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Zepler [3.9K]
3 years ago
13

had the following balances and transactions during​ 2018: Beginning Merchandise Inventory 10 units at $74 March 10 Sold 7 units

June 10 Purchased 30 units at $84 October 30 Sold 25 units What is the amount of the​ company's ending Merchandise​ Inventory, as disclosed in the December​ 31, 2018 balance​ sheet, using the periodic LIFO inventory costing​ method?
Business
1 answer:
Maslowich3 years ago
4 0

Answer:

$592

Explanation:

LIFO means last in first out. It means that it is the last purchased inventory that is the first to be sold.

the ending inventory would consist of earlier purchased goods.

total goods sold is 32. it would be taken from the purchase on June 10 and 2 units would be taken from beginning inventory.

ending inventory = 10 -2 = 8 x $74 = $592

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Causes and effects of International Factor Mobility
tatiyna

Answer:

Domestic factor mobility. refers to the ease with which productive factors like labor, capital, land, natural resources, and so on can be reallocated across sectors within the domestic economy. Different degrees of mobility arise because there are different costs associated with moving factors between industries.

Explanation:

3 0
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Jose put $200 in a savings acount, where he will earn 10% interest annually. At the end of the year how much money will Jose hav
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Which of the following activities is not a component of the operating cycle?A)Sale of merchandiseB)Payment of employees' salarie
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Answer:

B)Payment of employees' salaries

Explanation:

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8 0
3 years ago
According to the consumption​ function,
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Answer:

The correct answer is option A.

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5 0
3 years ago
A company has determined that changes in price will not dramatically impact the number of sales they are able to make. What shou
tester [92]

Answer:

Sell at a somewhat higher price since customers will still purchase even at a higher price ( D )

Explanation:

The type of goods and services that changes in prices doesn't r affect the quantity/demand bought by the consumers are usually staple goods which are a necessity and not a want but a serious need. A company if after much research discovers that the demand for a particular product is unwavering( fixed ) they can increase the prices in order to maximize profits form the little amount of goods been produced/sold in the open market. while in other hand if the demand for a particular product is not stable any change in price can significantly affect the demand for the good or service leading to a loss for the company.

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