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3 years ago

In a period of rising prices, the inventory method which tends to give the highest reported inventory is

Business

1 answer:

nordsb [41]3 years ago

4 0

Answer:

a. FIFO

Explanation:

Under the FIFO method, the inventory which is come first is sold first and the remaining inventory is sold.

The LIFO method is opposite to the FIFO method. It means that the last units is sold first and the rest of the units are sold later

The weighted average is that method in which the weighted average per unit is computed by considering total cost by total units excluding the sales units

The moving average is that method in which the arithmetic mean is computed

Under the FIFO method, it provides the highest inventory as well as the highest net income as compared to other inventory methods

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The total direct materials purchases of materials A and B (assuming no beginning or ending material inventory) required for July

creativ13 [48]

The total direct materials purchases of materials A and B (assuming no beginning or ending material inventory) required for July production is: 1. $1,080,000 for A; $648,000 for B

<h3>What is inventory?</h3>

Inventory, also known as stock, refers to the goods and materials that a company keeps for the purpose of resale, production, or use. Inventory management is primarily concerned with specifying the shape and placement of stocked goods.

There are four types of inventory: raw materials/components, work in progress (WIP), finished goods, and maintenance and repair (MRO).

Inventory valuation methods include FIFO (First In, First Out), LIFO (Last In, First Out), and WAC (Weighted Average Cost).

Manufacturers have three kinds of inventory. They are raw materials (that have yet to be worked on), work-in-progress (that is currently being worked on), and finished goods (which are ready for shipping).

To know more about inventory follow the link:

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6 0

1 year ago

The two types of distribution channels are direct and ________________.

Umnica [9.8K]

The answer is (Indirect).

8 0

3 years ago

Read 2 more answers

Clothing Emporium was organized on January 1, 2021. The firm was authorized to issue 140,000 shares of $8 par value common stock

natka813 [3]

Answer:

$728,000

Explanation:

Paid in capital can be described as the payments ac company received in exchange for its stock from investors.

From the question, the total paid in capital can be calculated as follows:

Receipt for 42,000 shares at $10 per share = 42,000 * 10 = $420,000

Receipt for 28,000 shares at $11 per share = 28,000 * 11 = $308,000

By adding the two above together and have:

Total paid-in capital = $420,000 + $308,000 = $728,000.

Therefore, total paid-in capital at the end of 2021 is $728,000.

3 0

3 years ago

. The start of noncritical activities are delayed beyond their earliest start times (but not beyond their latest start times) in

ozzi

The correct answer is D) maintain a uniform level of required resources.

The start of noncritical activities is delayed beyond their earliest start times (but not beyond their latest start times) in order to maintain a uniform level of required resources.

That is why companies have to establish their priorities and identify the main activities that must be accomplished on time, the people responsible to accomplish the activity, and the resources needed to successfully do so. Noncritical activities can be delayed up to a point, but the critical activities have to be followed according to the schedule.

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2 years ago

How does an expansionan expansion in the central bank's domestic assets ultimately affect its balance sheet under a fixed excha

vladimir1956 [14]

Answer:

Option D

Explanation:

In simple words, A determined currency rate, also called a fixed currency value, refers to the form of exchange rate regimes during which a currency agency sets or pegs the value of the currency against both the value of yet another currencies, a combination of other currencies, or another value factor, like gold.

Thus, in order to keep the currency at a fixed level the monetary authority must increase their liability also but on a domestic level only as two accounts are considered to be separate in such systems.

5 0

3 years ago