Answer:
$66,700
b. LIFO = $70800
67807.81
Explanation:
LIFO means last in first out. It means that it is the last purchased inventory that is the first to be sold.
(8130 x 8) + [(9090 - 8130) x 6) = 70800
FIFO means first in, first out. It means that it is the first purchased inventory that is the first to be sold
(3010 x 6) + [(9090 - 3010) x $8] = 66,700
Average cost = [(3010 x 6) + (8130 x 8)] /
18060
48640
b 65040
5760
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Answer:
The cost of the 28 units sold is $548
Explanation:
In the given question,
On March 1 it purchase 12 units for $15 = 12 units × $15 = $180
On March 2 it purchase 12 units for $24 = 12 units × $24 = $288
On March 6 it purchase 7 units for $20 = 7 units × $20 = $140
And, on march it sold 28 units for $63 each
The 28 units could be taken from
12 × $15 = $180
12 × $24 = $288
And remaining 4 units × $20 = $80
So, the total cost of units sold = $180 +$288 +$80 = $548
Answer:
Global product division structure.
Explanation:
A Global product division structure is a business structure where the central headquarters controls the activities of it's branches which are located in different countries, especially when it involves key decision making process in the business.
The various member branches of the global product division structure has a manager who supervises the daily runnings of the business and gives a report back to it's central headquarters.
