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Nata [24]
3 years ago
8

A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells

390 units. Ending inventory at January 31 totals 150 units. Units Unit Cost Beginning inventory on January 1 350 $ 3.40 Purchase on January 9 80 3.60 Purchase on January 25 110 3.70 Required: Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on LIFO.
Business
1 answer:
Kay [80]3 years ago
5 0

Answer:

$510 is costs assigned to ending inventory

Explanation:

According to Last-In- First-Out method of inventory valuation , items of stock received last is sold first.

As a result, the sale of 390 units on January 26 is from the purchases of 25 January (110 units), January 9 (80 units) and 200 units from the purchase made on  January 1st.

Above all, closing inventory is items bought on January 1st.

Value of closing inventory=150*$3.40=$510

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f interest rates are rising in an economy, what might the relationship be between savings and investment that is causing this to
aleksklad [387]

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As the interest rates are pulled up, more people will be encouraged to save their money in other to benefit from the higher interest rates thereby increasing the loanable funds in the market.

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Approximately what percentage of the jobs in the united states do small businesses provide?
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3 years ago
Manufacturing costs from a scraped poor-quality product are $6000 per year. AN investment in an employee training program can re
romanna [79]

Answer:

We see that Prog A will give an annual CF of 75%*$6000 = $4500

Prog B will give annual CF of 95%*$6000 = $5700

Disc Rate Kd = 20%

So PV of Annuity of $1 for 5 yrs with Kd = 20% is 2.9906

So NPV of Prog A = CF0+CF1+ ....+Cf5 = -12000+2.9906*4500 = $1,458

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8 0
3 years ago
g Enchancia Inc. reported the following information at its annual meeting: The company had cash worth $3,290,558, accurals of $5
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Answer:

$5,354,741

Explanation:

assets:

cash $3,290,558

inventory $2,657,360

accounts receivable $577,102

fixed assets $4,019,047

total assets = $10,544,067

liabilities:

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accounts payable $2,519,541

notes payable $610,904

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total liabilities = $5,189,326

equity = assets - liabilities = $10,544,067 - $5,189,326 = $5,354,741

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