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
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.

You might be interested in
Consultant Co. is in the business of public relation consulting. The firm has two units: Government (working with various levels
Leto [7]

Answer: See attachment

Explanation:

a. Based on the information in the attachment, the indirect costs that's allocated to the units will be:

Government = 450,000

Corporate = 750,000

The expected revenue that can be generated from the government unit will be:

= 495,000 × (100% + 15%)

= 495,000 × 1.15

= $569250

b. Based on the information given, the indirect costs that's allocated to the units will be:

Government unit = 360,000

Corporate unit = 840,000

The revenue from the government will be:

= 405000 × (100% + 15%)

= 405000 × 115%

= 405000 × 1.15

= $465750

c. If the firm chooses total hours worked as the cost driver, the indirect costs be allocated to the two units as:

Government = 400,000

Corporate unit = 800,000

Revenue from government will be:

= 445000 × 115%

= 445000 × 1.15

= $511750

Check attachment for further explanation.

6 0
2 years ago
The field of accounting that focuses on providing information for external decision makers is.
kykrilka [37]
Levels tho i just need a new one to keep it in the bed with the baby baby girl baby
5 0
1 year ago
Outsourcing is becoming more and more common, but it is a controversial idea in the United States. Why do you think this is such
aliya0001 [1]

Answer:

Outsourcing is a contested idea because the original company loses control of the job they are trying to complete. Outsourcing is a bad idea because it also causes jobs to be lost.  (you might want to change the wording a bit.)

Explanation:

8 0
3 years ago
An investment project has annual cash inflows of $2,800, $3,700, $5,100, and $4,300, for the next four years, respectively. The
lubasha [3.4K]

Answer:

Discounted payback period = 1.89 years

Explanation:

If Initial cost is $5,200

Year  Cash flow   Present value   Present value      Discounted

                                 at 11%                                       Cumulative cash flow

0          -5,200             1                      -5,200              -5,200

1            2,800           0.9009             2,523               -2,677

2           3,700           0.811                  3,003                326

3            5,100           0.73126              3,729                4,055

4            4,300          0.6587               2,833                6,887

Discounted payback period = 1 + (2,667/3003)

=1.89 years

Working

PV= (1+i)^-n

i= 11%, n= respective years 0,1,2,3,4

6 0
3 years ago
Why studying central tendency alone is insufficient and calculating dispersion is always needed in both descriptive and inferent
liberstina [14]
Bbbnnnnjjjjjjjjjkkkkbtyoo
8 0
3 years ago
Other questions:
  • Libby bought 250 stocks of a company named Xylet last year. Xylet’s total earning for the year is $ 4million and it has 1,000,00
    13·1 answer
  • It is appropriate to use the fixed assets turnover ratio to appraise firms' effectiveness in managing their fixed assets if and
    11·1 answer
  • When working with international firms, u.s. businesses: select one:
    14·1 answer
  • Crowding Out. The supply of loanable funds curve SLF1 shifts to SLF2. This shift implies that: Group of answer choices national
    6·1 answer
  • makes handheld calculators in two​ models: basic and professional. estimated of manufacturing overhead and machine hours for the
    15·1 answer
  • What is profit?
    14·1 answer
  • Employees cannot be discharged because of their race, national origin, gender, age, disabilities, or being members of __________
    11·1 answer
  • The future of cities in the United States and in other countries will be determined by their ability to benefit from the _______
    10·1 answer
  • A popular financial strategy in which a company is acquired in a transaction financed largely by debt and eventually paid with m
    11·1 answer
  • In at least 150 words, examine the elements that might lead to a worker receiving a higher salary. Be sure to provide details an
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!