increase in price with a slope rising to the right depends on the response of the costs.</span>
