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murzikaleks [220]
3 years ago
7

One identical unit is purchased on each of the following three dates and at the respective costs: June 1 at $10 June 2 at $15 Ju

ly 4 at $20 The company sells two units during the period. Conclude which inventory items are sold first and which unit remains in ending inventory if the company is using the FIFO cost flow assumption.A. The June 1 at 10 is sold; the June 2 at $15 and July 4 at $20 remain in ending inventory.B. The June 1 at 10 and the June 2 at $15 are both sold; the July 4 unit remains in ending inventory.C. The June 2 at $15 and the July 4 at $20 are both sold; the June 1 at $10 remains in ending inventory.
Business
1 answer:
Oksi-84 [34.3K]3 years ago
8 0

Answer:

B. The June 1 at 10 and the June 2 at $15 are both sold; the July 4 unit remains in ending inventory.

Explanation:

FIFO means first in, first out. It means that it is the first purchased inventory that is the first to be sold

2 units were sold. the June 1 and June 2 units would be the items sold because they were the first to be purchased according to the dates.

the ending inventory would be the the July 4 unit

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Answer:

Identifying alternative course of action

Explanation:

In this scenario Sophia made an initial financial plan in which she would travel around the world.

As she gets tired of this line of action she can identify other activities that will better suit her. So when she decides to go home, look for a part time job, and take shorter trips to locations around the world that appeal to her. She is identifying alternative course of action.

This new action will eventually have financial implications when implemented. In this case coming home and making only short trips will save her more money. She will also get money from her job.

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3 years ago
The equipment and structures available to produce goods and services are called
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Answer:

physical capital (c)

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beep boop

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3 years ago
C&K Brewing Company is a microbrewery in western Canada. It produces Maiden’s Honor brand ale, a dark beer called Warrior’s
ehidna [41]

Answer:

The correct answer is letter "A": concurrent .

Explanation:

Concurrent control is adopted to regulate ongoing activities in an organization so that they can meet the company's standards. This type of control is chosen to ensure that the output will have the results expected. It implies measuring the quality of the processes at a certain point in time to determine to continue with them or not.

3 0
4 years ago
This morning, DJ’s invested $238,000 to help fund a company expansion project planned for three years from now. How much additio
rusak2 [61]

Answer:

$3,842.78

Explanation:

We must determine the future value of the money invested and then calculate the difference between both return rates. We can use the future value formula: FV = present value x (1 + return rate)ⁿ

3.5% ⇒ FV = $238,000 x (1 + 3.5%)³ = $238,000 x 1.035³ = $263,874.85

4% ⇒ FV = $238,000 x (1 + 4%)³ = $238,000 x 1.04³ = $267,717.63

difference = $267,717.63 - 263,874.85 = $3,842.78

5 0
4 years ago
Match each of the following contract principles to the statement that best fits it: A. bargained-for exchange of value to the pa
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Answer:D.both parties to the contract agree on the contract terms

A.bargained-for exchange of value to the parties

C.parties' negotiated understanding of terms and intent that lead to the contract

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D A C B 3. Legality

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8 0
3 years ago
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