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anygoal [31]
3 years ago
14

In its first month of operations, Culver Company made three purchases of merchandise in the following sequence: (1) 205 units at

$6, (2) 290 units at $6, and (3) 385 units at $10. Assuming there are 245 units on hand. Compute the cost of the ending inventory under the FIFO method and the LIFO method. Culver uses a periodic inventory system.
Business
1 answer:
Oksi-84 [34.3K]3 years ago
3 0

Answer:

$2,450 ; $1,430

Explanation:

The computation of the ending inventory using the periodic inventory system is shown below:

Under FIFO method

= 245 units × $10

= $2,450

We take the last units in this FIFO method

Under the LIFO method

= 205 units × $6 + 40 units × $5

= $1,230 + $200

= $1,430

We take the first units in this LIFO method

Hence, the closing inventory is come

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Answer:

"$2,500" is the appropriate answer.

Explanation:

The question given seems to be incomplete. Below there is a attachment of full question is provided.

The given values are:

Plywood's price,

= $6 per sheet

Price falls,

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Now,

At price $6, the consumer surplus will be:

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Hence,

The increase in consumer surplus will be:

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3 years ago
Karissa works for a company that sells sour cream. Sales are down, so she begins a research project. First, she develops a hypot
lubasha [3.4K]

The next step for Karissa is to collect data.

<h3>What are the steps involved in a research project?</h3>

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Creating the research project is step two:

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Data Collection is the third step:

This step focused on gathering the data you'll need to address the issue or problem you identified. Experiments, observations, human interviews, telephone or computer-assisted telephone interviews from an office, and postal surveys are all possible methods for gathering data.

Analyzing Research Data is the fourth step:

In this step, the research findings will be interpreted, examined, and analyzed in order to reach a conclusion that resolves the problem. Make sure the conclusion is clear and well-thought-out in light of the information gathered.

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brainly.com/question/14448144

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