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Triss [41]
3 years ago
12

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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Which of the following skills do employers in any field expect their employees to have?
Daniel [21]

Answer:

D. Ability to provide a healthy work environment

Explanation:

Every employee should provide a healthy work environment in the workplace.  A healthy work environment is not limited to hygiene issues but extends to works ethics.

Employers will seek employees who are team players.  The employees should be self-motivated, productive, happy, and should be acceptable by team members.

Poor hygiene and poor organization can have adverse effects on the entire team. It will affect communication and general wellness in the workplace.

A good team player will work in any field. The other options in the questions relate to specific careers.

6 0
3 years ago
On January 1, 2019, Upward Company purchased a copy machine. The machine costs $320,000, its estimated useful life is 8 years, a
qwelly [4]

Answer:

$60,000

Explanation:

Depreciation expense using the double declining method = Depreciation factor x cost of the asset

Depreciation factor = 2 x (1/useful life) = 2 / 8 = 0.25

Depreciation expense in 2019 = 0.25 x $320,000 = $80,000

Book value at the beginning of 2020 = $320,000 - $80,000 = $240,000

Depreciation expense in 2020 = 0.25 x $240,000 = $60,000

I hope my answer helps you

6 0
3 years ago
Determine the total equivalent units for direct materials, assuming that the first-in, first-out method is used to cost inventor
Svet_ta [14]

Answer:

37,000 units

Explanation:

The computation of the total equivalent units for direct material is shown below:

= Transferred to finished goods during the month of July + Ending work in process during the month of July - Inventory in process, July 1

= 37,500 units + 3,500 units - 4,000 units

= 41,000 units - 4,000 units

= 37,000 units

We simply applied the above formula so that the total equivalent units for direct materials could come

7 0
3 years ago
Which of the following would not be (True) in the event that a newly admitted partner pays more than book value for his/her inve
ddd [48]

Answer:

c. Record no revaluations, bonus, or goodwill

Explanation:

As new incoming partner is giving more than the investment required it means there is some goodwill or revaluations or bonus involved which requires to be treated in the books otherwise it will be assumed that accounts are not properly reported and capital accounts will not be justified. Third option says no revaluations, bonus or goodwill will be recorded which is wrong.

4 0
2 years ago
When preparing a speech introduction, you should usually?
Scrat [10]
When preparing a speech introduction, you should usually preview the main points to be discussed in the body, gain the attention and interest of your audience, and <span>establish your credibility on the speech topic. This means that the correct answer is all of the above.
It is important that your introduction is interesting, presents everything you want to talk about, and convinces your audience why they should believe you.
</span>
3 0
3 years ago
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