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levacccp [35]
2 years ago
8

Which of the following statements is correct with respect to inventories? The FIFO method assumes that the costs of the earliest

goods acquired are the last to be sold. It is generally good business management to sell the most recently acquired goods first "Under FIFO, the ending inventory is based on the latest units purchased." FIFO seldom coincides with the actual physical flow of inventory.
Business
1 answer:
jeka57 [31]2 years ago
7 0

Answer:

Under FIFO, the ending inventory is based on the latest units purchased.

Explanation:

First in, first out inventory (FIFO) method values cost of goods sold using the purchase price of the "oldest" units in inventory. This means that the cost of the first units sold will be used to determine COGS.

On the other hand, last in, first out (LIFO) method uses the price of the most recently purchased units to determine the cost of goods sold.

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Answer:

C) relaxed and alert at the same time

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1 year ago
Suppose the benefit of owning a painting, in terms of your personal enjoyment, is worth 5% of the value of the painting. If the
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7%

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3 years ago
which career field is likely to experience growth in salary in the next few years below the annual median? education, hospitalit
ryzh [129]

The government is the career field that is likely to experience growth in salary in the next few years below the annual median.

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

This refers to the system of governing an organized community, generally a state. In the case of its broad associative, the government normally consists of legislature, executive, and judiciary.

The other terms for government are executive, regime, authority, powers that be, directorate, council, leadership, management. cabinet, ministry. rule, term of office, incumbency.

Hence, the government is the career field that is likely to experience growth in salary in the next few years below the annual median.

Therefore, the Option C is correct.

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3 0
1 year ago
Use the following selected information from Wheeler, LLC to determine the 2017 and 2016 trend percentages for net sales using 20
babunello [35]

Answer:

119.4% for 2017 and 100.0% for 2016.

Explanation:

                                                      2017                2016

Net sales                                 $276,200        $231,400

Cost of goods sold                  $151,900        $129,590

Operating expenses                $55,240         $53,240

Net earnings                             $27,820          $19,820

since we are using 2016 as a base year, the $231,400 in net sales represent 100%, so the trend percentage for 2017 = net sales 2017 / net sales 2016 $276,200 / $231,400 = 1.1936 = 119.4% or a 19.4% increase.

The base year's amount will always be 100% or 1, and the trend percentages will change relative to that year.

7 0
3 years ago
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Answer:

Please see attachment

Explanation:

Please see attachment

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3 years ago
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