Answer:
Ending Inventory 31,900
COGS 65,300
Explanation:
![\left[\begin{array}{cccc}$Date&$Cost&$Units&$Subtotal\\Beginning&20&100&2,000\\P1&22&1,800&39,600\\P2&26&800&20,800\\P3&29&1,200&34,800\\Total&&3,900&97,200\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bcccc%7D%24Date%26%24Cost%26%24Units%26%24Subtotal%5C%5CBeginning%2620%26100%262%2C000%5C%5CP1%2622%261%2C800%2639%2C600%5C%5CP2%2626%26800%2620%2C800%5C%5CP3%2629%261%2C200%2634%2C800%5C%5CTotal%26%263%2C900%2697%2C200%5C%5C%5Cend%7Barray%7D%5Cright%5D)
Ending Inventory: 3,900 available - 2,800 = 1,100
As we use FIFO the 1,100 untis from ending inventory will be from the newest purchase:
1,100 units at 29 = 31,900
then we can calculate COGS as the difference between the cost of goods available for sale and the ending inventory
97,200 - 31,900 = 65,300 COGS
Answer
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer:$1,753,500
Explanation:I multiplied the amount of stacks availible and how much the stocks cost.
Answer:
d. Consumer price index
Explanation:
Consumer price index in any country consists of goods and services that are used in day to day activities by consumers e.g. daily food items, utilities, transportation etc. The index is used to measure the increase in weighted average prices of the constituents over a particular time.
Option A is price index for producers that measures the increase in price of goods and services that are typically used by different producers for their output.
Option B is an analysis that is used to assess the trends of any economy. This analysis is performed by government economists, officials and government to make informed decisions about future actions. Individuals have no use of the index.
Option C Gross domestic product (GDP) deflator is a price adjustment to GDP of current year to depict the actual growth in value of goods and services produced in a particular year. GDP deflator is a reduction of inflation rate from nominal rate of increase in GPD.
Answer:
c
Explanation:
Foreign exchange is the rate at which one currency is exchange for another currency
for example : $1 = N 382.50
If a currency appreciates, it value increases
e.g. if the dollar appreciates against the naira, the exchange rate becomes $1 = N 500
If the central bank prevents an appreciation of its currency by intervening in the foreign exchange market and selling its currency for foreign currency, domestic money supply increases and aggregate demand decreases. this would lead to a reduction in the value of the currency
