The First-In, First-Out inventory costing method assumes that the inventory items ordered first are the first sold. This is ideal for goods that are highly perishable, for example fresh milk. Since no figures or dates are given, we will assume that the month is March 2019 and use any figures to make the example.

Date Item Quantity of stock Cost Price

01 Opening stock bought on Feb 28 10 100

05 Sale of 5 goods (cost is $10 each) (5) 50

15 Purchase of stock (20 goods at $20 each) 20 400

25 Sale of 15 goods (15) 250

(5 at $10 each & 10 at $20 each)

31 Closing Stock 10 200

(20 goods bought on 15th - 10 goods sold on 25th)

The quantity on hand at the end of the month is 10 units.

Total cost of goods on hand at end of the month = 10 units * $20 = 200.

Total cost of goods purchased during the month = $20 * 20 units = $400

Total cost of goods sold during the month = [($10 *5) + ($10 * 5)+ ($20 * 10)] = $200

6 0

4 years ago

A quadratic function is given. f(x) = 1 + x − 7 x2 (a) Use a graphing device to find the maximum or minimum value of the quadrat

Virty [35]

Answer:

a) $P (x,y) \approx (0.1,1.05)$ , b) $P(x,y) = (0.07,1.04)$ .

Step-by-step explanation:

a) The graphic is enclosed to the problem. By visual inspection, an absolute maximum is found.

$P (x,y) \approx (0.1,1.05)$

b) The exact method consists in the application of the First and Second Derivative Tests. First and second derivatives are, respectively:

$f'(x) = 1 - 14\cdot x$

$f''(x) = -14$

The First Derivative Test consists in equalizing the first derivative to zero and solving the expression:

$1 - 14\cdot x = 0$

$x = 0.07$

According to the second derivative, the critical point leads to a maximum. The remaining component is determined by evaluation the polynomial:

$y = 1 +0.07-7\cdot (0.07)^{2}$

$y = 1.04$

The exact solution is $P(x,y) = (0.07,1.04)$ , indicating that graphic solution leads to a good approximation.

6 0

3 years ago

39 is what percent of 60?

Fudgin [204]

The answer is 65%
You can find it by dividing 39 by 60 and you get .65 then multiply by 10 and you get 65!

Hope this helped and pls mark as brainliest!

~ Luna

3 0

3 years ago

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