Answer:
FIFO - $22,880
LIFO - $21,120
Explanation:
The FIFO inventory system means first in, first out. It means the initial inventory is the first to be sold. The ending inventory would consist of the last purchased inventory.
Ending inventory = 52 ×$440 = $22,880.
The LIFO inventory system means last in, first out. It means the last purchased inventory are the first to be sold . The ending inventory would consist of the initial inventories.
Ending inventory = (36 units × $400) + [(52-36) × 420] =$14,400 + $6,720 = $21,120
I hope my answer helps you
<h2>
Behavioral view point is pertaining to the motivation and encouragement of employees towards achievements.</h2>
Explanation:
Initially the organization was
- concentrating only on the productivity of the employee
- lost focus on motivating employees
- not providing much "employee-friendly" atmosphere
Later on, the "Behavioral management" theory helped the organization
- a shift from Production to leadership based work culture
- a good work environment to satisfy the employees
- Motivate to achieve good results
- Reach both individual and organization's goal
- Motivating by providing Increase in the wages
