Answer:
very few hierarchical levels
Explanation:
According to my research on different company organizational structures, I can say that based on the information provided within the question Herman Miller is most likely an organization that has very few hierarchical levels. This is since it is mentioned that the employees are placed in teams that are not higher or lower in rank from one another, but at the same time there is still a boss of the company. Therefore there are hierarchical levels but they are extremely few.
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Answer:
COGS= $5,910
Explanation:
Giving the following information:
Beginning inventory= 90 units at $19
Purchases 315 units at $20
Purchases 45 units at $22
Ending inventory= 150 units
First, we need to determine the number of units sold:
Units sold= 450 - 150= 300 units
Under the FIFO (first-in, first-out) method, the cost of goods sold is calculated using the cost of the first units incorporated:
COGS= 90*19 + 210*20= $5,910
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