Answer:
125,200
Explanation:
Adjust inventory to base year prices:
= Cost of ending inventory ÷ cost index for the year
= $136400 ÷ 1.1
= $124,000
Current year LIFO layer:
= Adjust inventory to base year prices - Cost of beginning inventory
= $124,000 - $112,000
= $12,000
Inventory to be shown:
= Add the new LIFO layer at end of period prices to prior year LIFO inventory
= (112,000 × 1) + (12,000 × 1.1)
= 112,000 + 13,200
= 125,200
B.windshields
the other will all cause some sort of contamination
Answer:
The answer is: Salaries and Wages Payable
Explanation:
The accrual principle states that transactions must be recorded on the periods when they occur, and not necessarily when cash flows are associated with them.
This is basic and fundamental for recording expenses, they have to be recorded when they actually happen, not when they are paid for. For example, your company buys a new supplies this month but pays for them with a check due in 45 days. This operation must be recorded today, not in 45 days.