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azamat
3 years ago
10

The inventory data for an item for November are:

Business
1 answer:
Katen [24]3 years ago
8 0

Answer:

USING LIFO METHOD

Nov 1 Opening inventory 20 [email protected]$19 =   380

Nov 4 Sales                       10 [email protected]$19   = (190)    

Nov 10 Purchases              30 [email protected]$20 = 600  

Nov 17 Sales                       20 [email protected]$20 = (400)

Nov 30 Purchases              10 [email protected]$21  = <u>210</u>

Cost of merchandise sold                            <u> 600  </u>

The correct answer is B  

Explanation:

In LIFO method of inventory valuation, most recent stocks are issued first. For instance, sales of 10 units in November 4 will be issued from the November 1 opening inventory and valued at the price of opening inventory.November 17 sales will be issued from November 10 purchases and valued at the price of November 10 purchases.

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3 years ago
Shelton Co. purchased a parcel of land six years ago for $874,500. At that time, the firm invested $146,000 in grading the site
Oliga [24]

Answer:

$926,000

Explanation:

For computing the initial cost of the warehouse project, we consider the current value of the land i.e represent the opportunity cost and the land value which is purchased six years ago for $874,500 represent the sunk cost which is not recoverable now. So, this sunk cost is not relevant.

And, the lease cost is also not relevant as the lease period will be ended soon.

All other information which is given is not relevant. Hence, ignored it

3 0
3 years ago
EB1.
GaryK [48]

Answer:

1,350 units; 918 units

Explanation:

Ending inventory:

= Beginning inventory + Units started - Units completed and transferred

= 750 + 9,500 - 8,900

= 1,350

Equivalent units of ending work in process for Materials:

= 100% complete × Ending inventory

= 100% × 1,350

= 1,350 units

Equivalent units of ending work in process for Conversion:

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= 68% × 1,350

= 918 units

3 0
3 years ago
How does availability of complements act as a value driver?
wariber [46]

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6 0
3 years ago
which strategy for merging two distinct cultures is most effective when the two companies have relatively weak cultureswith over
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Answer:              

integration strategy                      

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In simple words, integration strategy can be defined as a set of activities that are implemented by organisations for combining the activities and operations of the business without making any conflict or chaos during the merger.

In such a strategy both the companies that are merging their business tries to control several different aspects both quantitative and qualitative for example integrating the sully chain management and taking care of work place ethics and codes that run in both the organisations.

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