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
Sergeu [11.5K]
4 years ago
8

One identical unit is purchased on each of the following three dates and at the respective costs: June 1 at $10 June 2 at $15 Ju

ly 4 at $20 The company sells two units during the period. Conclude which inventory items are sold first and which unit remains in ending inventory if the company is using the FIFO cost flow assumption.
Business
2 answers:
Tcecarenko [31]4 years ago
5 0

Answer:

Sold first - June 1 at $10

Sold first - June 2 at $15

Ending inventory - July 4 at $20

Explanation:

In the FIFO Method, when the first product is acquired it is sold first or dispose of.  

In the given question, one identical unit is purchased on three dates, and the company sold two units  

So, the selling units would be  

June 1 at $10  

June 2 at $15  

And, the remaining stock would be considered as an ending inventory i.e July 4 at $20

wlad13 [49]4 years ago
4 0

Answer:

<em><u>The answer is</u></em>: <u>The two June products are sold first</u>: <u><em>June 1 at $ 10 </em></u>

<u><em>June 2 at $ 15</em></u>, <u>and the product of the month of July is pending</u>: <em><u>July 4 at $ 20.</u></em>

<em><u /></em>

Explanation:

The FIFO method is an inventory valuation technique whose acronym corresponds to “<u>First In, First Out</u>”. Assume that the cost flow is based on the fact that the first products purchased are also the first products that are sold.

<em><u>The answer is</u></em>: <u>The two June products are sold first</u>: <u><em>June 1 at $ 10 </em></u>

<u><em>June 2 at $ 15</em></u>, <u>and the product of the month of July is pending</u>: <em><u>July 4 at $ 20.</u></em>

You might be interested in
Clever tests to discriminate between alternative explanations. LaPorta, Lakonishok, Shleifer, and Vishny ("Good News for Value S
yulyashka [42]

Answer:

The answer to the above question is:

"The return patterns around earnings announcement is an example of behaviorial pattern exhibiting as more investors flock to buy the stock which has shown better earnings thus driving up the price. In an efficient market, this information would already be built into the price and thus there would not be any appreciable change in price post earning announcement".

Explanation:

8 0
3 years ago
Discuss how either good or poor quality affects you personally as a customer. Give specific examples and describe an experience
lys-0071 [83]

Answer:

Quality is the perhaps the most desired thing in a good or service, however, sometimes, as customers, we have to compromise on quality for a cheaper price.

Personally, I look for quality when I buy a laptop. I have had four laptos in my life. Two of those laptops were HP, and the two other were Lenovo.

I had a good experience with my first HP laptop, so I bought another one years later. That second HP had many technical issues only a few months after the purchase, and a year later I ended up buyina new Lenovo laptop.

That first Lenovo lasted for over 4 years until I replaced it for a new one.

In this case, the lack of quality I have personally experienced with HP has made me ditch the brand altogether.

4 0
3 years ago
In which business stage do you decide wether a business opportunity is a god fit for you personally
Kaylis [27]

Identify.

In the identify stage, you will determine if the opportunity fits your skills, interests, and goals.

4 0
3 years ago
Assume that interest rate parity holds and that 90-day risk-free securities yield 6% in the United States and 6.5% in Germany. I
Marianna [84]

Answer: 1.356345

Explanation:

Based on the scenario and information provided in the question, the 90-day forward rate will be calculated as:

= Spot Rate × (1 + Germany Interest Rate) / (1 + United States Interest Rate)

= 1.35 × (1 + 6.5%) / (1 + 6%)

= 1.35 × (1 + 0.065) / (1 + 0.06)

= 1.35 × 1.065/1.06

= 1.35 × 1.0047

= 1.356345

3 0
3 years ago
What is the SNAP food program governed by the farm bill
nevsk [136]

Answer:

The Supplemental Nutrition Assistance Program (SNAP) helps families, older adults, and individuals pay for groceries. ... SNAP benefits provide food security, stimulate local economies, and support farmers and the agriculture industry through the purchases of Pennsylvania-grown and processed foods.

Explanation:

3 0
3 years ago
Other questions:
  • An entrepreneur conducted many experiments in a project without success. What characteristic must this person have to succeed?
    5·2 answers
  • A woman plans to work for 25 years and to make deposits into a retirement fund at the amount of 100 at the end of each month. Th
    13·1 answer
  • Davidson offers several solutions to the major issues, stating that fiscally we are actually not a nation that is divided on the
    9·1 answer
  • ) You purchased a call option for $3.45 17 days ago. The call has a strike price of $45 and the stock is now trading for $51. If
    12·1 answer
  • Three soft skills i need an answer
    10·1 answer
  • On January 1, 2021, Gillock Climbing Academy instituted a defined benefit pension plan for its employees. The annual service cos
    8·1 answer
  • Help plz
    7·2 answers
  • ¿La desigualdad social, puede afectar en los principios de administración de una empresa?
    14·1 answer
  • Joey moved from NY to NV because he was transferred by his employer, Big Casinos Inc. His employer reimbursed his moving expense
    12·1 answer
  • 1. What are some strategies that you can use to prepare to file taxes each year? What would
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!