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shutvik [7]
3 years ago
5

The following units of an inventory item were available for sale during the year. Use this information to answer the following q

uestions.
Beginning inventory 10 units at $55
First purchase 25 units at $60
Second purchase 30 units at $65
Third purchase 15 units at $70

The firm uses the periodic inventory system. During the year, 60 units of the item were sold.

The value of ending inventory using FIFO is:________

a. $1,350
b. $1,150
c. $1,375
d. $1,250
Business
1 answer:
Alika [10]3 years ago
7 0

Answer:

The value of ending inventory using FIFO is $1,375

Explanation:

Under FIFO the items of inventory purchases earlier will be sold first and the items purchased later will be sold at last.

First, we need to calculate the total available inventory units

Numbers of units available to sale = Beginning Inventory + First purchase  + Second purchase + Third purchase  = 10 units + 25 units + 30 units + 15 units = 80 units

Now 60 units out of 80 are sold the remaining 20 units ( 80 units - 60 units ) will be in the ending inventory.

As per FIFO 20 units will be values as per the last 20 units purchases which will be as follow

Ending Invetory = ( 15 units x $70 ) + ( (20-15) units x $65 ) = $1,375

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A famous study that asked workers to rank a list of job related factors in order of what motivated them most was coneceived and
exis [7]

Answer:

The famous study which asked employees to rank a list of job related factors in order of what motivates them most was introduced and supervised by Federick Herzberg.

Explanation:

Federick Herzberg was an american psychologist ( clinical psychologist ) , who was know to be a great thinker of management and motivational theories. He was the one who introduced the concept of job enrichment and gave the two factory theory of job satisfaction ( also know as motivation - hygiene theory ) , according to which employees or people in general are influenced by two factors - motivation and hygiene.

Where if the hygiene factor is not present in the work environment than it can lower motivation and motivational factors are the ones which can increase an employees motivation.

3 0
3 years ago
It is helpful to list requirements and supporting information in a requirements traceability matrix. When requirements are compl
djverab [1.8K]

Answer:

The correct option is B

Explanation:

It is of great importance for the requirements and supporting information in a requirements traceability matrix to be listed. Upon fulfilling all requirements, there are certain criteria that must be met. The requirements must be prioritized, measurable, and must be identified with a stakeholder who has need for it. Thus, the only option that is not a requirement is that it is to be assigned to a requirement owner.

5 0
3 years ago
The same networking letter can be sent to every member of a job network
Anettt [7]

Answer:

False.

Explanation:

A networking letter can be defined as a type of cover letter or a job-hunting tool written to friends, friends of friends, or professionals in the author's job network to request assistance and support such as introductions, job leads, meetings, referrals and career advice.

Generally, it is advisable to draft and send out different networking letters to the members in your job network.

Hence, the same networking letter shouldn't be sent to every member of a job network so as to increase one's chance of getting a favorable and positive response.

7 0
3 years ago
Many countries, including the United States, measure output by calculating the _____.A. Gross Domestic ProductB. economic peaksC
patriot [66]

Answer:

A. Gross Domestic Product

Explanation:

The gross domestic product is the sum of all final goods and services produced in an economy within a given period which is usually a year.

Gross domestic product can be calculated in 3 ways:

1. Expenditure approach

2. National output

3. National income

Expenditure approach = Consumption spending by households + Investment spending + Government Spending + Net Export

I hope my answer helps you

8 0
3 years ago
A company uses the weighted average method for inventory costing. During a period, Department B finished and transferred 58,000
Anni [7]

Answer:

Option (B) is correct.

Explanation:

Given that,

During a period, Department B finished and transferred to Department C = 58,000 units

In Department B during the period units started = 14,000

Brought only to a stage of being 60% completed.

The number of equivalent units produced by Department B during the period was:

= Units finished and transferred from Department B to C + (Units were started in Department B × 60%)

=  58,000 units + (14,000 units × 60%)

= 58,000 units + 8,400 units

= 66,400 units

3 0
3 years ago
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