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
MatroZZZ [7]
3 years ago
13

Lower of Cost or Market The accountant for Murphy Company prepared the following analysis of its inventory at year end: Item Uni

ts Cost per Unit Net Realizable Value RSK-89013 600 $38 $47 LKW-91247 420 47 40 QEC-57429 510 26 32 Required: 1. Compute the carrying value of the ending inventory using the lower of cost or market method applied on an item-by-item basis.
Business
1 answer:
Nina [5.8K]3 years ago
7 0

Answer:

  $52,860

Explanation:

The computation of the ending inventory using the  lower of cost or market method is shown below:

Product                    Cost           Net realizable value Lower of cost or NRV

RSK-89013 600 × $38 = $22,800 600 × $47 = $28,800   $22,800

LKW-91247 420 × $47 = $19,740     420 × $40 = $16,800        $16,800

QEC-57429  510 × $26 = $13,260    510 × $32 = $16,320         $13,260

Carrying value of the ending inventory is                                       $52,860

You might be interested in
What are forms of phishing?
Afina-wow [57]
Deceptive, malware-based, session hijacking, and data theft are all forms of phishing,
5 0
3 years ago
An employee organization that represents hourly workers as opposed to salaried employees is called:__________
lubasha [3.4K]

An employee organization that represents hourly workers as opposed to salaried employees is called Union.

<h3>What is a union?</h3>

This is the term that is used to refer to the organization of paid laborers or workers. The union is the collective voice of the people that caters and speaks based on the perceived needs of the people in the society.

The union of workers helps to take care of issues such as the time of work and the amount that is paid to people for labor. Hence we can say that An employee organization that represents hourly workers as opposed to salaried employees is called Union.

Read more on labor union here: brainly.com/question/881501

#SPJ1

6 0
1 year ago
The Harrisburg Store has net working capital of $2,715, net fixed assets of $22,407, sales of $31,350, and current liabilities o
Flauer [41]

Answer:

a. $1.08

Explanation:

Total assets include net fixed assets, working capital and current liabilities. Harrisburg Store's total assets are:

A= \$22,407+\$2,715+\$3,908\\A=\$29,030

The total asset turnover is the amount of money worth of sales generated from every $1 in total assets and is given by:

TAT=\frac{sales}{assets}=\frac{\$31,350}{\$29,030} \\TAT = \$1.08

$1.08 worth of sales are generated from every $1 in total assets.

7 0
3 years ago
Stefan is having discussions with​ customers, product​ enthusiasts, and other people who engage in online discussions. Which inf
quester [9]

<u>Answer: </u>Option E

<u>Explanation:</u>

Analyzing the audience in informal method is through listening to the community. This is the feedback that Stefan can collect by listening to what the community says. based on this information decisions can be made by the product managers. By listening to the community Stefan can also understand their perspective.

To achieve excellence in business communication it is necessary to have informal communication of listening to community. Through listening important messages and insights can be received from customers, product enthusiasts and people in online discussions.

8 0
3 years ago
what attracts you to jpmorgan chase, and specifically, an opportunity in the corporate analyst development program?
Rama09 [41]

J.P. Morgan takes great satisfaction in its distinctive strategy for corporate responsibility. It works to make a difference that will last in our neighborhoods and provide everyone an opportunity to climb the economic ladder.

Why do you use the word "corporate"?

Corporate refers to a group of large enterprises or a specific large company. For corporate clients as opposed to private ones, interest rates are greater. Both the economy and business earnings are expanding. Corporate refers to a group of large enterprises or a specific large company.

Does "private" imply "corporate"?

English definition of a private corporation. a corporation whose assets are never listed on a stock exchange and are owned be just one man or a small number of people, such as a family: The company is an privately held enterprise.

To know more about corporation  visit:

brainly.com/question/28097453

#SPJ4

3 0
1 year ago
Other questions:
  • Consumers are individuals, businesses, or other groups that
    10·1 answer
  • Complete the description of how George financed his car purchase.
    11·1 answer
  • Determine whether the results appear to have statistical​ significance, and also determine whether the results appear to have pr
    15·1 answer
  • AirStep Shoe Company has two retail stores, one in Gainesville and the other in Orlando. The Gainesville store had sales of $165
    12·1 answer
  • F the decrease in the supply of a product is greater than the increase in its demand, _____.
    12·1 answer
  • Edwards is the head of the procurement department at FreshDelights, a frozen yogurt chain. Anticipating a reduction in the deman
    11·1 answer
  • Recently, the government noticed that the consumption of cigarettes has increased among working individuals. To counter this inc
    6·2 answers
  • Jasmine is looking at career options for her future. She would like to be able to rent a house and live in a city near her famil
    7·1 answer
  • Sheffield Corp. is unsure of whether to sell its product assembled or unassembled. The unit cost of the unassembled product is $
    8·1 answer
  • Why do economists pay attention to the balance of trade?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!