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3 years ago

Which inventory method generally results in costs allocated to ending inventory that will approximate their current costs?

1 answer:

4 0

Which inventory method generally results in costs allocated to ending inventory that will approximate their current costs? FIFO. The FIFO inventory method stands for first-in, first-out. This method allows businesses to keep track of their inventory on an old inventory out before the new inventory basis. The first out inventory is recorded as the first items sold even if they aren't exactly the oldest item.

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The manufacturing operations of a company had the following balances for the year: Beginning Balance Ending Balance Raw material

Mekhanik [1.2K]

Answer:

The Adjusted Cost of Goods Sold for the year is $926,000

Explanation:

The formula to compute COGS is:

Ending inventory = Opening inventory + Work in progress - Unadjusted COGS (Cost of Goods Sold)

$ 23,000 = $28,000 + 918,000 - COGS

COGS = $946,000 - $23,000

= $ 923,000

The formula to compute the Adjusted Cost of Goods Sold is:

Adjusted Cost of Goods Sold = Unadjusted Cost of Goods Sold + Under- applied overhead

= $923,000 + $3,000

= $926,000

3 0

3 years ago

Which of the following is true of budgeting? Select one: a. Budgeting eradicates the need for keeping a buffer against uncertain

viva [34]

Answer:

The Correct Answer is "C"

Explanation:

Planning depends on the control cycle to structure the arranging cycle for future activity. Therefore, the budgeting plans are just to gauge which are then utilized for building the correlation with actual to decide the execution assessment. Furthermore, the planning powers does not assist in arranging the future outcomes

7 0

3 years ago

Assume all markets are in long-run equilibrium. Market price in a duopoly would be ________ the market price in a monopoly, and

Vladimir [108]

Answer:

Assume all markets are in long-run equilibrium. Market price in a duopoly would be greater than or equal to the market price in a monopoly, and less than or equal to the market price in a competitive market.

Explanation:

That is the logical answer to the question about markets that are in long-run equilibrium.

4 0

3 years ago

Marketers segment markets to achieve which of the following objectives?

Zolol [24]

<h2>Question:</h2>

→Marketers segment markets to achieve which of the following objectives?

<h2>Choices:</h2>

a. To create an offer that best fits the desires of the groups that exist in the market.

b. To identify the most appropriate media for advertising,

C. To better understand their target segments.

<h2>Answer:</h2>

a. To create an offer that best fits the desires of the groups that exist in the market.

<h2>Explanation:</h2>

→marketing efficiency by directing effort specifically toward the designated segment in a manner consistent with that segment's characteristics.

#BrainliestBunch

3 0

2 years ago

the general recommendation for adults is ____ steps per day.

Mrac [35]

It would have to be 20000

8 0

3 years ago