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Gelneren [198K]
3 years ago
15

a. Inventory, Beginning 300 $ 12 For the year: b. Purchase, April 11 900 10 c. Purchase, June 1 800 13 d. Sale, May 1 (sold for

$40 per unit) 300 e. Sale, July 3 (sold for $40 per unit) 600 f. Operating expenses (excluding income tax expense), $19,500 Required: Calculate the cost of ending inventory and the cost of goods sold using the FIFO and LIFO methods.
Business
1 answer:
dem82 [27]3 years ago
8 0

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Inventory, Beginning: 300 units at $ 12

For the year:

Purchase, April 11:  900 units at  $10

Purchase, June 1: 800 units at  $13

Sale, May 1 (sold for $40 per unit) 300

Sale, July 3 (sold for $40 per unit) 600

Units sold= 900 units

Inventory= 2000 - 900= 1,100 units

We will assume periodic inventory:

FIFO (first-in, first-out)

COGS= 300*12 + 600*10= $9,600

Inventory= 300*10 + 800*13= $13,400

LIFO (last-in, first-out)

COGS= 800*13 + 100*10= $11,400

Inventory= 800*10 + 300*12= $11,600

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Bank A quotes a bid rate of $.300 and an ask rate of $.305 for the Malaysian ringgit (MYR). Bank B quotes a bid rate of $.306 an
Elenna [48]

Answer:

The profit for an investor who has $500,000 available to conduct locational arbitrage is $1,639.

Explanation:

Bank A has a ask rate of $0.305, so the investor can exchange his $500,000 at Bank A and get = $500,000/$.305 =  MYR = 1,639,344

Bank B has a bid rate of $0.306, he can invest 1,639,344= 1,639,344 × $.306 = $501,639.

501,639 - $500,000 = $1,639.

Thus, the profit is $1,639.

3 0
3 years ago
When workers are asked to participate in a research study, vulnerabilities related to the subject's employment may include:When
igomit [66]

The correct option is (e) All of the above.

When workers are asked to participate in a research study, vulnerabilities related to the subject's employment may include all the statements which are given in the question.

<h3>What is vulnerable subject in research study?</h3>

Vulnerable subject populations are regarded as groups of people who may be particularly vulnerable to pressure or improper influence. These include: minors and children. people with cognitive impairment.

There are many possible ways to define who is vulnerable in the research context. Some would include the following:

  • those who are ill (dependent on clinician for care),
  • ethnic or racial minorities
  • English speakers
  • children
  • the economically disadvantaged
  • adults with diminished capacity

Social, cognitive, environmental, emotional, and military vulnerability are a few examples.

Vulnerability is a notion that connects how individuals interact with their environment to the social forces, institutions, and cultural values that support and oppose risks and disasters.

To know more about research study, here

brainly.com/question/14595095

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The complete question is -

When workers are asked to participate in a research study, vulnerabilities related to the subject's employment may include:

(a) The employer may encourage or deny participation of workers

(b) Employees may experience pressure from management to participate in the study because the employer perceives the study to be advantageous to the organization.

(c) Unions may encourage employees to participate with the expectation that "entitlements" may follow from study results

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(e) All of the above.

4 0
2 years ago
An outward shift of a nation's production possibilities frontier can occur due to
DENIUS [597]

Answer:

The correct answer is option D.

Explanation:

Production possibility frontier shows the different amounts of two goods that can be produced using fixed resources.

An outward shift in the production possibility frontier imply that production of output is increasing.

Production may increase because of increase in inputs.

Here, the shift in production is happening because of increase in labor force.

8 0
3 years ago
A company with excess capacity must decide between scrapping or reworking units that do not pass inspection. The company has 13,
Anit [1.1K]

Answer:

Incremental income for Sale as scrap  is $36,400 and Rework is $46,200

Explanation:

                                                              Sale as scrap         Rework

Sales of reworked units (13000*8.2)                                  $106,000

Sales of scrap units (13000*2.8)            $36,400

Cost to rework units (13000*4.6)                                         ($59,800)

Opportunity cost of not making new units

Incremental income (loss)                      $36,400              $46,200

6 0
3 years ago
Which person would most likely purchase a life insurance policy with a $1 million death benefit?
Dovator [93]
I would say D, you don’t need a million dollar death benefit if you have no one to claim it.
4 0
2 years ago
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