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Strike441 [17]
3 years ago
8

The cost method that will yield the highest taxable income during times of inflation is the a.weighted average inventory cost me

thod. b.FIFO inventory cost method. c.specific identification inventory cost method. d.LIFO inventory cost method.
Business
1 answer:
vichka [17]3 years ago
8 0

Answer:

The answer is B.

Explanation:

FIFO inventory cost method will yield the highest taxable income during times of inflation or period of rising price.

FIFO is First in First out i.e the inventory that was purchase first will go out first. This method reflects the current market price because last inventories bought during inflation are part of the ending inventories. Ending inventories are high, cost of sales are low and gross profit is high.

Because gross profit is high, high tax will be charged

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Answer:

total product costs  =   $101750

Explanation:

given data

overhead costs = $ 100

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solution

we get here total product costs  that is express as

total product costs  = Direct materials + DML + MOH ..........1

total product costs  = $41,000 + ( 450 × $35 ) + ( 450  × $100 )

total product costs  =  $41,000 + $15750 + $45000

total product costs  =   $101750

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Yeast is used in bread baking; it has a rapid doubling time of approximately 90 minutes. (note: use the concepts of half-life or
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Answer:

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The correct answer to this is C profits. hope this helps :)
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Answer:

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