Answer:
The fraud was discovered Option D: The operations manager found a check made payable to Phillips while searching Phillips' desk for some accounting records.
Explanation:
In the given case study, Ernie Phillips had got a job as a 'controller'. He had started writing checks to himself other than the payroll checks.
This fraud can be discovered when the operations manager found a check on Phillips desk which was payable to himself and it was other than the payroll check. Thus, Option D is the statement as an answer.
Cancelled checks do not have to do anything with the fraud, as per Option A, because cancelled checks are never cleared in the bank. The receiver doesn't usually receive a call before check clearance. So, Option B is also incorrect. No error was there in the check as stated in Option C.
Answer:
C. Finished Goods Inventory has decreased.
Explanation:
Cost of goods manufactured (COGM) increases when finished goods inventory is <em>produced</em>, while cost of goods sold (COGS) increases when finished goods inventory is <em>sold</em>. If COGS has been increasing faster than COGM has been increasing, the company has been selling more goods than it has been producing. Therefore, it must have sold goods from its surplus of finished goods inventory. Thus, finished goods inventory has decreased.
Reposition how the consumers perceived chocolate milk.
Address is the correct answer
Answer:
$6.71 per unit
Explanation:
The computation of average cost method is given below:-
Beginning Inventory
= 190 units × $7.30
= $1,387
Purchases
= 720 units × $7.30
= $5,256
Purchases
= 590 units × $5.80
= 3,422
Total units = 1,500
Total cost = $10,065
So, average cost per unit
Total cost ÷ Total number of units
= $10,065 ÷ 1,500
= $6.71 per unit
Therefore, to calculate the average cost per unit for May we simply divide 10,065 from 1,500
