Answer:
$19,356
Explanation:
July
1 Beg. Inventory 54 $122
5 Purchases 306 $114
14 Sale 204
21 Purchases 153 $117
31 Sale 143
Number of units left = (54+306-204+153-143)= 166
On LIFO(Last-in, first-out) basis, these 166 units of ending inventory cost;
= (54*122) + (166-54)*114 <em> (Note:166-54 is to find the balance after the first 54)</em>
= $6,588 + $12,768
= $19,356
Consumers buy products from the producers because they produced it. if that is the question that you are asking.
Answer:
the high-low method
Explanation:
The high-low method -
It is the method used by comparing the total cost of the highest level of activity with the lowest level of activity , is referred to as the high - low method.
This method is used in order to separate the fixed and variable costs for a limited amount of data .
Hence , this method compare the data of two points .
Therefore , the correct option from the given options is the high - low method.
Answer:
Answer:
Explanation:
These are the sales, cash receipts, cash disbursements, and purchases journals.