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cupoosta [38]
3 years ago
6

For the current month, buy n large's beginning inventory included 1,200 units costing $12 per unit. during the month, buy n larg

e made two purchases: 500 units at $13 per unit, and 2,000 units at $13.50 per unit. buy n large also sold 2,150 units during the same month. buy n large uses the periodic inventory system. can you determine the ending inventory with the first-in first-out (fifo) method?
Business
1 answer:
fiasKO [112]3 years ago
6 0

Calculation of the ending inventory with the first-in-first-out (FIFO) method:


Number of units in the ending inventory = Units in the beginning inventory + Units Purchased – Units sold

Number of units in the ending inventory = 1200+(500+2000)-2150 = 1550 units


Under the FIFO method the ending inventory belongs to the latest purchases. Hence, 1550 units shall belong to the latest purchase @ $13.50 per unit.


Hence, Cost of ending inventory using FIFO method = 1550 units @$13.50 = <u>$20,925</u>





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mr Goodwill [35]

Answer:

This is an absolutely  great idea. The only problem is where are you planning to hold your Business? Where are you selling these candies? How will you spread the word? What can you do to make sure people come back and want more of your product?

Explanation: I always wanted to sell candy when I was little but never pulled the trigger on it. For starters I think you should make the names a bit more of a friendly connotation so people don't assume the worst of your product. Your best bet to sell your items and candies would be at school. Now to be honest more kids are carrying money around now than they ever had when I was in elementary-middle school. This is your best bet. Make sure when you are selling your candies to not go in debt with your business, so many people I know tried this and failed because they put way more money then they were making because they thought it would pay off. Yes sometimes take the risk but almost always if your just trying to make a couple bucks, take it easy and sell for a reasonable price. If it costs about $10 to make "Brown Cows" for about 20 people then sell each brown cow for $1.25 per stick. If you have 20 people who are willing to buy you would make 15 dollars profit. Final thing is actually finding people to sell to. Most people go at these type of things alone which I think is a great idea. But if you want to get the word out even more tell a popular kid that you will pay him 5  for every 20 "Brown Cows" he sells. You can really pay him anything you want as long as your not going over your profit margin! Good luck and I would love to know how this goes!

7 0
3 years ago
If bonds with a face value of $208,000 are issued at 97, the amount of cash proceeds is ____
madam [21]

Answer:

C) $201,760

Explanation:

To compute the amount of cash proceeds, we have to multiply the bonds face value with the issued price percentage.  

Since only issue price is given, so we assume it is in percentage form because the number of shares is not given in the question. So, we assume this.  

In mathematically,  

Cash proceeds = Face value × 0.97

                          = $208,000 × 0.97

                          = $201,760

4 0
4 years ago
Renee operates a proprietorship selling collectibles over the web, and last year she purchased a building for $24 million for he
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Answer:

$30.1

Explanation:

Adjusted basis refers to the net value of an asset after considering depreciation and capital investments. It is the net value of an asset.

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For Renee, adjusted taxable income will be,

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Net expenses equal to total revenue minus depreciation minus interest paid

=$78.1, - $10.1 - $12.7

=$54.9

Adjusted taxable income= Total revenue - net expenses

= $85 - $54.9

=$30.1

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