Answer:
C. Finished Goods Inventory has decreased.
Explanation:
Cost of goods manufactured (COGM) increases when finished goods inventory is <em>produced</em>, while cost of goods sold (COGS) increases when finished goods inventory is <em>sold</em>. If COGS has been increasing faster than COGM has been increasing, the company has been selling more goods than it has been producing. Therefore, it must have sold goods from its surplus of finished goods inventory. Thus, finished goods inventory has decreased.
Answer:
The price elasticity of demand for the students is:
inelastic.
Explanation:
The price elasticity of demand for the students is inelastic because there is no change in the quantity demanded by students that changes the price at which pizza is sold to the students. If one student buys the pizza, the price charged remains $10 and if 1,000 students buy the pizza, the price remains $10 per unit. Therefore, students' demand for the pizza is said to be static irrespective of price because the price is fixed.
<span>One of your goals you have set for your company is to expand our product line the statement is not clear and it's not measurable. The product line is the concentration of the same products which are categorized from the same brand. </span>
Answer:
Inventory= $3,240
Explanation:
Giving the following information:
They made the following purchases during August:
August 01: 300 units $1,560 total cost
August 12: 400 units 2,340 total cost
August 24: 400 units 2,520 total cost (2520/400= $6.3)
August 30: 300 units 1,980 total cost (1980/300= $6.6)
A physical count on August 31 reveals that there are 500 units on hand.
FIFO (first-in, first-out)
Inventory= 300*6.6 + 200*6.3= $3,240