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
nataly862011 [7]
3 years ago
15

Sheridan Company has the following inventory data: July 1 Beginning inventory 36 units at $19 $684 7 Purchases 126 units at $20

2520 22 Purchases 18 units at $22 396 $3600 A physical count of merchandise inventory on July 30 reveals that there are 60 units on hand. Using the LIFO inventory method, the amount allocated to cost of goods sold for July is
Business
1 answer:
Alexeev081 [22]3 years ago
7 0

Answer:

$2436

Explanation:

LIFO means last in first out. It means that it is the last purchased inventory that is the first to be sold.

total goods sold = (total inventory purchased + beginning inventory) - 60

(36 + 126 + 18) - 60

180 - 60

= 120

the 120 units sold would be taken from the inventory purchased on the 22nd and 7

(18 x 22) + [(120 - 18) x 20]

396 + 2040 = 2436

You might be interested in
Which of the following are characteristics of effective government leaders? Select all that apply.
pentagon [3]

Answer:

the ones that apply are:

a) Willingness to accept responsibility.

b) Keep a government strong and active.

d) Act as a final point of authority.

Explanation:

5 0
3 years ago
Andy is a supervisor at a web design company. andy has observed that most employees he supervises are more productive if he lets
kompoz [17]

The answer is False, whereas training focuses on specific job-related skills, development is aimed at helping managers improve more general skills such as time management, motivating employees, and solving problems. <span>Cognitive ability tests are seen as aptitude tests because they focus on the question of whether the person will be able to perform some specific task in the future.</span>

3 0
3 years ago
You work for a marketing consulting firm. The company has hired two interns for the summer. You have been appointed to mentor Hi
muminat

Answer:

A, B & D

Resist humor and sarcasm.

Be concise

Care about tone.

Explanation:

E-mail tips to give a new intern should be to resist humor and sarcasm, be concise and care about the tone of the email.

5 0
3 years ago
What are the five steps you should take before making significant purchase?
Viktor [21]

What <u>i look</u> before purchasing the item is look at the review to see if people like it or think it is useful and 2 i look at the price if it is reasonable than i like it , sorry that is the only thing i think i do sorry did that help?

8 0
3 years ago
The most common type of permanent life insurance is called:
Aleks [24]
The most common type of permanent life insurance is called whole life policy im 100% percent sure that the right answer 
3 0
3 years ago
Other questions:
  • What amount would Becca declare on her income tax return if Becca and Suzanne had formed a Subchapter S corporation and there wa
    7·1 answer
  • What is the consumer's ability and desire to buy goods and services called?
    9·1 answer
  • __________ refer to the tendency to overestimate the influence of personality factors when interpreting the actions of people
    5·1 answer
  • 1. Which of the following is characteristic of governmental fund accounting and financial reporting? a. The inclusion of only fi
    7·1 answer
  • You are given the following information for Lightning Power Co. Assume the company's tax rate is 35 percent.
    14·1 answer
  • On January 1, Year 1, Sayers Company issued $280,000 of five-year, 6 percent bonds at 102. Interest is payable semiannually on J
    14·1 answer
  • The Mateo Corporationâs inventory at December 31, 2018, was $325,000 based on a physical count priced at cost, and before any ne
    13·1 answer
  • Ketchum &amp; Lushene Hardware sells 100 hammers daily. The supplier takes two days
    7·1 answer
  • Luxton Ltd. signed a $378,000, 5-year note payable to buy a new machine. Luxton paid $6,000 cash for transportation of the machi
    9·1 answer
  • What is the Net Present Value of the following cash flow streams at an interest rate of 8.25%: at year 0: $0; year 1: $75; year
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!