1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
tresset_1 [31]
3 years ago
11

Winnebago Industries, Inc. is a leading manufacturer of motor homes. Suppose Winnebago reported ending inventory at August 29, 2

017, of $46,850,000 under the LIFO inventory method. In the notes to its financial statements, assume Winnebago reported a LIFO reserve of $30,346,000 at August 29, 2017. What would Winnebago Industries' ending inventory have been if it had used FIFO?
Business
1 answer:
Ad libitum [116K]3 years ago
7 0

Answer:

Winnebago Industries' ending inventory have been if it had used FIFO is $77,196,000

Explanation:

The computation of the ending inventory under FIFO method is shown below:

= Ending inventory under LIFO inventory method  + LIFO reserve

= $46,850,000 + $30,346,000

= $77,196,000

For determining the ending inventory under the FIFO method, we added the ending inventory under the LIFO method and LIFO reserve so that accurate value can come.

You might be interested in
Does the fact that your bank keeps only a fraction of your account balance in reserve worry you? Why don't people rush to the ba
m_a_m_a [10]

Answer

The answer and procedures of the exercise are attached in the following image.

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. Is an opinion what contains the image. Judge it like it is.

4 0
3 years ago
Gary is the marketing manager for an automobile dealership. his boss tells him the firm's primary goal is to increase its local
Ksju [112]
His firm is using a sales orientation
Sales orientation refers to a business technique that rely on it's selling and persuasion technique as their main source of income.
Company that use sales orientation usually sold a type of product that is high in price and not commonly bought by the costumers in large quantity.
7 0
3 years ago
Jack and Diane decided to remodel their kitchen. They removed their old cabinets and replaced them with newer, nicer cabinets. T
Hitman42 [59]

Answer:

The answer is: $2,500

Explanation:

According to the IRS, the cost basis for any asset should be the original cost adjusted by its depreciation.

Since Jack and Diane aren't able to determine the depreciation expenses for the cabinets, they should use their fair market value as cost basis.

4 0
3 years ago
Which of the following people is functioning as a producer?
Natalija [7]

Answer:

D. Simon, who is baking a cake that will be sold in a bakery

Explanation:

Simon is the producer here because he is producing a product to sell on the market.

3 0
3 years ago
_____ was founded in 1945, one year after the creation of the world bank, to promote trade through financial cooperation and eli
Eva8 [605]
International Monetary Fund (IMF) <span>was founded in 1945, one year after the creation of the world bank, to promote trade through financial cooperation and eliminate trade barriers in the process.
</span>IMF <span>is an international organization headquartered in Washington, </span> responsible for ensuring stability of the international monetary system.

6 0
2 years ago
Read 2 more answers
Other questions:
  • Solomon works in the finance department of a hospital operated by the country’s national health service. The hospital wishes to
    6·2 answers
  • What is included in phase ii of casualty assistance?
    15·1 answer
  • ​___________ business intelligence is used to bring​ meaningful, performance-related information to all employees.
    15·1 answer
  • Companies use technology cycles and innovation streams for which of the following purposes? A. To create a competitive advantage
    5·1 answer
  • Henry has been newly appointed as the head of the HR team at AAS Technologies. In an attempt to establish a more efficient and r
    11·1 answer
  • Under variable costing, which of the following costs would be included in finished goods inventory? a.salary of vice president o
    13·1 answer
  • 16. Which type of footwear should be worn while working on a hybrid vehicle?
    8·2 answers
  • "Individuals who participate in coaching programs that provide information on interviews and tips on successful interviewing ten
    9·2 answers
  • g Builtrite has calculated the average cash flow to be $16,000 with a standard deviation of $4000. What is the probability of a
    5·1 answer
  • You are working with your project team to schedule activities for your construction project. You have the carpet installation ac
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!