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pogonyaev
3 years ago
15

Assume that three identical units are purchased separately on the following three dates and at the respective costs:________. Ju

ne 1 at $10 June 2 at $15 July 4 at $20 The company sells two units during the period. Conclude which inventory items are sold first and which unit remains in ending inventory if the company is using the LIFO perpetual cost flow assumption.
Business
1 answer:
krek1111 [17]3 years ago
7 0

Answer:

Under last in, first out (LIFO) inventory method, the units purchased last are used to determine the cost of goods sold. This doesn't mean that exactly the last units purchased will be sold first, it is just used as an accounting tool.

In this case, the last unit purchased costed $20, and the immediately previous one costed $15. Under LIFO, these 2 units would have been sold (COGS = $35), and the ending inventory = $10 (the price of the "oldest" unit).

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BigorU [14]

Answer:

C) a local school district

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So if someone is seeking for a grant to fight malnutrition, they should go to their local authorities first and get in touch with the school district.

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Why do neoclassical economists tend to put relatively more emphasis on long-term growth than on fighting recession?
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As a result, letting the neoclassical economists concentrate on prices is not the best way to combat the recession. Long-term economic performance is always emphasized by neoclassical economists.

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Learn what John Maynard Keynes would recommend to fight the recession: brainly.com/question/25586856


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8 0
2 years ago
James owns two houses. He rents one house to the Johnson family for $10,000 per year. He lives in the other house. If he were to
AVprozaik [17]

Answer:

$22,000

Explanation:

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Lady_Fox [76]
MUx / MUy = Px / Py is the right answer
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3 years ago
If a land owner retains the right to plant and cultivate crops on the land but leases the rest of the land to a tenant, what rig
timofeeve [1]

Answer:

Right to transfer

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