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3 years ago

The inventory costing method that reports the earliest costs in ending inventory is:_______

Business

1 answer:

nikdorinn [45]3 years ago

4 0

Answer:

a. LIFO.

Explanation:

The LIFO method refers to an inventory method that means the item which is last purchased should be sold first during the period of time. So in this inventory method the earliest cost in the closing inventory should be recorded

Therefore the given situation, the correct option is a.

And, the other options are wrong

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Use the cost information below for Sundar Company to determine the total manufacturing costs added during the current year:

astra-53 [7]

Answer:

cost of goods manufactured= $98,000

Explanation:

Giving the following information:

Direct materials used $19,000

Direct labor used 24,500

Factory overhead 55,100

Beginning work in process inventory 10,700

Ending work in process inventory 11,300

To calculate the cost of goods manufactured, we need to use the following formula:

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 10,700 + 19,000 + 24,500 + 55,100 -11,300

cost of goods manufactured= $98,000

7 0

3 years ago

The controller of Hall Industries has collected the following monthly expense data for use in analyzing the cost behavior of mai

Deffense [45]

Answer:

Variable cost per unit= $2.27 per machine hour

Explanation:

Giving the following information:

January 3,041 $4,032

February 3,456 $4,608

March 4,147 $6,912

April 5,184 $9,101

May 3,686 $5,760

June 5,322 $9,216

To calculate the unitary variable cost, we need to use the following formula:

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (9,216 - 4,032) / (5,322 - 3,041)

Variable cost per unit= $2.27 per machine hour

3 0

3 years ago

If the U.S. dollar appreciates, an MNC's: a. exports denominated in foreign currencies will probably increase. b. U.S. sales wil

Hoochie [10]

Most likely when the U.S. dollar appreciates, the MNC's interest owed on foreign funds borrowed will probably increase.

MNC refers to Multinational corporation .

The Multinational corporation are known to borrow from foreign bodies in dollars.

Hence, when the dollar appreciates, the amount owed to the foreign bodies will increase consequently.

Therefore, the Option C is correct because the MNC's interest owed on foreign funds borrowed will probably increase when U.S. Dollars appreciates.

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3 years ago

If bonds with a face value of $208,000 are issued at 97, the amount of cash proceeds is ____

madam [21]

Answer:

C) $201,760

Explanation:

To compute the amount of cash proceeds, we have to multiply the bonds face value with the issued price percentage.

Since only issue price is given, so we assume it is in percentage form because the number of shares is not given in the question. So, we assume this.

In mathematically,

Cash proceeds = Face value × 0.97

= $208,000 × 0.97

= $201,760

4 0

4 years ago

CAN SOMEBODY PLEASE ANSWER ASAP WITH 100% CORRECT ANSWER

natima [27]

Answer:

Explanation:

4 0

4 years ago