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
Svetlanka [38]
3 years ago
12

A company uses a periodic inventory system sells a single product that had a beginning inventory of 5,000 units with a total cos

t of $35,000. Early in the year, 12,000 units were purchased at $9 each and 4,000 units were on hand at the end of the year. Using LIFO, what is the amount of Cost of Goods Sold A) $117,000 B) $91,000 C) $107,000 D) $115,000 solve
Business
1 answer:
MAVERICK [17]3 years ago
6 0

Answer:

D) $115,000

Explanation:

beginning 5,000 at cost of       $  35,000

purchase 12,000 at $9 each = $ 108,000

total units  available for sale 17,000

ending                            <u>        (4,000)   </u>

sold units:                              13,000

Under LIFO we first sale the newest units those are the purchased ones.

we will sale the 12,000 purchased unit  --> $108,000

13,000 - 12,000 = 1,000 there is still 1000 more unit to sale oso we take themfrom beginning inventory

and 1000 of the beginning inventory:

35,000 / 5,000 x 1,000 =  7,000

total cogs = 108,000 +7,000 = 115,000

You might be interested in
Discuss the leverage and risk aspects of each structure.
BaLLatris [955]

Answer:

Find the answer in the file attached.

Download pdf
5 0
3 years ago
According to the OOH, what educational, training, certification, or licensing requirements do Physicians and Surgeons need? Chec
bulgar [2K]
Medical school, and internship and residency program
3 0
2 years ago
Read 2 more answers
A simple purchase on the Internet will not require which function?
Alecsey [184]
A. Multiple password changes and verifications

You won’t need a password for most online stores. The rest of the answers are all required.
6 0
3 years ago
Using the fixed-order quantity model, which of the following is the total ordering cost of inventory given an annual demand of 3
Gennadij [26K]

Answer:

E) $2,400

Explanation:

optimal order quantity = sqrt{(2*D*S)/H}

                                     = sqrt{(2*36,000*$80)/$4}

                                     = $1,200

number of orders per year = $36,000/$1,200

                                             = $30

total ordering cost = $30*$80

                               = $2,400

Therefore, The total ordering cost of inventory is $2,400.

3 0
3 years ago
While workers in the United States are more task oriented and require information to do their jobs, workers from Korea are more
alisha [4.7K]

Considering the situation described above, it is concluded that Korea is a <u>High context</u> culture, and the U.S. is a <u>low-context</u> culture.

A high context culture is a type of culture that is characterized by collectivism and an implicit form of communication.

On the other hand, a low context culture is a type of culture that is associated with direct verbal interaction and individualism.

It is no secret that the United States promotes individualism or independence as a society which is a form of low context culture. In contrast, the Korean culture promotes stability and group relation, which is a form of high context culture.

Hence, in this case, it is concluded that Korea has high context culture while the United States has a low-context culture.

Learn more here: brainly.com/question/17438233

8 0
2 years ago
Other questions:
  • We call the 10 / 30 rule
    14·1 answer
  • At the polling place you will need to show three forms of identification. True or False?
    12·1 answer
  • Suppose you have won a free ticket to see a Bruce Springsteen concert. This ticket has no resale value. Also suppose that U2 has
    8·1 answer
  • Which of the following management responsibilities often involves evaluating the results of operations against the​ budget?
    14·1 answer
  • A set of techniques and principles for systematically collecting, recording, analyzing, and interpreting data that can aid decis
    7·1 answer
  • All of the following criteria serve as a valid basis for identifying potential projects in most organizations EXCEPT: ​
    14·1 answer
  • Whats x-(4x-7)=5x-(x+21)
    8·1 answer
  • A guidance counselor at a high school is working on a project to get more girls interested in the Science, Technology,
    13·2 answers
  • Performance Products Corporation makes two products, titanium Rims and Posts. Data regarding the two products follow: Direct Lab
    15·1 answer
  • Since world war ii, the federal government's share of total government expenditures has been between?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!