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
g Builtrite has calculated the average cash flow to be $16,000 with a standard deviation of $4000. What is the probability of a
Ganezh [65]

Answer:

89.44%

Explanation:

As we know that:

Z = (Cash Flow - Mean) / Standard Deviation

Here

Cash flow is the observed value which is the lower limit here and is $11,000

Mean is the average value of the sample and is $16,000

Standard Deviation is $4,000

By putting values, we have:

Z = ($11,000 - $16,000) / $4,000

= -1.25

The Z value lower than -1.25 is 0.1056 or 10.56%

This means that the probability of cash flow lower than $11,000 is 10.56% and the probability of cash flow greater than $11,000 will be

Probability of cash flow = (1- 0.1056) = 0.8944  which is 89.44%

6 0
3 years ago
It’s up to you to do some research on a company before an interview. Recruiters will expect that you’ve done your homework, and
Inga [223]

Answer: what to expect in an interview session

Explanation:) because good person-organization fit is linked to higher task performance, better work attitudes, lower intentions to quit, and less job stress; and  

(2) because showing up at an interview having done your research shows recruiters that you took the time to learn about the business and prepares you to ask good questions. The goal of this exercise is to challenge your knowledge of the seven things you should learn about  acompany before showing up for an interview .  Every Recruiter expect that you know what you are doing and also brush yourself up with information on your Resume and the company in question

4 0
3 years ago
Department A had no Work-in-Process at the beginning of the period, 1,000 units were completed during the period, 200 units were
statuscvo [17]

Answer:

Materials total cost equal to 2,000 the correct option is C

C. $2,000

Explanation:

<u>Conversion Cost</u>

<u>conversion cost</u> = labor + overhead

CC = 5,000 + 4,400 = <u>9,400</u>

complete during the period   1,000 units

ending inventory                       200 units 50%

<u>Equivalent units:</u>

completed + ending worked portion

1,000 + 200 x 50% = 1,000 + 100 = <u>1,100</u>

CC equivalent unit cost  9,400/1,100 x 100 = 854.55

<u>Materials</u>

<u>Cost     $ 12,000</u>

<u>Equivalent units</u>

completed  1,000

ending          200 at 100%

completed + ending times added portion

1,000 + 200 x 100 % = 1,200

Equivalent unit cost: 12,000 / 1,200 = 10

Ending inventory 200 x 10 =         2,000

5 0
3 years ago
According to liquidity preference theory investment spending would rise if the price level
ANTONII [103]

Answer:

A.rose making the interest rate fall

Explanation:

According to the liquidity preference theory developed by John Keynes, if the money supply rises, price level also rises, interest rate falls. If interest rate falls, the price of bond rises which would increase capital gains. People would prefer to hold bonds instead of money, therefore, investment spending would rise.

The liquidity preference theory states that we hold money for transactive, speculative and precautionary motives.

4 0
3 years ago
The two major types of transactions that affect the international flow of money are:
andre [41]
The two major types of transaction that affects the international flow of money are b. debits and credits.
When you say debits, it the liabilities and when you say credits its the assets. These two is the major transaction that makes a big impact to the economy.
4 0
2 years ago
Read 2 more answers
Other questions:
  • Assume a company pays out $100 in dividends in Year 1. What would the annual growth rate (rounded to the nearest 1%) for dividen
    13·1 answer
  • Bonds Payable has a balance of $1,000,000 and Discount on Bonds Payable has a balance of $10,000. If the issuing corporation red
    15·2 answers
  • The dividend policy must be formulated considering two basic objectives, namely ________. delaying the tax liability of the stoc
    9·1 answer
  • Select the examples that best represent Architecture and Construction customers. Check all that apply. a supermarket company tha
    7·2 answers
  • What is plagiarism? a. Stealing a digital image through a file-sharing network. c. Claiming someone else's written work as your
    15·2 answers
  • On January 1, Boston Enterprises issues bonds that have a $3,400,000 par value, mature in 20 years, and pay 9% interest semiannu
    8·1 answer
  • When Heather entered college, she wanted to be a nurse. After her second year, however, she was stressed by her course load and
    15·2 answers
  • When Ian experiences diminishing marginal utility when buying shirts,
    9·1 answer
  • A coupon bond that pays interest of $70 annually has a par value of $1,000, matures in 5 years, and is selling today at a $77.75
    11·1 answer
  • The availability of a commodity is referred to as its
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!