Answer:
the ending inventory using the LIFO method is $1,225
Explanation:
The computation of the value of the inventory using the LIFO method is shown below;
Since there are 196 closing units
So,
= 146 units × $6 + 49 units × $7
= $882 + $343
= $1,225
The $6 come from
= $882 ÷ 147 units
And, $7 comes from
= $1,372 ÷ 196 units
Hence, the ending inventory using the LIFO method is $1,225
Answer
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
There must be a<u> cordial relationship</u> and trust between two manufacturers in a business ecosystem working towards developing a new product for consumers.
<h3>What is a Business Ecosystem?</h3>
A business ecosystem is a deliberate commercial arrangement involving two or more organizations to develop and share a common value for consumers.
Every business ecosystem contains participants, and at least one of them serves as the controller. There must be a<u> cordial relationship</u> and trust between two manufacturers in a business ecosystem working towards developing a new product for consumers.
The primary advantage of adopting business ecosystems is to be better positioned, promote innovation, and maximize capital efficiency in order to produce customer value.
Learn more about Business Ecosystem here:
brainly.com/question/3723558