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
nignag [31]
2 years ago
8

Alphabet Company, which uses the periodic inventory method, purchases different letters for resale. Alphabet had no beginning in

ventory. It purchased A thru G in January at $5.50 per letter. In February, it purchased H thru L at $7.50 per letter. It purchased M thru R in March at $8.50 per letter. It sold A, D, E, H, J and N in October. There were no additional purchases or sales during the remainder of the year.
If Alphabet Company uses the FIFO method, what is the cost of its ending inventory?

$24

$42

$58

$76
Business
1 answer:
Mekhanik [1.2K]2 years ago
4 0

Answer:

$94

Explanation:

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

But before that first we have to determine the ending inventory units which is

= 7 units from A to G + 5 units from H to L + 6 units from M to R

= 18 units

And, 6 units are sold

So, the ending inventory units is 12 units

Now the ending inventory is

From last to beginning

= 6 units × $8.50 + 5 units × $7.50 + 1 units × $5.50

= $51 + $37.5 + 5.50

= $94

This is the answer but the same is not provided in the given options

You might be interested in
Where does jacob sartorius live now like his adress not state
sesenic [268]
LA califora 5421 beach street 2357 LA city
3 0
3 years ago
Read 2 more answers
Bothell Company uses a job order costing system that allocates estimated overhead as 40% of prime costs. What is the cost of a j
Juli2301 [7.4K]

Answer:

$10,080

Explanation:

The computation of the cost of the job is shown below:

We know that

prime cost = direct material + Direct labor

= $2,000 + $5,200

= $,7200

Now  overhead is

= 40% of $7200

= $2,880

And,

Cost of job = direct material + Direct labor + overhead

= $2,000 + $5,200 + $2,880

= $10,080

4 0
3 years ago
_______________ is intentionally or unintentionally using someone else's work without giving credit to the original author or cr
nasty-shy [4]

Answer:

b. Plagiarism

Explanation:

Plagiarism refers to the action of presenting somebody else work as your original work acknowledging the original author. Plagiarism may be deliberate or unintended. The internet has software applications that assist students and scholars check against plagiarism.

Plagiarism is considered an offense in the academic and scholarly world.

8 0
2 years ago
Read 2 more answers
According to the hypothesis tested by elmore and oyserman (2011), what message was expected to improve boys' school performance?
Law Incorporation [45]
<span>According to the hypothesis tested by Elmore and Oyserman, communicating the idea that "when we (referring to the students' gender-identity) succeed, then I succeed" would improve boys' school performance. The researchers discovered that the beliefs held by boys with regard to studies and overall academic performance tended to denigrate boys as a whole. This belief system became self-fulfilling on standardized testing. The researchers chose a group of lower-income students and asked the students how they saw themselves in the future. They also provided them with information such as "Men generally earn more than women," graphs and statistics comparing the median income of high school dropouts with that of high school graduates and college graduates, etc. The idea was to allow the students to associate themselves with those described in the statistical data. The results showed that students saw more school-focused future identities when success is presented as a characteristic of their own gender.</span>
8 0
2 years ago
f prices are inflexible, then a negative demand shock will lead to Group of answer choices a short-run decrease in prices. no ch
Murrr4er [49]

Answer:

A short-run decrease in real GDP.

Explanation:

A short-run decrease in real GDP.

The last option is correct because the prices are inflexible which means an increase or decrease in quantity will have no effect on the prices. So, the negative demand shock( means a sudden decrease in quantity) will not affect the price but it will decrease the real GDP because the demand curve will shift leftwards.

5 0
3 years ago
Other questions:
  • 3M involves its customers in the process of developing new products. In this way, it can benefit from current customers' insight
    15·1 answer
  • Your bank is offering you an account that will pay 20 % interest in total for a​ two-year deposit. Determine the equivalent disc
    14·1 answer
  • Majority rule, first-come/first-served, and sharing equally are examples of _____ .
    14·2 answers
  • If a startup pioneers an industry or a new concept within an industry, the name recognition the startup establishes may create a
    8·1 answer
  • Debit CreditCash $2,870 Accounts Receivable $3,231 Supplies 800 Equipment 3,800 Accounts Payable 2,666 Unearned Service Revenue
    12·1 answer
  • One role of an organization's headquarters is to provide needed resources to its business units and to coordinate activities acr
    8·1 answer
  • On January 1, 2021, Kendall Inc. began construction of an automated cattle feeder system. The system was finished and ready for
    5·1 answer
  • Let’s assume that the total possible number of job evaluation points is 875 rather than 1,000. Based on the following weighting
    5·1 answer
  • How does the size of the order impact organizational buying?.
    5·1 answer
  • This question has 2 parts
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!