Two cars that are 150 miles apart start driving toward each other on parallel roads. The average speed of the first car is 60 mi
les per hour. The average speed of the second car is 55 miles per hour. Which equation can be used to determine t, the time it takes for the two cars to pass each other? A table showing Rate in mile per hour, Time in hours, and Distance in miles. The first row shows First Car and has 60, t, and 60 t. The second row shows Second Car and has, 55, t, and 55 t.
1 answer:
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Answer:
The value of ending inventory will be items of latest purchase.
Step-by-step explanation:
Given that,
Lisa Company uses the periodic inventory system to account for inventories.
Information related to Lisa Company's inventory at October 31 is given,
Suppose, find the value of ending inventory using the FIFO cost assumption if 500 units remains on hand at october 31
We need to calculate the value of ending inventory
Using FIFO method
Hence, The value of ending inventory will be items of latest purchase.