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
Natali5045456 [20]
3 years ago
13

Ong Sai-Yuk Company sells one product. Presented below is information for January for Fong Sai-Yuk Company.

Business
1 answer:
ira [324]3 years ago
6 0

Answer:

FIFO stands for first in first out. This method of inventory management records cost of sales of oldest inventory first.

Jan. 4 dr Account receivable 696

cr sales(87×8) 696

Jan. 11 dr Inventory(141*6) 846

cr Account payable 846

Jan.13 dr Account receivable 742

cr Sales(106*7). 742

Jan. 20 dr Inventory(168*7) 1176

cr Account payable 1176

Jan. 27 dr Account receivable 1188

cr Sales(108*11) 1188

Jan. 31 dr cost of goods sold 1633

cr inventory 1633

87*4=348

24*4=96

82*6=492

59*6=354

49*7=343

COGS= 1633

You might be interested in
A blue ocean strategy differs from a low-cost strategy in that
Tju [1.3M]
The focus of a blue ocean strategy is on lowering the economic value created, whereas a cost-leader focuses on increasing the economic value created.
6 0
1 year ago
Tariffs refer to
viva [34]

Answer:  government taxes on products or services entering a country that primarily serve to raise prices on imports.

Explanation:

Tariffs are known to be taxes which the government of a particular country charges on goods and services which are imported into the country from other countries. It is a form of trade protection which the government uses in protecting local companies. Thus, the government imposes taxes on imported goods in order to make the prices of the goods high so that citizens can buy local or domestic goods and as a result encourage domestic companies to produce more of the local goods.

5 0
3 years ago
A drink manufacturer finds setting up a plant to make its own bottle caps expensive and technically difficult. Which of the foll
Salsk061 [2.6K]

Answer:

A) Outsourcing

Explanation:

Outsourcing refers to a business practice where a company gets some of the intermediate goods or services it needs from external suppliers (other companies). Usually outsourcing is carried on by companies in order to reduce costs, e.g. customer service calls handled by Indian companies because Indian workers earn a much lower salary than American workers.

3 0
3 years ago
Match the tasks with the professionals who would complete them.
SVEN [57.7K]

Answer: The correct answers are,

A)Civil Engineer 5)designs and oversees a large construction

process

B)Logging Equipment Manager 6categorizes trees based

on their knot size, straightness, and other characteristics

C)Energy Auditor 4)reduces the amount of energy homeowners and companies use

Explanation:

4 0
3 years ago
Automated retailing occurs when a consumer goes into a store to learn about different brands and products and then searches the
Grace [21]

Answer:

False

Explanation:

The scenario described above is called Showrooming, where customers just go to a store to find out about various products. They do not buy and look for alternative cheap options.

On the other hand, automated retailing occurs when products are stored in a machine that can dispense to customers.

An example is a soda vending machine.

5 0
3 years ago
Other questions:
  • A rock star intentionally sets her ticket prices below what would be necessary to sell out her shows. how might this be justifie
    8·1 answer
  • Which of the followin high school courses would be most helpful to a person who wanted to be substance abuse counselor?
    15·2 answers
  • An organization of atheists sues the city of lakeville for its annual holiday display. each year, the display is in a public par
    6·1 answer
  • Sandra is a production manager at a soda manufacturing and bottling plant. One of her duties is to create a monthly inventory re
    15·1 answer
  • Andreas Broszio​ (Geneva). Andreas Broszio just started as an analyst for Credit Suisse in​ Geneva, Switzerland. He receives the
    12·1 answer
  • Aggressive marketing in the context of format wars: a. does not encompass point-of-sales promotion techniques. b. deters early a
    5·1 answer
  • Explain why a single commercial bank can safely lend only an amount equal to its excess reserves but the commercial banking syst
    6·1 answer
  • Refined Grains, Inc., is a Kansas-based firm that does business throughout the world. Refined Grains manages retail and wholesal
    9·1 answer
  • One thousand adults live in Milltown. Every day, they all leave work at 4:30 p.m., arrive home at exactly 5:00 p.m., and go to b
    15·1 answer
  • What is the difference between a shortage and scarcity?.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!