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noname [10]
2 years ago
7

Adam Company has 100 units costing $300 in beginning inventory. During the year, the company purchases 900 units for a total cos

t of $2,880. At the end of the year, a physical count reveals that 200 units remain in ending inventory. If the company uses the FIFO method, the cost of ending inventory will be:
Business
2 answers:
shutvik [7]2 years ago
8 0

Answer:

The value of the ending inventory is $ 640

Explanation:

First we have to make a table showing the inventory movements.

Beginning inventory                            100 units                         $    300

Purchases                                             900 units                        $ 2,880

Ending inventory                                   200 units

Adam Company uses the FIFO method which means that the units sold shall be valued at the opening inventory plus purchases. The ending inventory shall be priced at the purchase value.

The unit value for purchases is $ 2,880/900 = $ 3.20 per unit.

So the value of the ending inventory shall be

200 units * $ 3.2 per unit   = $ 640

anyanavicka [17]2 years ago
6 0

Answer:

ending inventory = $620

Explanation:

beginning inventory        100 units           $300          $3 per unit

purchases                        900 units         $2,880        $3.20 per unit

ending inventory             200 units               ???               ???

Under FIFO method (first in, first out), the first units purchased (oldest) are the first units to be sold.

Since the ending inventory = 200 units and using the FIFO method:

  • 100 units x $3 per unit = $300
  • 100 units x $3.20 per unit = $320

ending inventory = $300 + $320 = $620

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3 years ago
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Answer:

See explanation section.

Explanation:

Requirement 1

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As the future of the world is getting modernized, General Electric company is focusing on software and the Internet of Things. GE is trying to take its customers base from traditional on-site manufacturing to digital software-based operations. The launch of sensor-generating data has revolutionized the success. Using cloud-based data make the company more productive and reliable. The overall thinking towards the future is superlative.

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2. Since Predix is a high standard cloud-based protocol, it enables customers to join quickly to the mechanical market.

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Answer:

Structural frame

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Structural frame of an organisation is how the systems are structured including goals, technology, roles of different staff, and relationships. All other frames are dependent on the structural frame, the manager should make sure it achieves the business goals efficiency.

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3 years ago
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Answer:

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Explanation:

If the market research survey is available for $10,000.

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Therefore Expected Value of the information = $65,000+$62,000 - $10,000  = $117,000

7 0
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Answer:

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The other detailed steps and appropriate analysis is shown in the attached file.

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