The reported ending inventory was $43,112 thousand. If FIFO were used exclusively, the ending inventory would have been $6,964 thousand higher than reported, or $50,076 thousand.
Inventory refers to all the items, goods, goods, and materials that a business holds for sale in the market to make a profit. Example: If a newsagent uses a vehicle to deliver newspapers to customers, only the newspapers are considered inventory. A car is treated as an asset.
The manufacturer has three types of inventory. There are raw materials (awaiting processing), work in process (processed), and finished goods (preparing for shipment). The LIFO method assumes that the most recently purchased inventory units are sold.
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Answer:
nothingbiy cu im gonna give you the rong anser yu cant cheat
Explanation:
As a project nears is completion, it has been found that it becomes a significant challenge to get the project team to remain focused.
<h3>Why does focus reduce as a project nears completion?</h3>
There are several reasons why a project nearing completion would lead to a loss of focus and one of them fatigue from having worked on the project for a certain period of time.
Another reason is that the project team will be getting ready to move onto a new project as the current project comes to an end. As a result, they will focus less on the current project.
In conclusion, teams lose focus as their project nears completion.
Options for this question are:
- focused
- working
- energetic
- together
- performing
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Answer:
The benefit of using mobile financial investment
see below
Explanation:
How does Siroya use mobile data to create a financial identity?
Siroya explains that a they have created a mobile application that can establish credit card scores utilizing mobile data after making an in route in establishing trust and open up financial access for those without credit card scores. Thru data captures of financial transactions on mobile devices, they were able to create financial identities for two billion five hundred million people .
What were Jenipher’s options for getting a loan
- Jenipher will explore the option of micro loans
- Jenipher will have to form a group or an association to access the micro loans to stand as a guarantor for her
- Loan proportion will be too small to impact positively on her business
- Loan sharks is another option but the risks are too weighty
What is one data point that shows a good propensity to pay a loan back?
- In Jenipher situation the mobile app was able to pinpoint a good potential of credit history
How has Jenipher’s life improved as a result of the loan using Siroya’s technology?
- Jenipher recorded savings of 6% after using the mobile app and her business improved tremendously
- She added food stall and restaurant
Answer:
Journal entries for the Completion of Job 113
Debit Finished Good/Inventory Account $ 7500
Credit WIP JOB 113 Account $ 7500
(In words we will debit finished good account by shifting work in process related to the job 113 in it)
Journal entries for the Completion and sale of Job 85
Debit Finished Good/Inventory Account $ 2300
Credit WIP JOB 113 Account $ 2300
For sales following two entries will be passed.
Debit Cost of Good Sold Account $ 2300
Credit Finished Good/Inventory Account $ 2300
Debit Cash (or Receivable if credit sale) $ 4500
Credit Sales Account $ 4500
