Answer:
Closing Inventory value is $3,485.
Explanation:
FIFO is the inventory costing method which assumes that the item purchased earlier will be sold first and the item purchases at last will be sold at last.
According to FIFO the inventory cost of McCarthy Company is as follow:
Date Description Price Unit Total Balance
October 1 Opening $200 8 $1,600 $1,600
October 2 Purchases $205 20 $4,100 $5,700
October 4 Sales $200 8 $1,600 $4,100
Sales $205 3 $615 $3,485
Closing Inventory value is $3,485.
Answer:
B. Using census data to find information about your target market
Explanation:
Answer:
Because as more hats are produced less grapes can be produced.
Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.
There are two commodities that can be produced by the country- hats and grapes.
If the country decides to increase production of hats, it has to reduce the quantity of hats that can be produced, therefore the opportunity cost increases.
Explanation:
For example, let assume a country can produce 30 grapes and 30 hats. If it decides to increase the amount of hats produced to 40, only 20 grapes can be produced. If it decides to increase to 50 hats only 10 grapes would be produced and if it decides to produce 60 hats, no grapes would be produced.
It can be seen that opportunity cost increases as more hats are produced
I hope my answer helps you
Answer:
A. It is relatively inexpensive.
B. It is popular and widely used.
C. It is included in Microsoft Office.
D. It is compatible with other systems.
Explanation:
just did it on excel
Answer:
B) $30,500
Explanation:
Calculation for Kapanga's work in process inventory balance at the end of October
First step is to calculate the Variable Overheads
Variable Overheads = 150% × $5,000
Variable Overheads = $75,000
Now let calculate work in process inventory balance using this formula
Work in process inventory balance = Direct Material + Direct Labor + Variable Overheads
Let plug in the formula
Work in process inventory balance= $ 18,000 + $ 5,000 + $ 7,500 = $ 30,5000
Work in process inventory balance= $30,500
Therefore Kapanga's work in process inventory balance at the end of October will be $30,500
