All categories

3 years ago

The following lots of Commodity Z were available for sale during the year.

Business

1 answer:

quester [9]3 years ago

5 0

Answer:

The year end closing inventory is $1256

Explanation:

The LIFO or Last In First Out method of inventory valuation follows that the latest or last purchased inventory will be the one that is sold first. Thus, under this method, the inventory that is purchased at start will be the one that will be left at the end and will form up the ending inventory.

The ending inventory of 24 units means that these units will comprise of inventory from the beginning of the period.

Thus, out of these 24 units, 8 units will be from the beginning inventory and the remaining from the first purchase (24 - 8 = 16).

The cost of ending inventory will be,

8 units at $49 per unit = $392

16 units at $54 per unit = $864

The total amount of closing inventory is = 392 + 864 = $1256

You might be interested in

3. Why would the sale of counterfeit products through its sites be damaging to Alibaba?

timurjin [86]

Reputation.

If a company has a bad reputation of allowing the sale of counterfeit goods, buyers will not trust the site and will not buy from it.

3 0

3 years ago

Read 2 more answers

In 2002 Ortega's nominal income rose by 4.6 percent and the price level rose by 1.6 percent. We can conclude that Ortega's real

monitta

Answer:

c rose by 3 percent.

Explanation:

Real income is nominal income less price level changes.

Real income = nominal income - changes in price level

4.6 % - 1.6% = 3%

I hope my answer helps you

4 0

3 years ago

Describe two methods you would use to find potential employees if you were in charge of advertising a job for a company. Explain

likoan [24]

Answer

• Use Employee referral Programs

• Hire for Attitude and then do training for skills

Explanation

Employees working in your organization can be a valuable source of knowledge need when recruiting. They have friends and acquaintances that are in the same field. Come up with a policy that will enable staff refer suitable candidates for job positions in the company.

A smart recruiter should search for attitude when recruiting employees because skills can be gained. The best candidate should show a positive attitude towards a position with the required skills which is in most cases difficult to find. The technique to employ here as a recruiter is to find a person with a positive attitude towards a job posting.

6 0

3 years ago

One of the major disadvantages of a sole proprietorship is

stepladder [879]

Answer:

One of the major disadvantages of a sole proprietorship is Unlimited Liability The Owner Has For The Debts Of The Firm.

3 0

3 years ago

Under the principles of agency law, any sale of goods by a salesperson in a store to a customer can be binding on the owner of t

NeX [460]

Answer: True

Explanation:

Under Agency Law in relation to employment, the salesperson is acting as an agent of the owner of the store and as such is their representative. As their representative, it is assumed that whatever they are selling is from the Owner whom they represent and as such can be binding on the owner.

This is why the Agent must act in the best interest of the owner because the owner could be held negligent for the actions of their agents. For instance, a salesperson will not be sued for a faulty equipment that caused harm but the store can.

4 0

2 years ago