Answer:
WA 1,682
LIFO 910
FIFO 2,260
Explanation:
![\left[\begin{array}{cccc}Date&Cost&Units&Subtotal\\$Jan 20th&8&400&3200\\$April 21th&10&200&2000\\$July 25th&13&280&3640\\$Sept 19th&15&90&1350\\$Total&10.51&970&10190\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bcccc%7DDate%26Cost%26Units%26Subtotal%5C%5C%24Jan%2020th%268%26400%263200%5C%5C%24April%2021th%2610%26200%262000%5C%5C%24July%2025th%2613%26280%263640%5C%5C%24Sept%2019th%2615%2690%261350%5C%5C%24Total%2610.51%26970%2610190%5C%5C%5Cend%7Barray%7D%5Cright%5D)
We add the units purchase and the subtotal to get the total units available for sale.
Ending inventory physical units: 970 - 810 = 160 units
<u>Then, we calculate for each method:</u>
Weighted average:
cost of goods / available units = 10,190 / 970 = 10.51
160 units x 10.51 = 1,681.6
LIFO:
Ending inventory will be the oldest units:
160 units x 8 = 960
FIFO:
Ending inventory will be the newest units as the units are sold as soon as they come in
90 x 15 = 1,350
70 x 13 = 910
Total 2,260
Answer:
land
Explanation:
why because buying a capital we'll be to much
Answer:
The journal entry is shown below:
Explanation:
According to the scenario, the journal entries for the given data are as follows:
Petty cash A/c Dr $236
To Cash A/c $236
(Being establishment of the fund is recorded )
Office supplies A/c Dr $94
Misc. Expense A/c Dr $89
Cash Over / Short Dr $22 ( $236 - $31 - $89 - $94)
To Cash A/c $205 ( $236 - $31)
(Being Reimbursement of the fund is recorded)
Answer:
Employers treat the taxable fringe benefits the same as cash compensation.
Explanation:
Taxable fringe benefits "are included in gross income and subject to federal withholding, social security, and Medicare taxes".
Fringe benefits are "perks and additions to normal compensation that companies give their employees, such as life insurance, tuition assistance, or employee discounts".
* The cost of the taxable fringe benefit is deductible to the employer, not the value of the benefit to the employee.
FALSE, the taxable fringe benefit is not deductible from the employer.
* Employers treat the taxable fringe benefits the same as cash compensation.
TRUE, and as we can see on the definition above the taxable fringe benefits are treated as a compensation that comapnies giv their employees.
Answer:
The correct answer is option B.
Explanation:
Amortization is a technique used in accounting. It involves the process of spreading payment over multiple periods. In accounting, amortization refers to the allocation of the cost of intangible assets over its lifetime.
For instance, amortization of a loan means spreading the interest and principal of the loan over its lifetime. It means fixed monthly payments of interest and principal.
