Answer:
value of company inventory = $2600
so correct answer is B) $2,600
Explanation:
given data
normal selling price = $20
selling price fallen = $15
current inventory = 200 units
purchased = $16 per unit
cost fallen = $13 per unit
solution
we know that context inventory meaning is that inventory is reported the lower cost or the replacement cost
here lower is replacement cost = $13
so value of company inventory at lower of cost will be
value of company inventory = 200 units × $13
value of company inventory = $2600
so correct answer is B) $2,600
The last one is correct ¯\_(ツ)_/¯
Answer: To make it more likely that the results are not due to a few unusual individuals or circumstances
Explanation: Particular reasons are as follow:
- To check as much data as possible for better results.
- To ensure that the data works same for an individual ,organisation.
- To find all possible error related to data and experiment.
- This is a necessary task for greater satisfaction by doing all kinds of experiment.
- For finding all types of Variables and Variation .
Extra units that are held in inventory to reduce stock outs are called just-in-time inventory. The term inventory refers to both the raw materials utilized in production and the finished commodities that are ready for sale. The first-in, first-out method, the last-in, first-out approach are used for inventory valuation.
Inventory turnover is a major contributor to revenue production and, subsequently, to profits for the company's shareholders, making it one of a company's most valuable assets. Work-in-progress items, finished goods, and raw materials make up the three categories of inventory. It is classified as a current asset on the asset side of a company's balance sheet.
To learn more about inventory, click here.
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