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
Mkey [24]
3 years ago
13

A company had inventory on November 1 of 5 units at a cost of $20 each. On November 2, they purchased 10 units at $22 each. On N

ovember 6 they purchased 6 units at $25 each. On November 8, 8 units were sold for $55 each. Using the LIFO perpetual inventory method, what was the value of the inventory on November 8 after the sale

Business
1 answer:
Nady [450]3 years ago
7 0

Answer:

The value of the inventory on November 8 after the sale is $276.

Explanation:

Detailed steps are attached below

You might be interested in
When ruko, a device used to stream movies at home, increases prices by 48% total revenue decreases by 61%?
Free_Kalibri [48]

Answer: Demand is elastic

Explanation:

Total revenue from the sale of a good is negatively related to the price when demand for the good is elastic and positively related to the price when demand for the good is inelastic.

So, as increase in price by 48% decreases total revenue by 61%, therefore the demand for Ruko, a device used to stream movies at home is elastic.

3 0
3 years ago
If you have to reject a job offer because it isn't what you wanted, what is the best step to take?
BartSMP [9]
C because it is the the answer
4 0
3 years ago
Read 2 more answers
Which of the following is not a benefit of networking
Marysya12 [62]

Answer:

B. Registering for college courses earlier

Explanation:

Here are the options  

A. Meeting potential employers  

B. Registering for college courses earlier

C. Building relationships

D. Learning how to socialize professionally

Networking can be described as when people with similar interests come together to exchange ideas. The exchange of ideas usually takes place in an informal setting.

With the advent of technology, networking can take place on social media.

Networking has several advantages :

  • It connects the unemployed with recruiters
  • It facilities the exchange of ideas and knowledge
  • It is a great way to meet people and exchange ideas
3 0
2 years ago
Read 2 more answers
The United States and many other countries often impose trade sanctions on other countries. These sanctions A. tend to decrease
Pavel [41]

Answer:

The correct answer is option D.

Explanation:

Sanctions can be defined as penalty levied on other countries or citizens of other countries. There are a number of trade sanctions such as

  1. Tariffs
  2. Quotas
  3. Non-tariff barriers
  4. Embargoes

These trade sanctions affect both the sanctioning country as well as the sanctioned country. The imposition of trade sanctions on a country affects exports of the country. As the producers are able to supply less, there will be a reduction in producer surplus.

The imports for the consumers in the sanctioning country will decline. There will be less choice for them. This will cause a reduction in consumer surplus.

6 0
3 years ago
True or false: The transfer of costs from one inventory account to the next parallels the physical transfer of goods from one in
Ket [755]

The transfer of costs from one inventory account to the next parallels the physical transfer of goods from one inventory to the next is true.

<h3>What is an Inventory Account?</h3>

Inventory accounting is part of accounting that involves modifications in values and accounts or price of inventoried assests.

A company's inventory nvolves goods are grouped into three stages of production which are raw goods, in-progress goods, and finished goods that are ready for sale.

Therefore, The transfer of costs from one inventory account to the next parallels the physical transfer of goods from one inventory to the next is true because gross profit will be lower, income tax will be lower and the cost of goods will increase.

Learn more on inventory account from the link below.

brainly.com/question/8192827

7 0
2 years ago
Other questions:
  • Operation X feeds into Operation Y. X has an effective capacity of 55 units per hour. Operation Y has effective capstracity of 5
    12·1 answer
  • What is the law of supply
    6·2 answers
  • 8. Why is the vertical filing more scientific? Prove it with five<br>reasons.​
    9·1 answer
  • Mrs. Cox, a head of household, earned a $313,000 salary and recognized a $29,300 net long-term capital gain this year. Use Indiv
    15·1 answer
  • The selling price of houses would be most likely to decrease if there were first a decrease in which of the following? A. New-ho
    12·2 answers
  • The assets section of a classified balance sheet usually includes the subgroups: Multiple Choice Current
    8·1 answer
  • A company is going to be performing an initial offering. The offering will be limited to one state. The company has no intention
    5·1 answer
  • Given the following production function for Tight Jeans Corporation, calculate the marginal physical product and the value of th
    13·1 answer
  • Strategies developed at the departmental level, such as the accounting, human resources, production, and marketing departments,
    12·1 answer
  • Henry fayol identified five functions of management: planning, organizing, commanding, coordinating, and controlling. these are
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!