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anastassius [24]
3 years ago
9

Carol was recently fired from her job as a purchaser for a grocery store. she was told the reason for her dismissal was the almo

st continuous rotting of large amounts of produce and meat while in the stockroom awaiting sale in the store. which objective of purchasing did carol fail to accomplish?
Business
2 answers:
Andre45 [30]3 years ago
8 0

Answer:

One of the primary objective of purchasing is to ensure that materials or produce are obtained in proper amounts as at when needed.

Carol failed to purchase the produce and meat as needed by the grocery store before they were needed. Also, she didn't buy the produce in proper amounts needed which led to continuous rotting.  

Harlamova29_29 [7]3 years ago
3 0

It would more than likely mean she hadn't ordered new food in awhile, thus the food meant to be sold was rotting.

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Answer:

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The dollar-value LIFO method can be described as a variation on the last in, first out (LIFO) method which focuses on the estimation of a conversion price index that can be employed to compare the year-end inventory to the base year cost.

The ending inventory under the dollar-value LIFO method can be calculated as follows:

Beginning inventory at begining price level = $1,400,000

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Beginning price level = 100

Ending price level = 110

Beginning price index = Beginning price level / Beginning price level = 100 / 100 = 1.0

Ending price index = Ending price level / Beginning price level = 110 / 100 = 1.1

Ending inventory at base year prices = Ending inventory at ending price level / Ending price index = $1,694,000 / 1.1 = $1,540,000

Real-dollar quantity increase in inventory = Ending inventory at base year prices - Beginning inventory = $1,540,000 - $1,400,000 = $140,000

Value of real dollar quantity increase in inventory = Real dollar quantity increase in inventory * Ending price index = $140,000 * 1.1 = $154,000

Dollar value LIFO Ending inventory = Beginning inventory at begining price level + Value of real dollar quantity increase in inventory = $1,400,000 + $154,000 = $1,554,000

Therefore, the ending inventory under the dollar-value LIFO method is $1,554,000.

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