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Gennadij [26K]
3 years ago
15

King Costume started the month with 8 masks in its beginning inventory that cost $10 each. During the month, King Costume purcha

sed 40 additional masks for $12 each. At the end of the month, King counted its inventory and found that 5 masks remained unsold. If King Costume uses LIFO periodic, its Cost of Goods Sold for the month isa. $434.
b. $440.
c. $24.
d. $428.
Business
1 answer:
strojnjashka [21]3 years ago
4 0

Answer:

$510

Explanation:

                                          units          cost             total

beginning inventory             8            $10               $80

purchases                            40           $12             $480

ending inventory                  5

                                                     FIFO ⇒ $12         $60

                                                     LIFO ⇒ $10         $50

                        average = $560 / 48 ⇒ $11.67    $58.33

under LIFO, the cost of goods sold = ($80 + $480 ) - $50 = $510

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Answer:

The resulting CA percentage for the week to the nearest number is 94%

Explanation:  

CA refers to Commitment Adherence.

Commitment Adherence (CA) is a way to calculate the reliability of an employee in relation to how much time they put into their work.

Put differently, it is a mathematical comparison between how much time you stated that you were going to work versus the actual amount worked. This concept is prevalent with people who use clock-in and clock-out system to measure productivity.

Step 1

The formula for calculating Commitment Adherence (CA) is:

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When you log out at about 5 minutes early it translates to 83% because each interval is 30 minutes. So 23/30 = 83%

Step 2

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Total number of intervals selected =

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Cheers!

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