Answer:
Ending inventory (EI) = 19,619
Cost of goods sold (COSG) = 7,085
Explanation:
To calculate COSG using FIFO, we have to take the first units purchased and then take the next ones purchased.
In this case:
- 65 units * $62 = 4,030
- 168 units * $63 = 10,584
- <u>77 units * $ 65 = 5.005</u>
- COSG 310 units = 19,619
The EI will be the remaing units:
EI = 109 units * $65 = 7,085
The Initial Inventoriy company and purchases total: (4,030 + 10,584 + 12,090) 26,704. That is the total amount of inventory. Those units are sold or are in the EI, so COSG and EI must total the same amount: 19,619 + 7,085 = 26,704.
Regarding business intelligence and analytics capabilities, a production report could include submitting financial documents to the sec using xbrl (industry-specific requirements).
<h3>What is a
production reporting?</h3>
Production reporting typically allows organizations to send bulk reports to customers via email, file transfer protocol (FTP), or other mediums.
These reports give users information on the status of their operations, allowing them to see what is going on at an unparalleled level of clarity and make data-driven decisions based on facts and numbers.
Production reports are used for analyzing production information and are graphically presented by enterprise, shift, equipment, or facility to deliver the level of detail required to empower business decisions.
To learn more about production report, refer
https://brainly.ph/question/8891781
#SPJ4
Arnold is functioning in a <u>managerial</u> position at Galbrook Manufacturing.
<u>Explanation:</u>
A non-managerial executive job is to look at the everyday tasks of the workers. Management jobs are those professions where the job responsibilities are to accomplish things through other people's work, instead of doing the primary oneself.
An Effective Manager is the one who is committed to working efficiently together with the staff, out of respect for the organization's good will and target achieving strategy. This post always show some real respect and kindness for the employees under post.
Answer:
$51,200
Explanation:
Gross income computation includes all forms of income such as wages, rents, royalties, dividend etc. However, gifts and inheritances are not considered as a part of the gross income.
Therefore, Sandy's gross income consist of her salary, and the interest income
Sandy's Gross income = 50000 + 1200
= $51,200
The inheritance of her grandmother's estate and car gift are not included as a part of Sandy's gross income.