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Ann [662]
3 years ago
6

Morgan Industries is comparing and contrasting its ending inventory value in terms of the three common inventory costing methods

in order to help management determine the most appropriate method to use. The company determines three values, which are $96,000, $100,000, and $105,000. If management determines that $100,000 is the most appropriate value for its ending inventory, what inventory cost method has it most likely chosen?
Business
1 answer:
inn [45]3 years ago
6 0

Answer:

Weighted average inventory cost method.

Explanation:

The Weighted Average Cost (WAC) technique for stock valuation utilizes a weighted normal to decide the sum that goes into cost of goods sold and inventory. The weighted inventory cost technique separates the expense of products accessible available to be purchased by the quantity of units accessible available to be purchased.

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Answer:

a. The current market value of the land

Explanation:

An expansion project costing plays a huge role. According to relevant cost, all irrelevant cost in the business should not be considered while analyzing a project. In the past, cost incurred in purchase of the land and its improvement is sunk cot, hence these expenditure ares irrelevant while analyzing the expansion project. The only cost which is to be considered is current market value of the land.

5 0
3 years ago
Job 434 was recently completed. The following data have been recorded on its job cost sheet:______.
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Answer: $26.48

Explanation:

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Target Corp therefore does indeed have liabilities that exceed owners equity and by a substantial amount. This has also been the trend since at least 2015.

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