Answer:
The answer is: $100,000
Explanation:
Under LIFO (last in, first out) costing method, we use the oldest costs are used to determine the ending inventory:
We were given the following data:
- Jan. 1: 8,000 purchased at $11 per unit
- June 19: 13,000 purchased at $12 per unit
- Nov. 8: 5,000 purchased at $13 per unit
If the ending inventory had 9,000 units, then its total cost is:
Ending inventory = (8,000 units x $11 per unit) + (1,000 units x $12 per unit)
Ending inventory = $88,000 + $12,000 = $100,000
work, hard work, employees,gain/profit
Auction sites like ebay have increased opportunities for CONSUMER TO CONSUMER marketing. This is because the internet network makes it possible for consumers to have contact with one another and to buy and sell to one another.
b. percentage change; quantity demanded; percentage change; price
No stocks can affect any business in which you may shop at. not owning any stocks could affect you by price changes in the business
