All categories

2 years ago

The units of an item available for sale during the year were as follows:

Business

1 answer:

Assoli18 [71]2 years ago

7 0

Answer:

The ending inventory cost using FIFO is $1,880.

Explanation:

FIFO assumes that the first goods received by the business will be the first ones to be delivered to the final customer.

This means that, any remaining inventory will be valued as if they were the latest goods purchased.

<u>Ending inventory cost calculation :</u>

10 units × $58 = $580

20 units × $65 = $1,300

Total = $1,880

Conclusion :

The ending inventory cost using FIFO is $1,880.

You might be interested in

A manufacturer of disposable foam products entered into a written contract with a take-out restaurant to sell them 5,000 disposa

saveliy_v [14]

Answer:

Option B

Explanation:

Since the contract did not mentioned any thing about the retuning of containers that were not defective, it becomes the obligation of the buyer to pay the final delivery amount on the basis of Good-faith modification.

Hence, option B is correct

3 0

2 years ago

Cash flows from investing activities include all of the following except:

astra-53 [7]

Answer:

(D) Cash proceeds from borrowing

Explanation:

Basically there are three types of activities:

1. Operating activities: It includes those transactions which affect the working capital, and it records transactions of cash receipts and cash payments.

2. Investing activities: It records those activities which include purchase and sale of the fixed assets. It also includes collections on loans and Cash advance to borrowers

3. Financing activities: It records those activities which affect the long term liability and shareholder equity balance.

Options A, B, and C are the investing activities whereas option D is financing activities.

5 0

2 years ago

Coolers Inc., a house appliances manufacturer, has upgraded its technology by making all its appliances work on voice sensors in

Margaret [11]

Answer: The correct answer is "3. platform project".

Explanation: This project is a platform project for Coolers Inc. because the change of voice sensors instead of remote controls or manual operations represents a change of platform for their products in which they have improved their technology.

6 0

3 years ago

Select the correct answer.

riadik2000 [5.3K]

According to the research, Joana is demonstrating responsibility for delivering a last-minute presentation on behalf of her team.

<h3>What is responsibility?</h3>

It is the quality of that individual who fulfills his obligations and assumes the consequences of his acts.

Through it, individuals make decisions consciously and take responsibility for the consequences that may arise from them, in addition, it implies the commitment to fulfill agreements and obligations.

Therefore, we can conclude that according to the research, Joana is demonstrating responsibility for delivering a last-minute presentation on behalf of her team.

Learn more about responsibility here: brainly.com/question/12656357

#SPJ1

7 0

1 year ago

Charleston Company has two departments (Processing and Packaging) and uses a job-order costing system. Charleston applies overhe

olga_2 [115]

Answer:

$1.236= Estimated manufacturing overhead rate

Explanation:

Giving the following information:

Processing:

Direct labor cost= $44,500

Applied overhead= $55,000

To determine the estimated overhead rate, we need to use the following formula:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

55,000= Estimated manufacturing overhead rate*44,500

55,000/44,500= Estimated manufacturing overhead rate

$1.236= Estimated manufacturing overhead rate

3 0

3 years ago