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Phoenix [80]
3 years ago
13

Kenyon Co. uses the perpetual inventory method. Kenyon purchased 400 units of inventory that cost $6.00 each. At a later date th

e company purchased an additional 600 units of inventory that cost $8.00 each. If Kenyon uses the FIFO cost flow method and sells 800 units of inventory, the amount of cost of goods sold will be:_______-
Business
1 answer:
olga nikolaevna [1]3 years ago
4 0

Answer:$5600

Explanation:

The FIFO inventory system is an inventory system where the inventory purchased first is the first to be sold.

If 800 units are sold, the inventory sold would be calculated as:

$6 × 400 = $2,400

$8 × 400 = $3200

=$5,600

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4 years ago
An organization's internal stakeholders consist of Multiple Choice a.the board of directors, customers, and local government.b.t
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The board of directors, employees, and owners are an organization's internal stakeholders.

<h3>What is the role of internal stakeholders?</h3>

People who have a direct interest in a company, such as through employment, ownership, or investment, are said to be internal stakeholders. External stakeholders are people who do not directly work for a company but are nonetheless impacted in some way by the decisions and results of the enterprise. They participate in the company's management and have voting rights.

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7 0
1 year ago
Brainstorm Company purchased office furniture and equipment for $20,000 and agreed to pay for the purchase by making six annual
Studentka2010 [4]

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The required annual installment payment is $4067.25.

Explanation:

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4 0
4 years ago
AIDA, the indirect strategy for persuasive messages, seeks to gain the attention, interest, ________, and action of the audience
alexgriva [62]

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3 years ago
Although there are some clear disadvantages associated with extending credit to customers, such as bad debt costs, most managers
WITCHER [35]

Answer:

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4 years ago
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