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
shtirl [24]
2 years ago
9

Assuming that periodic inventory records are kept, the ending inventory on a LIFO basis is Group of answer choices $16,440. $17,

160. $17,880. $16,640. None of these answer choices are correct.
Business
1 answer:
Troyanec [42]2 years ago
7 0

Answer:

$16,440.

Explanation:

Please find attached the data used in answering this question

LIFO means last in first out. It means that it is the last purchased inventory that is the first to be sold.

the ending inventory would consist of earlier purchased goods

total sales is 20800

total purchases = 26,000

ending inventory = 26,000 - 20800 = 5200

this price of the ending inventory = 3200 x 3.2) + (2000 x 3.1) = $16,440.

                               

You might be interested in
Diverse regulatory practices _____ the integration process of a global information system (gis). facilitate speed up impede empo
mylen [45]

The answer in the space provided is impede because they need to prevent the integration process of global information system in which impeding is the process or practice that helps them to engage with the process that involves of the GIS. 

3 0
3 years ago
ason owns a small landscaping business called GreenScapes. When buying a new pickup truck for his landscaping business, Jason ne
Tomtit [17]

Answer: reciprocity

                       

Explanation: In simple words, reciprocity refers to the agreement in which two parties exchange goods or services in such a way that both of them will gain benefit from such agreement.

In business it can achieved in many ways, for example by combining the efforts and resources or by providing each other some service in exchange for service from the other side.

In the given case, Jason made a deal with dodge to provide service to him in exchange for service by him. Hence we can conclude that the given case depicts reciprocity.

4 0
3 years ago
Xie Company identified the following activities, costs, and activity drivers for this year. The company manufactures two types o
san4es73 [151]

Answer:

Results are below.

Explanation:

<u>First, we need to calculate the plantwide predetermine manufacturing overhead rate:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

total estimated overhead costs for the period= (625,000 + 900,000 + 105,000 + 175,000 + 300,000 + 75,000)

total estimated overhead costs for the period= $2,180,000

Predetermined manufacturing overhead rate= 2,180,000 / 125,000

Predetermined manufacturing overhead rate= $17.44 per direct labor hour

<u>Now, we can allocate overhead to each product line:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

<u>Deluxe:</u>

Allocated MOH= 17.44*2,500

Allocated MOH= $43,600

<u>Basic:</u>

Allocated MOH= 17.44*6,000

Allocated MOH= $104,640

6 0
3 years ago
Assume Metro Corporation had a net income of $ 2,200 for the year ending December 2018. Its beginning and ending total assets we
Aleksandr-060686 [28]

Answer:

The return on assets is 8.4%

Explanation:

In order to calculate the return on assets we will first need to find the average total assets. We will do this by adding the beginning and ending total assets and dividing it by 2.

Average total assets= (31,500+20,500)/2= 26.000

Now in order to find the return on assets we will divide the net income by the average total assets.

Return on assets = 2,200/26,000=0.084=8.4%

7 0
3 years ago
Historically, coins and paper money complicated the exchange process. <br> a. True <br> b. False
Salsk061 [2.6K]
False. They made it easier.
6 0
3 years ago
Other questions:
  • What is one disadvantage to consumers of a rebate offer?
    15·2 answers
  • A manufacturing company prepays its insurance coverage for a three-year period. The premium for the three years is $2,700 and is
    10·1 answer
  • The development of kidney failure becomes more prevalent with age; therefore, the amount of _______ in the diet must be reduced.
    9·1 answer
  • Which of the following cost behaviors cannot be accurately represented by a single straight​ line? A. Fixed costs B. Step costs
    15·2 answers
  • Career Services, Incorporated sold some office equipment for $52,000 on December 31, 2021. The journal entry to record the sale
    12·1 answer
  • How does decision making help a farm business grow?​
    14·1 answer
  • eBay's customers enrich the website by reviewing products that they purchase. These reviews are used by buyers to evaluate selle
    6·1 answer
  • When a company applies the initial value method in accounting for its investment in a subsidiary, and the subsidiary reports inc
    5·1 answer
  • True or False? Given that so many countries around the world already use care management and evidence-based medicine in their he
    15·2 answers
  • The following is an example of _____ stop by our store this Saturday between 2 and 4 to get a free gift
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!