1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
noname [10]
3 years ago
13

A company reports the following beginning inventory and purchases for the month of January. On January 26, the company sells 350

units. 150 units remain in ending inventory at January 31. Units Unit Cost Beginning inventory on January 1 320 3.00 Purchase on January 9 80 3.20 Purchase on January 25 100 3.34Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on LIFO.
Business
1 answer:
Triss [41]3 years ago
6 0

Answer:

Ending inventory= $494

Explanation:

Giving the following information:

On January 26, the company sells 350 units. 150 units remain in ending inventory on January 31.

January 1: 320 units for $3.00

January 9: 80 units for $3.20

January 25: 100 units for $3.34

Ending inventory= 100*3.34 + 50*3.2= $494

You might be interested in
The graph above shows how the price of video games varies with the demand quantity. The equilibrium _____ is $50, and the equili
cricket20 [7]
<span>The graph above shows how the price of video games varies with the demand quantity. The equilibrium price is $50, and the equilibrium quantity is 200 video games.

Answer choice:

</span>A. price, quantity

Concept:

<span>Equilibrium is the point where supply and demand meet and the prices are set. Because the price is set as equilibrium.
</span>The quantity demanded is the amount of a product people are willing to buy at a certain<span> price.</span>
3 0
3 years ago
If you have Cord, add me!<br><br> Mine: RU7A1D45#9553
oksian1 [2.3K]

chill, hope you make good friends

6 0
3 years ago
Fama’s Llamas has a weighted average cost of capital of 10.9 percent. The company’s cost of equity is 12 percent, and its pretax
mojhsa [17]

Answer:

0.2

Explanation:

The weighted average cost of capital (WACC) is calculated as below:

WACC = (D/A) x r_D x (1-t) + (E/A) x r_E , where:

A: Market value of company asset;

D: Market value of company debt;

E: Market value of company equity;

r_D: pre-tax cost of debt;

r_E: cost of equity;

t: tax rate

Rearrange above formula a bit, we get:

WACC = (D/A) x r_D x (1-t) + (1 - D/A) x r_E

Putting all the numbers together, we have:

10.9% = (D/A) x 8.9% x (1 - 38%) + (1 - D/A) x 12%

Solve the equation, we get D/A = 17% or D/E = 0.2

So, target debt−equity ratio is 0.2

4 0
3 years ago
Those who make economic policy concerning price controls often do so in order to?
nlexa [21]

Answer:

establish a more equitable result based on normative judgements. In the market for personal computers and in the stock market: 1) supply and demand shifts change prices and quantities.

5 0
2 years ago
A supervisory body, a source of public good, and a body responsible for reallocating income are examples of _____.
olchik [2.2K]

Answer:

roles of government

Explanation:

The government uses part of the taxes it collects to provide public goods such as goods as education, healthcare, and infrastructure. In mixed economies such as the US, the government's main role in the economy is to ensure fair competition among suppliers and protect consumers' and workers' rights.

The government has established several bodies and mandated them to carry out the regulatory functions. Different agencies regulate different trade sectors such as communication, drugs and medicines, weights and measures, employees' safety and health, etc.

5 0
3 years ago
Other questions:
  • Last year Emery Industries had $450 million of sales and $225 million of fixed assets, so its FA/Sales ratio was 50%. However, i
    8·2 answers
  • An electronics firm produces smart phones for sale to the worldwide market.
    5·1 answer
  • Mary transferred a life estate in her home to John based on the life of Ned Green. Mary's interest in the property is known as a
    11·1 answer
  • Suppose a security has a bid price of $100 and an ask price of $100.12. At what price can the market-maker purchase a security?
    5·1 answer
  • What type of fiscal policy calls for a decrease in government spending and an increase in taxes?
    14·1 answer
  • The monetary base is equal to
    5·1 answer
  • During March, Pendergraph Corporation incurred $65,000 of actual Manufacturing Overhead costs. During the same period, the Manuf
    10·1 answer
  • If logan said he won the fight.<br> KSI fans:lets check his monthly spotify listeners
    6·1 answer
  • Genna approached Al Ternator about joining the business as an owner. She offered to provide the technical expertise and deal dir
    12·1 answer
  • Given a constant rate of growth of real gdp, what would cause a fall in real gdp per capita?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!