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
gogolik [260]
3 years ago
13

July 1 Beginning inventory 54 units at $122 5 Purchases 306 units at $114 14 Sale 204 units 21 Purchases 153 units at $117 30 Sa

le 143 units Assuming that a periodic inventory system is used, what is the amount allocated to ending inventory on a LIFO basis?
Business
1 answer:
Aneli [31]3 years ago
5 0

Answer:

$19,356

Explanation:

July

1 Beg. Inventory         54        $122

5 Purchases            306         $114

14 Sale                     204  

21   Purchases          153           $117

31  Sale                     143

Number of units left = (54+306-204+153-143)= 166

On LIFO(Last-in, first-out) basis, these 166 units of ending inventory cost;

= (54*122) + (166-54)*114    <em> (Note:166-54 is to find the balance after the first 54)</em>

= $6,588 + $12,768

= $19,356

You might be interested in
________ refers to the demand and availability of an occupation.
Nikitich [7]

i think profession

Explanation:

so it can be right also wrong also

3 0
2 years ago
Jeremy is working on a spreadsheet which part of the information processing cycle will justify Jeremy’s use of the spreadsheet a
alukav5142 [94]
<span>Jeremy is working on a spreadsheet, the processing of the information processing cycle will justify Jeremy’s use of the spreadsheet and give the final output.  </span><span>Applying instructions to data takes place during the </span>PROCESSING  <span>stage of the information processing cycle.</span>
3 0
3 years ago
When identical units of an item are purchased at different costs,
Masja [62]
When identical units of an item are purchased at different costs: <span>an inventory cost flow method must be used under both a perpetual and a periodic inventory system.

A perpetual inventory system will update your inventory on hand after each sale or purchase of inventory is made.  A periodic inventory system is updated periodically, meaning, a company will give a time period they would like their sales and purchases to update in and the system will perform that. Both systems are great for a business but it's their option of how they are generated. 
</span>
7 0
3 years ago
The profit, P, in dollars for manufacturing n units of a certain product is given by the formula P = 3n2 - 90n - 720. (Assume th
sesenic [268]

Answer:

n=40

Explanation:

We want to know the value of n when P=480

P=3n^2-90n-720\\480=3n^2-90n-720\\3n^2-90n-720-480=0\\3n^2-90n-1200=0\\3(n^2-30n-400)=0\\n^2-30n-400=0

From here, we can find the factors of the quadratic equation, we need two numbers that multiplied give -400 and added -30. Since they are factors of 400, we can choose -20x20 or -40x10. When adding -20 and 20 the result is zero, but the sum of -40 and 10 is -30. Then:

n^2-30n-400=0\\(n-40)(n+10)=0\\

The solutions of the quadratic equation aren-40=0 and n+10=0:

n_1=40\\n_2=-10

Since n is a positive integer:

n=40

5 0
3 years ago
In today's organization, many employers appear to prefer to work for a supervisor with a ________ leadership style.
vova2212 [387]
<span>A supervisor in today's work environment needs to be flexible and adaptable. Employees today expect a lot more opportunities to do things such as work from home. Also in today's more technological world, demands on the supervisor and employer change frequently. Because of all of this, employers and employees prefer a people-centered leadership style.</span>
3 0
3 years ago
Other questions:
  • What is the current GDP? (Gross Domestic Product)
    12·1 answer
  • When disassembling a computer, it is okay to stack circuit boards on top of each other as long as you follow esd protection rule
    5·1 answer
  • Costs that can be traced are considered to be:
    11·1 answer
  • Please help me to solve this.
    6·1 answer
  • The proper time to determine a​ company's business model is following the​ _______ of the business idea and prior to fleshing ou
    11·1 answer
  • E14-18 Note with unrealistic interest rate; lender; amortization schedule. Amber Mining and Miling, Inc., contracted with Truax
    15·1 answer
  • You are working as a head of Human resource department in an oil company. The high ups of your company asked you to select 12 ex
    9·1 answer
  • Prices for airline tickets change on average about once per month. This would suggest that airline ticket prices are
    15·1 answer
  • On January 1, a company agrees to pay $20,000 in three years. If the annual interest rate is 10%, determine how much cash the co
    13·1 answer
  • Examine a local industry in your locality and describe the problems that it faced.​
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!