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scoray [572]
4 years ago
15

Kingbird, Inc. has the following inventory data: July 1 Beginning inventory 34 units at $22 $748 7 Purchases 120 units at $23 27

60 22 Purchases 17 units at $25 425 $3933 A physical count of merchandise inventory on July 30 reveals that there are 55 units on hand. Using the FIFO inventory method, the amount allocated to ending inventory for July is ____
(A) $1375.
(B) $1231.
(C) $1299.
(D) $1265.
Business
1 answer:
pychu [463]4 years ago
6 0

Answer:

The correct answer is C.

Explanation:

Giving the following information:

July 1: Beginning inventory 34 units at $22

July 7: Purchases 120 units at $23

July 22: Purchases 17 units at $25

A physical count of merchandise inventory on July 30 reveals that there are 55 units on hand.

FIFO (first-in, first-out)

Inventory= 17*25 + 38*23= $1,299

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Answer:

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Explanation:

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3 0
1 year ago
Two alternatives, code-named X and Y, are under consideration at Guyer Corporation. Costs associated with the alternatives are l
sergejj [24]

Answer:

It will be a financial disadvantage of Alternative Y over Alternative X

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Explanation:

\left[\begin{array}{cccc}&X&Y&$Differential\\$Material cost&-43000&-62000&-19000\\$Processing cost&-47200&-47200&0\\$Equipment rent&-17800&-17800&0\\$Occupancy cost&-16800&-25100&-8300\\&&&0\\$Total&-16800&-25100&-8300\\\end{array}\right]

6 0
3 years ago
The toy buyer had the option of ordering stuffed animals directly from the manufacturer or from a nearby wholesaler. The manufac
Degger [83]

Answer:

difference between supplies = $4.68

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4 years ago
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