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algol [13]
3 years ago
13

Tamarisk, Inc. just began business and made the following four inventory purchases in June: June 1 162 units $972 June 10 216 un

its 1512 June 15 216 units 1728 June 28 162 units 1458 $5670 A physical count of merchandise inventory on June 30 reveals that there are 216 units on hand. Using the FIFO inventory method, the amount allocated to ending inventory for June is
Business
1 answer:
Marta_Voda [28]3 years ago
4 0

Answer:

Inventory= $1,890

Explanation:

Giving the following information:

Tamarisk, Inc. just began business and made the following four inventory purchases in June:

June 1: 162 units $972

June 10: 216 units  $1512

June 15: 216 units $1728 (1728/216=8)

June 28: 162 units $1458 (1458/162=9)

A physical count of merchandise inventory on June 30 reveals that there are 216 units on hand.

FIFO (first-in, first-out)

Inventory= 162*9 + 54*8= $1,890

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Partridge Bookstore had 500 units on hand at January 1, costing $9 each. Purchases and sales during the month of January were as
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Answer:

D) $3,285.

Explanation:

Date                                                  Purchases        Sales

Jan. 1   initial inventory 500 @ $9

Jan. 14                                                375 @ $14  

Jan. 17                                                250 @ $10  

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Jan. 29                                               260 @ $16  

January 31 only 365 units left.

Under LIFO what is the cost of inventory?

365 units x $9 per unit = $3,285

7 0
3 years ago
A senator wants to raise tax revenue and make workers better off. A staff memberproposes raising the payroll tax paid by firms a
algol [13]

Answer:

This proposal will not work.

Explanation:

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8 0
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3. Vegetables wilt or soften and their color intensifies as they
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[] Answer []

\boxed{Boil}

[] Explanation []

<u><em /></u>

<u><em>Vegetables wilt or soften and their color intensifies as they boil</em></u>.

      When boiling vegetables, the food will be sitting in a pot of water with the heat on low, medium, or hight. Once the water gets warmer, the water will cook the vegetables, causing them to get tender and softer. This will cause the vegetables color to get darker, and go limp.

       When boiling vegetables, the flavor will not intensify, just the color, and it's shape. The water will drain any tase from the vegetable, but it will cause the food to go limp and get softer. Boiling is a famous way to cook your favorite vegetables, although the taste is not highly favored among lots of people.

\boxed{[] \ Eclipsed \ []}

8 0
3 years ago
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Answer:

No adjustment in records can be made until the asset is sold.

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