Answer:
<u>Part 1 Determine the cost of the goods sold for each sale</u>
November 10 :
90 units × $ 39 = $3,510
November 20 :
30 units × $ 39 = $1,170
80 units × $ 40 = $3,200
Total Cost = $4,300
November 24 :
45 units × $ 40 = $1,800
<u>Part 2 The inventory balance after each sale</u>
November 10 :
30 units × $ 39 = $1,170
November 20 :
60 units × $ 40 = $2,400
November 24 :
15 units × $ 40 = $600
Explanation:
First in First Out Method is build on the premise that inventory bought in first will be the first to be sold.
Answer:
Ending Work in Process $ 4640
Explanation:
<u>Sheridan Company</u>
<u>Shaping Department </u>
Ending Work in Process $ 4640
Materials = 2000 units*$2= $ 4000
Conversion= 2000 units *20%* $1.6= 400*$ 1.6=$ 640
We find the cost of ending inventory by multiplying the materials unit cost with the materials units and the unit conversion costs with the equivalent conversion units.All materials are included because the materials are added at the beginning of the process.
True. Different types of tables do different types of things.
Can I please get brainliest I need it
Answer:
None of the answers are correct . Financial managers should evaluate investors aversion to risk in order to make choices according to the investor profile.
Explanation: