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3 years ago

Tamarisk, Inc. has the following inventory data:

Business

1 answer:

disa [49]3 years ago

4 0

Answer:

COGS= $5,910

Explanation:

Giving the following information:

Beginning inventory= 90 units at $19

Purchases 315 units at $20

Purchases 45 units at $22

Ending inventory= 150 units

First, we need to determine the number of units sold:

Units sold= 450 - 150= 300 units

Under the FIFO (first-in, first-out) method, the cost of goods sold is calculated using the cost of the first units incorporated:

COGS= 90*19 + 210*20= $5,910

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<h2>The answer, in this case, would be true or option a) given in the answer choices.</h2>

Explanation:

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2 years ago

The following information pertains to Sheridan Company.

DanielleElmas [232]

Answer:

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2 years ago

A company had inventory on November 1 of 5 units at a cost of $20 each. On November 2, they purchased 10 units at $22 each. On N

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Answer:

The value of the inventory on November 8 after the sale is $276.

Explanation:

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2 years ago

A treaty that can be signed between two or more countries to lower tariffs and improve the import and export of goods is a free

klio [65]

When a treaty is signed between nations to lower tariffs and improve imports, this is a free trade agreement. This is <u>True</u>.

<h3>What is a free trade agreement?</h3><h3 />

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2 years ago

Consider the following capital budgeting problem, you invest 100 and expect to receive $50 in each of the next three years. The

Zanzabum

Answer:

What is the initial cost of the project?

the initial cost or initial outlay = $100

how much value is created?

the NPV of the project = -$100 + $50/1.1 + $50/1.1² + $50/1.1³ = $24.34

the NPV basically gives us how much value or wealth is created by the project

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2 years ago