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blsea [12.9K]
3 years ago
14

Melbourne Company uses the perpetual inventory method. Melbourne purchased 500 units of inventory that cost $4.00 each. At a lat

er date the company purchased an additional 600 units of inventory that cost $5.00 each. If Melbourne uses a LIFO cost flow method, and sells 800 units of inventory, the amount of ending inventory appearing on the balance sheet will be:
Business
1 answer:
ra1l [238]3 years ago
5 0

Answer:

$1,200

Explanation:

Calculation to determine what the amount of ending inventory appearing on the balance sheet will be:

First step is to determine the units in ending inventory

Units in ending inventory=500 units + 600 units – 800 units sold

Units in ending inventory= 300

Now let determine the Ending inventory

Ending inventory=300 units x $4.00

Ending inventory = $1,200

Therefore the amount of ending inventory appearing on the balance sheet will be:$1,200

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Consider the following saying: "If at first you don’t succeed, try, try again." According to cognitive dissonance theory, trying
bekas [8.4K]

Answer:

Increase

Explanation:

Within the specific department of psychology, cognitive dissonance transpires while a personality possesses pair or extra incongruous ideas, beliefs, or values, or engages under an activity that works against one of these three, also undergoes psychological pressure because concerning such things. When a couple of activities either view does not remain psychologically compatible among all others, somebody will produce all their strength to modify them till they enhance consistently. "If at prime, you do not succeed, attempt, attempt repeatedly." According to the cognitive dissonance approach, attempting once more should <u>increase</u> whence enough thou worth of specific consequence of your struggles.

6 0
3 years ago
The amount of the good that buyers are willing and able to purchase at a given price is<br> called
monitta
The amount of a good or service buyers are willing and able to trade at a given price is known as the quantity demanded of that good or service. ... A demand schedule is the tabular representation of all the quantities demanded at different prices whereas a demand curve is a graphical manifestation of the demand schedule.
7 0
3 years ago
During March, the production department of a process manufacturing system completed a number of units of a product and transferr
ANEK [815]

Answer:

Direct Materials EU = 165,000

Direct Labour EU = 144,000

Explanation:

Equivalent Units (Weighted Average Method) =  Beginning Goods In process + Units Completed + Ending Goods x % of completion

Direct Materials:  25,000 + 110,000 + 30,000 x 100% = 165,000

Direct Labor: 25,000 + 110,000 + 30,000 x 30% = 144,000

Remember: In the weighted average cost system the units in process at the beginning are count as a full equivalent unit of production.

8 0
4 years ago
Which of the following items are initially recorded as an expense on the income statement?
Fantom [35]

The items that are initially recorded as an expense on the income statement are:

  • a. Research and development costs
  • b. Advertising costs

<h3>What is an Income Statement? </h3>

This refers to financial information that stores all the inflows and income that occurred over a period of time.

Hence, we can see that from the complete text, there are lists of items and the Research and development costs and Advertising costs are initially included as expenses in the income statement.

Read more about income statements here:

brainly.com/question/24498019

#SPJ11

6 0
2 years ago
. On January 1, 2018, Nana Company paid $100,000 for 10,000 shares of Mama Company common stock. The ownership in Mama Company i
natka813 [3]

Answer: $450,000

Explanation:

It is shown that Nana Company does not have significant influence over Mama Company.

What this means is that Mama's retained earnings, incomes or dividends have no effect on the investment account of Nana in relation to their Mama investment.

The only relevant amount is the fair value of the Mama's stock that Nana owns.

= 10,000 * 45

= $450,000

4 0
3 years ago
Read 2 more answers
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