LeGo Financials offer two investment plans. Investment A pays 9 percent interest compounded monthly, whereas Investment B pays 1
1 answer:
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Answer:
Explanation:
worker's production rate = 60/3 = 20units per hour
monthly capacity 160 x 20 = 3200 units.
capacity needed to produce 2000000 units
= 2000000/3200
= 625
therefore, since they already have 500 workers, they need to hire 125 more workers.
b) At the end of October they will have 2 million inventory.
c) Average inventory in each of the months has been listed in the attachment below.
Answer:
The value of inventory at Dollar value LIFO is $510,000
Explanation:
dollar-value LIFO method
This is one of the techniques use to integrate inventory items into pool and then valuation is applied on pool rater than on individual item
To calculate the dollar value of ending inventory
we must
Determine value of ending inventory
Determine the difference between ending inventory and beginning inventory at the price of previous year
Determine the difference between ending inventory and beginning inventory at the current price
Add beginning inventory and difference at the current price to get the value of ending inventory on the basis of dollar value LIFO method
The information related to inventory of the company for the current year is given as follows
Beginning inventory is $400,000
Base price index is 100
Ending inventory at current price index is $550,000
Current price index is 110
INVENTORY VALUE AT DOLLAR VALUE LIFO IS CALCULATED AS FOLLOWS
Ending inventory value at base price index = $
= $500,000
The increase in inventory at base price index is $500,000 - $400,000
= $100,000
The increase in inventory at current price index is $100,000 ×
= $110,000
Calculate inventory at end
inventory at end = inventory at the beginning + increase in inventory at current price
$400,000+$110,000
= $510,000
Therefore, value of inventory at Dollar value LIFO is $510,000