Answer:
45.60
Explanation:
the policy indicates that 30% of the production of the following month is the desired inventory at the end of the current month.
For the end of April, the projected units for the following month, 38,000 units, which require 4 pounds each.
38,000 x 4 = 152,000 pounds needed in May.
Inventory at the end of April 30% x 152,000 = 45600 Pounds
The board of directors will pay dividends to the stockholders.
The answer is true, Accounts payable is a single general ledger account that summarizes the total amount owed to all vendors. Accounts payable are amounts which are owed by you to your suppliers for the purchase of trade goods or services, they are sometimes referred to as trade payables or trade creditors. Under normal circumstances, they are normally unsecured, and non-interest bearing.
Answer:
FIFO ending inventory 300 dollars
LIFO ending ivnentory 200 dollars
Explanation:
May-1 Inventory 30 units at $8 $ 240
15 Purchases 25 units at $11 $ 275
24 Purchases 35 units at $12 $ 420
Total good available 90 units for a value of $935
We sale 65 units therefore, 25 units remains in our ending inventory.
FIFO will sale the first units leading the newest for inventory
So May 24th would be our ending inventory:
25 units x $12 = $300
LIFO will sale the newest and leave the oldest as inventory.
May 1st units are still at inventory according to LIFO
25 units x $8 = $200
