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skelet666 [1.2K]
3 years ago
9

Rosierre Company purchased two identical inventory items. One of the items cost $6.00 and was purchased in January. The other wa

s purchased in February, and the company paid $7.00 for this item. One of the items was sold in March at a price of $10.00. Select the correct answer assuming that Rosierre uses a FIFO cost flow assumption. Multiple Choice A) The balance in ending inventory would be $7.00. B) The amount of gross margin would be $3.00. C) The amount of ending inventory would be $6.50. D) The amount of ending inventory would be $6.00.
Business
1 answer:
victus00 [196]3 years ago
5 0

Answer:

A) The balance in ending inventory would be $7.00.

Explanation:

FIFO Perpetual chart is attached.

FIFO Perpetual chart shows purchases , sales and balance of each period.  We must see final situation to know which is the final inventory balance.

The balance at the end of March is

Units Unit Cost Total

   1              7                   $7,00

Total=$7.00

Download xlsx
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Mike says, "The possibility that my house may burn isa pure risk for me, but if I buy insurance, it is a speculativerisk for the
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Answer:

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Question 13 Pina Colada Corp. has the following inventory data: July 1 Beginning inventory 108 units at $19 $2052 7 Purchases 37
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Answer:

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Explanation:

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2 years ago
A marketing strategy that involves a firm using different marketing mix actions to help consumers perceive the product as being
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Answer:

It is referred to as product differentiation.

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Answer:

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Answer:

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