Answer:
$1,510
Explanation:
LIFO means last in first out. It means that it is the last purchased inventory that is the first to be sold.
The business had a total of 40 inventories.
The inventories sold = 40 - 20 = 20
The cost of the goods sold would first be alloted to the 3rd purchased inventory = 10 x $77 = $770
The remaining cost of goods sold would be allocated to the 2nd purchase of inventory = 10 x $74 = $740
Total = $740 + $770 = $1,510
I hope my answer helps you
Health Science Career Cluster
Answer:
The Journal entry at the beginning of the year is as follows:
Estimated revenue A/c Dr. $1,342,500
Estimated other financing sources-Bonds proceeds A/c Dr. $595,000
To Appropriations control $960,000
To Appropriations-Other financing uses-operating transfer outs $532,500
To Budgetary fund Bal. $445,000
(To record entry at the beginning of the year)
Answer:
The businesses paid $24 billion in entrepreneurial ability. This value comes from subtracting the wages, rent and interest from the total amount of businesses' purchase. In this case 170 - 88 - 24 - 34 = 24.
Explanation:
This value can be understood as goodwill that households are recognized for their ideas and can bring a future return to the businesses. The businesses had assessed the future stream of cash the household could bring and, basing our guess on businesses behaving rationally, and they found that 170 was an amount that will recognize these future opportunities
