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]
3 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]3 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
Derek just received a bonus and wishes to set aside a portion of it in order to save for a 10-year reunion cruise that his old c
kotegsom [21]

Answer:

$3,168

Explanation:

We will receive $4000 in future (after 4 years time) which means all we want to know is the amount that we Derek must deposit today.

This present value of the $4000 payment received after 4 years from today can be calculated using the following formula:

Present value = Future Value / (1 + r)^n

Here

Future Value is $4000

r is 6%

n is 4 years

So by putting values, we have:

Present value = $4000 / (1 + 6%)^4 Years

Present value = $3,168

3 0
3 years ago
How do the subheadings under "after high school" contribute to the organization of "career planning for high schoolers."? by inf
Delicious77 [7]

I believe the answer is: by informing readers of the education options being described

By putting the phrase  "After high schools" ,  readers would know that the information that being put below the phrase would include the set of options/paths that can be done after graduation. In most career planning forms, it would contain information regarding college, scholarships, and the type of careers that can be taken with current high school diploma.

3 0
3 years ago
Read 2 more answers
John and Lisa hold the same position at Flyberry Electronics. However, John earns more than Lisa. In the context of pay structur
Shtirlitz [24]

Answer:

a. John works the night shift,and night hours are less desirable for most workers.

Explanation:

The Equal Pay Act of 1963 established that employees must earn the same wage for similar jobs performed regardless of their gender. This means that you cannot pay someone more for being a men if the job done is the same. If any difference in wages exist, it must be justifiable in some way, e.g. different responsibilities, different labor conditions, serve different markets, etc.

In this case, since fewer people want to work on the night shift, in order to attract workers, the company might pay more for doing so. US laws does not require for night shifts to be paid higher wages, but the law of demand and supply might be responsible for the higher wages (demand and supply of labor).

7 0
3 years ago
When union representatives negotiate with employers for better wages and working conditions, they are involved in __________?
kifflom [539]
They are in a labor union
3 0
3 years ago
Which is most likely a violation of the AICPA Code of Professional Conduct? A member firm buys computer time at wholesale prices
olganol [36]

Answer:

A member begin a public accounting services with the trade name "Pay less tax "services"

Explanation:

The AICPA code of professional conduct is a set of mandatory rules describing the minimum level of conduct a member must maintain in order to earn public trust as this is of utmost priority to the professional body.

The code of conduct requires that no member should undergo any activity that undermines the services of the professional body . As a result , no member should charge a fee that that is believed to be be low and he should not mislead the public into believing such as a matter of integrity.

The business name "PAYLESS" appears to have violated this rule.

7 0
4 years ago
Other questions:
  • Griffin corp. is evaluating its piquette division, an investment center. the division has a $60,000 controllable margin and $400
    10·1 answer
  • L Corporation produces and sells 13,800 units of Product X each month. The selling price of Product X is $20 per unit, and varia
    13·1 answer
  • The above plot shows three fits to data a student collected in a load deflection test: linear, power function, and log-linear. t
    15·1 answer
  • What do you call the rain that contain many chemical and is harmful​
    11·2 answers
  • 2.) Since 2005, publicly traded companies in the European Union have been required to use IFRS in preparing their consolidated f
    6·1 answer
  • Katie, a single taxpayer, is a shareholder in Engineers One, a civil engineering company. This year, Katie’s share of net busine
    9·1 answer
  • In a statement of cash flows: Multiple Choice Operating activities can be reported by either the direct method or the operating
    5·1 answer
  • What will happen to the equilibrium price and quantity of airline fares as a result of the following two simultaneous changes (a
    14·1 answer
  • Country of origin can strongly influence a firm’s approach to organization structure. As MNEs from China and India international
    11·1 answer
  • What time peropd allows an insured's life insurance policy to remain in force even if the premium was not paid on tje due dates?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!