The ending inventory for the current year under fifo, lifo when Nittany company uses a periodic inventory system will be 31300 and 24590 respectively.
<h3>How to calculate the ending inventory?</h3>
Ending inventory simply means the value of goods that are available for sale as held by a company at the end of the accounting period.
The ending inventory under FIFO will be:
= (2810 × 8) + 7(4070 - 2810)
= 22480 + 7(1260)
= 22480 + 8820
= 31300
The ending inventory under LIFO will be:
= (1950 × 5) + 7(4070 - 1950)
= 9750 + 7(2120)
= 9750 + 14840
= 24590
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Answer:
Fayolism
Explanation:
Based on the information provided within the question it seems that the management of Mason Mills reflects the ideas and principles of Fayolism. This is a management theory developed by Henri Fayol, which states 14 principles explaining how management should communicate and lead their workers. Many of which state the importance of organization within the business in order for workers to know who to report to and keep everything running efficiently.
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<span>Drinking
coffee DO NOT decrease the chances of an alcohol overdose. Only the
passage of time can decrease the overdose. The human body cannot take up a
high percent of alcohol that is why most people who get drunk by alcohol ended
up either vomiting or passing out. Alcohol dampens the nerves that regulates
involuntary action such as gag reflex and breathing. There is danger in
vomiting since the person can be choked which lead to asphyxiation to a person
who is unconscious and could result to death. When a person passes out, it’s
BAC or blood alcohol concentration rises. Even if the person stops drinking, alcohol
in the system continues to circulate in the stomach and in the intestine that
is why it is not safe to assume that a drunk person is better of sleeping to
make it go away.
</span>
Answer: One thing that could be done to devalue a currency is to issue more currency into their markets.
Explanation:
Any asset or goods can be based on how scarce the product or assets it. The authorities in the foreign markets could make more currency and this will devalue the currency because the market will be saturated. The money/currency will still be at the same value as before but the purchasing power will be reduced since there is an added supply of money in the economy.