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
Pavel [41]
3 years ago
6

The following lots of a particular commodity were available for sale during the year:Beginning inventory 10 units at $60First pu

rchase 25 units at $65Second purchase 30 units at $68Third purchase 15 units at $75The firm uses the periodic system and there are 25 units of the commodity on hand at the end of the year.What is the amount of the inventory at the end of the year using the FIFO method?
$1,685$1,575$1,805$3,585
Business
1 answer:
zlopas [31]3 years ago
3 0

Answer:

$3,585

Explanation:

The computation under the FIFO method is shown below:

The total purchase units equal to

= 10 units + 25 units + 30 units + 15 units

= 80 units

Out of 80 units, the 25 units are sold, so the remaining 55 units are come under the ending inventory. The classification is shown below:

10 units at $60 = $600

25 units at $65 = $1,625

20 units at $68 = $1,360

So, the total would be

= $600 + $1,625 + $1,360

= $3,585

You might be interested in
Policies related to setting interest rates, control of currency supply, and the buying/selling of treasury bonds are referred co
Zolol [24]

Policies related to setting interest rates, management of money supply, and the buying/selling of treasury bonds are referred collectively as <u>Monetary policy</u>

Monetary policy is primarily involved with the management of interest rates and the total pool of money in circulation and is generally taken out by central banks, such as the U.S. Federal Reserve.

<h3>What is monetary policy and fiscal policy?</h3>

Monetary policy refers to central bank activities that are headed toward influencing the amount of money and credit in an economy. By contrast, fiscal policy guides to the government's decisions about tax and spending. Both monetary and fiscal policies are used to control economic activity over time

To learn more about Monetary policy, refer

brainly.com/question/13926715

#SPJ4

8 0
1 year ago
A business usually becomes listed in the Fortune 500 during its _______ stage.
irga5000 [103]

its NOT D!!! Thanks for misleading me, after studying the material I found the correct answer to be A! I just took the PF keys to success test, trust me

5 0
3 years ago
Read 2 more answers
Protein folding is often described as a highly cooperative process. this means that
Orlov [11]

Protein folding is often described as a highly cooperative process. This means that proteins tend to be folded or unfolded without the presence of partially folded states.
<span>Proteins help build hormones, enzymes and other body muscles. It is also the basic for blood, skin and bones etc. in human body.</span>

3 0
3 years ago
Gambling is something you should only do if you have discretionary income?
vichka [17]
A. Its true NOT B but its not false.
3 0
3 years ago
Read 2 more answers
The Geostar Company, leading manufacturer of wireless communication devices, is considering three cost-reduction proposals in ts
S_A_V [24]

Answer: Alternative 3 will be selected.

Explanation:

The system that should be selected is the alternative that is better than the other alternatives by being higher than MARR if selected.

First compare A1 to A0

The rate of return here is 18% which is higher than the MARR of 15% so Alternative 1 should be chosen over A0 which is to do nothing.

Compare A1 to A2

If A2 is chosen over A1, the incremental return is 10% which is less than the MARR of 15% so A2 should not be chosen over A1. A1 should instead be chosen over A2.

Compare A1 to A3

If A3 is chosen over A1 then the incremental return would be 18%. This is higher than the MARR of 15% so Alternative 3 should be chosen over Alternative 1.

Alternative 3 should be chosen over A1 which should be chosen over A2 and A0.

A3 will therefore be selected.

7 0
2 years ago
Other questions:
  • If a production possibilities frontier appears as a downward sloping straight line, which of the following occurs?
    8·1 answer
  • Andrew, an employee in a corporate company, is asked to conduct a systematic evaluation of how well the company is meeting its e
    7·1 answer
  • Stanton Inc. is considering the purchase of a new machine, which will reduce manufacturing costs by $5,000 annually and increase
    7·1 answer
  • This is not a homework based question, but do you think one day girls will be able to play with the boys in the NFL??
    6·1 answer
  • Walther owns a home in flood-prone Paradise Basin. If there is no flood the home and land together will be worth $2400. If there
    9·1 answer
  • Ruben, Gerald, and Norma all work for the same company. Gerald and Norma both evaluate the company’s financial picture, but Gera
    5·2 answers
  • Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Stan
    5·1 answer
  • Lola is a purchasing agent for her company. She has just submitted a purchase order to the supplier. What step in the purchasing
    14·1 answer
  • On January 1, 2021, Tru Fashions Corporation awarded restricted stock units (RSUS) representing 5 million of its $1 par common s
    5·1 answer
  • Which organization delineates job responsibilities and the organizational structure for managing day-to-day operations for all t
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!