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
frez [133]
3 years ago
10

A company just starting business made the following four inventory purchases in June: June 1 150 units $ 390 June 10 200 units 5

98 June 15 200 units 630 June 28 150 units 510 $2,128 A physical count of merchandise inventory on June 30 reveals that there are 200 units on hand. Using the LIFO inventory method, the value of the ending inventory on June 30 is
Business
1 answer:
Neporo4naja [7]3 years ago
7 0

Answer:

$539.50

Explanation:

The computation of the value of the ending inventory using the LIFO method is shown below:

Since there is 200 units on hand

The 150 units taken at $390 and the remaining units i.e 50 units at $598 so the ending inventory is

= 150 units × $2.6 + 50 units × $2.99

= $390 + $149.50

= $539.50

The per unit is come from

= $390 ÷ 150 units = $2.6

And,

= $598 ÷ 200 units = $2.99

You might be interested in
Practice Question 25 Which one of the following is an effective method of evaluating a cost center? Compare actual total costs w
Afina-wow [57]

Answer:

C). Compare actual controllable costs with flexible budget data.

Explanation:

The Cost center is very crucial to be determined by an organization as it indirectly bestows its profitability. It is usually calculated by comparing the actual cost generated by the department to the expectations as per the budgeted cost. Thus, the most constructive method to evaluate a cost center would be the 'comparison between the actual controllable costs and the flexible budget data' as it helps in assessing the actual expense incurred during the year and whether it is lesser or greater than the cost estimated in the budget. Hence, <u>option C</u> is the correct answer.

6 0
3 years ago
Read 2 more answers
Total Costs (dollars)
Andrei [34K]

The appropriate labels for Curves N and M in the nearby graph is that the Curve N is total cost and Curve M is total variable cost.

<h3>Why is the curve as stated about?</h3>

Because a fixed cost is constant, this is not shown on the graph, however, the movement of the variable cost impacts directly on the total cost as well but it will be higher.

Hence, the appropriate labels for Curves N and M in the nearby graph is that the Curve N is total cost and Curve M is total variable cost.

Therefore, the Option C is correct.

Read more about total cost

<em>brainly.com/question/5168855</em>

#SPJ1

6 0
2 years ago
A firm has total assets of $2,060,000. it has $847,000 in long-term debt. the stockholders equity is $647,000. what is the debt
Julli [10]
I believe the answer is 67% hope this helps 
5 0
3 years ago
The Durham-Mills Self-Administering Test of Mental Ability was the first group-administered mental ability test to have widespre
forsale [732]

Answer:

False

Explanation:

The Otis Self-Administering Test of Mental Ability was the first group-administered mental ability test to have widespread use in industry.

This test was first developed in 1922 by Arthur Otis. It was first designed to measure students' general school abilities. Otis's first tests were designed for the Army in 1917 and were known as the Alpha tests (for those who could read) and the Beta tests (for those who couldn't read).

7 0
3 years ago
Tayesha wants to find more information about a career in architecture. which resource is most likely to give balanced, accurate
Andrei [34K]
<span>The Bureau of Labor Statistics is usually a good starting point. This website/database allows for all types of jobs and industries to be researched. Within these titles, the career advancement data, statistics on compensation, and types of jobs within the overall umbrella are given.</span>
3 0
3 years ago
Read 2 more answers
Other questions:
  • Segmentation based on where prospective consumers live, work, and spend their leisure time is referred to as _______.a. geograph
    6·1 answer
  • Roosevelt Corporation has a weighted-average unit contribution margin of $30 for its two products, Standard and Supreme. Expecte
    15·1 answer
  • LC Corp. has an old machine with operating costs of $164,200 per year and a net book value of $23,000. LC is looking at two repl
    14·1 answer
  • Everal items are omitted from the income statement and cost of goods manufactured statement data for two different companies for
    9·1 answer
  • Jane receives an email claiming that her bank account information has been lost and that she needs to click a link to update the
    6·1 answer
  • Gavin is creating a Google Display Ads campaign designed to drive sales on his website. He wants to reach potential customers wh
    5·1 answer
  • The owners of a small manufacturing concern have hired a manager to run the company with the expectation that (s)he will buy the
    9·1 answer
  • Weisman, Inc. uses activity-based costing as the basis for information to set prices for its six lines of seasonal coats.
    12·1 answer
  • Which of the following statements is false?
    14·1 answer
  • 1 2 3 4 5 6 7 8 9 10 kaleb wants to get a payday loan in the amount of $375. he knows that the annual percentage rates (apr) for
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!