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
tangare [24]
3 years ago
11

Lego Company has used the FIFO method since it began operations in 2023. Lego changed to the weighted average method in 2026. Th

e change was justified. In its 2026 financial statements, Lego included comparative statements for 2025 and 2024. The following are the year-end inventory balances under the FIFO and weighted average methods.
Year FIFO Weighted Average
2023 $108,000 $90,000
2024 $134,000 $122,000
2025 $166,000 $140,000
What adjustment should be made to Cost of Goods Sold retrospectively for the year ended December 31, 2025?
a. $22,000 decrease
b. $8,000 decrease
c. $14,000 increase
d. $18,000 increase
e. $24,000 increase
Business
1 answer:
Viktor [21]3 years ago
5 0

Answer:

c. $14,000 increase

hope it helps

mark me as brainloeast

You might be interested in
Markup represents an amount needed to cover operating expenses. <br> a. True<br> b. False
Illusion [34]
Operating expenses are taken from the normal business operation such as administrative or selling expense. It is part of the operating cost. Markup is defined as the amount added to the cost of goods to fix a selling price. So, to answer the question above: True.
8 0
3 years ago
The welding department supplies parts to the final assembly line. Management decides to implement a kanban system and has collec
const2013 [10]

Answer:

25 containers

Explanation:

The computation of the number of kanban containers required is shown below:

= (Lead time demand + Safety stock) ÷ Container size

where,

Lead time demand is

= 2,000 units × 4 days

= 8,000 units

Container size = 400 units

Safety Stock is

= 1 day × 2,000 units

= 2,000 units

So, the number of kanban containers required is

= (8,000 units + 2,000 units) ÷ (400 units)

= 25 containers

We simply applied the above formula

6 0
3 years ago
Who determines who is authorized for access to areas containing sensitive devices/data/system
Alex Ar [27]

Answer:

Im thinking it is the FBI

Explanation: MY guess would point to the FBI bc they are the ones who come in on cyber related crimes. so i would say A is the correct answer

6 0
3 years ago
Read 2 more answers
2.<br>What is the effect on the market when suppliers under invest in their businesses?​
Ghella [55]

Answer:

the profit margin will decrease and supplies won't get their promotin

3 0
2 years ago
Robin Baker, a top manager at Westinghouse, has recently been put in charge of a new multi-million dollar project. She selects s
natulia [17]

Answer:

The answer is: A) Autocratic

Explanation:

Autocratic leadership style, also known as authoritarian leadership, is characterized by heavy control by the group's leader. The leader makes all the decisions and doesn't value the subordinates' contributions. Autocratic leaders make decisions based on their ideas and personal judgement, not the others'.

7 0
3 years ago
Other questions:
  • 9. Assume that Cane expects to produce and sell 97,000 Alphas during the current year. A supplier has offered to manufacture and
    10·1 answer
  • According to _____, location-specific advantages are of considerable importance in explaining both the rationale for and the dir
    5·1 answer
  • Why does Maureen Riehl state that internet retailers have an "unfair price advantage" when they don't collect sales tax from out
    5·1 answer
  • Assessment
    10·1 answer
  • The difference between the ________ and the ________ from the sale of a product is called producer surplus.
    10·1 answer
  • Wellington Corp. has outstanding accounts receivable totaling $1.27 million as of December 31 and sales on credit during the yea
    11·2 answers
  • If Stock A had a price of $120 at the beginning of the year, $150 at the end of the year and paid a $6 dividend during the year,
    6·1 answer
  • Forward contracts a. have a high liquidity risk related to immediate cash access to pay for possible losses. b. are less standar
    13·1 answer
  • We note in the mini-case that hian celestial is implementing the differetiation strategy. Provide examples of competive dimensio
    12·1 answer
  • Hlo anyone there to talk with me ​
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!