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4 years ago

A company commences business on 1 April. It buys the following units of inventory.

Business

1 answer:

Nostrana [21]4 years ago

7 0

Answer:

D £165,000

Explanation:

The computation of gross profit for the year using the first in first out (FIFO) method of inventory valuation is shown below:-

As we know that

Gross profit = Sales - the cost of goods sold

where

Sales is

= 500 units × £550

= £275,000

And, the cost of goods sold is

= 200 units × £250 + 300 units × £200

= £50,000 + £60,000

= £110,000

We considered only 500 units as these sold units are sold

And, this is a first in first out method so we pick the first date units only

So, the gross profit is

= £275,000 - £110,000

= £165,000

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slavikrds [6]

Answer:

$75,000

This option has not been provided

Explanation:

Cash provided by operating activities

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Add: Depreciation

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Using the information in question, we have

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3 years ago

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tankabanditka [31]

Answer:

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Explanation:

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4 years ago

Tedd E. Bear has an annual salary of $48,000 with no other loans outstanding. Using the 25% guideline from class and with a 20%

Kobotan [32]

Answer:

The total loan value would be of $261,825

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Sphinxa [80]

Answer:

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Finger [1]

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To learn more about phases of project management: brainly.com/question/14522044

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