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3 years ago

Using the fifo method what is the cost of goods sold in september

Business

1 answer:

valina [46]3 years ago

3 0

Answer:

1805

Explanation:

Number of units sold in September = 160 units

Using the first - In, First out inventory method : assumes that the oldest (first) inventory items have been sold first.

Inventory items will first be sold from April, the May and so on :

Unit price in April = $11 ; Number of items = 115

($11 * 115) = $1265

(160 - 115) = 45 units

This 45 units will be sold at unit price for May :

(45 * $12) = $540

Cost of goods sold in September :

$1265 + $540 = $1805

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Furkat [3]

Answer:

Open end

Explanation:

Open end otherwise known as mutual fund are those investments offered through fund companies which sells shares directly to investors. In an open end fund investment, there is no limit to the number of shares that can be offered therein. The shares traded are unlimited which means that shares can be issued in as much can be backed up with funds.

The prices for open end funds are fixed once daily which shows the performance of the investment for that day hence the only price at which investment shares can be bought for that day.

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3 years ago

If you co-sign for a friend's credit card, what is the danger to you if your friend fails to pay? A. You might get secured credi

klasskru [66]

Answer:

The correct option is C

Explanation:

When the person who co- sign for a credit card of a friend, then the person will be in a danger of lowering its own credit score if the person's friend fails to pay for the payment.

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7 0

3 years ago

Read 2 more answers

A company provided the following direct materials cost information. Compute the total direct materials cost variance. Standard c

lord [1]

Answer:

C. $78,250 Unfavorable.

Explanation:

We know,

Material cost variance = (Standard quantity × Standard price) - (Actual Quantity × Actual price)

Given,

Standard quantity = 405,000 units

Standard price = $2.00 unit

Actual Quantity = 403,750 units

Actual price = $2.20 unit

Putting the values into the formula, we can get

Material cost variance = (Standard quantity × Standard price) - (Actual Quantity × Actual price)

Material cost variance = (405,000 × $2.00) - (403,750 × $2.20)

Material cost variance = $810,000 - $888,250

Material cost variance = -78,250

Material cost variance = 78,250 (Unfavorable)

Therefore, C is the answer.

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3 years ago

There are ___ credit reporting companies

MariettaO [177]

There are 3 credit reporting companies

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3 years ago

Paolo recently lost his job as a waiter at a local restaurant. A recent increase in the minimum wage keeps local employers from

Helga [31]

Answer:

B) False

Explanation:

The natural rate of unemployment does not include cyclical unemployment, in this case cyclical unemployment is 0.

The natural rate of unemployment is the unemployment rate that exists when the economy is going through its expansion cycle. The availability of new jobs has decreased because the minimum wage increased, not because the economy is not doing well.

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3 years ago