Answer:
$6745
Explanation:
Given: Beginning inventory is 77 units at the cost of $19 per unit.
Purchased inventory is 476 units at $19 per unit.
Sales during the month is 355 units at $45 per unit.
Now, let´s find the cost of goods sold using LIFO method.
We know, LIFO method is Last in first out, which sell out inventory, which are most recently purchased. In a period of rising prices, LIFO inventory method tends to give the highest reported cost of goods sold.
As sales unit is 355 units.
Let´s take units from recent purchased inventory.
Cost of good sold= 
Hence, the cost of goods sold using the LIFO method is $6745.
40%
An easy baby and a tough baby vary primarily in that the former has more periodic bodily processes and more positive responses to stimuli, whilst the latter has fewer normal body processes and more negative responses.
Every parent wishes their children were simple. Parents with challenging infants may harbour envy for those of peaceful infants. However, studies suggest that having kids with a challenging temperament is not always a bad thing. This article will define temperament, examine the three varieties of temperament, and instruct you on how to handle a challenging infant.
Each kid is unique from birth despite since they are reared in the same home, as parents of several children are already aware. New-borns display various ways of responding to their surroundings right away.
To know more about easy baby refer to brainly.com/question/15607034
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The opportunity cost of a decision refers to the benefits that a person misses out on when choosing a particular alternative over another one. Knowing the opportunity cost of your choices is likely to help you make better decisions in an informed way.
In this example, if you were to choose the Maroon 5 concert, the benefit that you would miss out on would be the chance to attend a Taylor Swift concert. This is a real possibility as the tickets are under budget. The consequence would be very significant as you are a huge Taylor Swift fan.
Answer:
$208
Explanation:
Using the FIFO Inventory method, inventory items are assumed to be sold in the order in which they were purchased from the earliest to the latest.
The order of purchase of the inventory items are.
Jun. 1, DVD Player 1012, $113
Nov. 1, DVD Player 1045, $95
Nov. 31, DVD Player 1056, $88
Therefore, if two of the three items are sold, the cost of goods sold is the cost of the first two items purchased
= 113 + 95 = $208.
Answer:
Yes, once I was working in a clothing retail store as a manager and my company wanted to expand their business by opening another outlet. We had two locations in out mind but the funds were enough to open only one. After a thorough analysis we decided to open it near the central station of the city.
The opportunity cost of the decision is the income lost from the other location that was near the biggest mall of he city. The only reason behind choosing the first alternative is the potential footfall near the location.
