1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nat2105 [25]
3 years ago
9

Tamarisk has the following inventory data:

Business
1 answer:
DerKrebs [107]3 years ago
5 0

Answer:

Option A

Total cost of goods sold = $<u>1,007.7</u>

Explanation:

<em>Under the last -in-first-out (LIFO) method, inventory are priced using the price of the newest/latest batch in stock until a new batch is received after which the price of the new batch is used and this is continued.</em>

So we apply the principle as follows:

                                                               $                

July 14 sale of 83 units = 83× 6.90 = 572.7

July 30 sale of 58 units = 58× 7.50 = <u>435</u>

Total cost of goods sold                     <u>1,007.7</u>

Total cost of goods sold = $1,007.7

You might be interested in
The metro system in Chepe City is new, so the government has decided not to sell tickets but to charge a flat amount to each of
almond37 [142]

Answer:

Explanation:

55

8 0
3 years ago
An annual report for International Paper Company included the following note:The last-in, first-out inventory method is used to
Vilka [71]

FIFO method :

Amount of Net Ducome GA per F1 Fo

Net Income (After Tan) $2144 mule

Add Income Tan Changed

(2144 X 100/70) X 30%. 76                                                   $918.857 rude

                                                                                              $3062.857 nis                                                          

Add Closing Inventory Incrare as bei FIFO                              293

Lesso Open Deventory Ducres asper FIFO                        (290 nulls)

Income before Taxes                                                            3065.857 null

Income Taxes 30 y.                                                               (919.757 null)

Net Income                                                                            2146. to Pullen

FIFO ("first in, first out") is based on these production costs, assuming that the oldest products in a company's inventory are sold first. The LIFO (last in, first out) method assumes that the newest product in the company's inventory was sold first, and uses that cost instead.

FIFO (First In, First Out) Inventory Management evaluates inventory to reduce the likelihood of business losses when products are phased out or discontinued. LIFO (last in, first out) inventory management is suitable for non-perishable goods and uses the current price to calculate the cost of goods sold.

Learn more about FIFO at

brainly.com/question/24938626

#SPJ4

6 0
1 year ago
Google this for me: How to handle analysis paralysis?
Ivanshal [37]
<span><span> The purpose of the analysis is not sufficiently clear, so analysts produce data that doesn’t shed any light on what act</span></span>
6 0
3 years ago
Read 2 more answers
Sheridan considers herself a religious person who attends worship services regularly, but she did not attend worship services fo
shusha [124]

The answer is: averaged over time, Sheridan attends worship services regularly.

When we use principle of aggregation, we would not rely on single measurement to make a representation of a person's behavior. We rely more on multiple sets of measurements.

From the case above, Sheridan not attending the services for two weeks could be explained by things such as personal issues or physical illness. Since she considers herself as religious who attend regularly, it is very likely that averaged over time, Sheridan attends worship services regularly.

8 0
3 years ago
Read 2 more answers
Airlines utilize _____ because there is constant communication and back-and-forth between gate agents, ticket agents, baggage ha
solniwko [45]

Hey there!

Your answer is reciprocal independence.

In reciprocal independence, different areas of a company are constantly communicating with each other.

Sequential independence means that one area is dependent on the actions of another, which is not what this is describing.

In pooled independence, different parts of the business are very separate and don't really interact with others, which is definitely what this is describing.

Hope this helps!

4 0
3 years ago
Other questions:
  • When we say that the classical model of decision-making specifies how managers should make decisions, this is another way of say
    8·1 answer
  • The ability of an office holder to avoid challenges from quality challengers is known as the __________ effect.
    15·1 answer
  • Which is true? Group of answer choices Typically, only highly skilled statisticians perform trend and root cause analysis. Ultim
    7·1 answer
  • Activity Cost Pools Estimated Overhead Cost Expected Activity Assembly $ 515,520 52,500 machine-hours Processing orders $ 62,763
    5·1 answer
  • A firm sells peanuts in a perfectly competitive market. Upon increasing production output from 60 packages to 75 packages, the t
    7·1 answer
  • After hearing that a local tire company was looking for a new firm to handle their advertising, Kevin scheduled a sales presenta
    12·1 answer
  • Gross billings for merchandise sold by Pharoah Company to its customers last year amounted to $12720000; sales returns and allow
    8·1 answer
  • The book of _______________ tells the story of the wilderness journey. It serves as a travel diary of the Israelites after the e
    12·1 answer
  • DEFINITION TERM 1. Investments in debt securities that are not held-to-maturity or trading. 2. Investments in debt securities th
    11·1 answer
  • As the interest rate __________, the opportunity cost of holding money __________ and individuals choose to hold __________ mone
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!