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MAXImum [283]
3 years ago
15

Sunland Company uses a periodic inventory system. For April, when the company sold 550 units, the following information is avail

able. Units Unit Cost Total Cost April 1 inventory 340 $23 $7,820 April 15 purchase 390 28 10,920 April 23 purchase 270 30 8,100 1,000 $26,840 Compute the April 30 inventory and the April cost of goods sold using the LIFO method. Ending inventory $enter a dollar amount Cost of goods sold $
Business
1 answer:
Lady_Fox [76]3 years ago
8 0

Answer:

Ending inventory cost= $10,900

COGS= $15,940

Explanation:

<u>To calculate the  ending inventory using LIFO (last-in, first-out) method, we need to use the cost of the lasts units incorporated into inventory:</u>

Ending inventory in units= 1,000 - 550= 450

Ending inventory cost= 340*23 + 110*28= $10,900

<u>Now, the cost of goods sold:</u>

COGS= 270*30 + 280*28= $15,940

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"A process of closer integration and exchange between different countries and peoples worldwide, made possible by falling trade
liraira [26]

Answer:

Globalization

Explanation:

Globalization is the seamless exchange of goods, technology, idea, culture, e.t.c across national boundary which is highly facilitated by collapsing or eliminating artificial barriers which hitherto made trade and communication difficult of almost impossible.

Globalization provides a platform for international integration and global connectivity among individuals, firms  and government across international boundary.

8 0
3 years ago
A symmetric, bell-shaped frequency distribution that is completely defined by its mean and standard deviation is the _____ distr
crimeas [40]

A symmetric, bell-shaped frequency distribution that is completely defined by its mean and standard deviation is the<u> normal distribution.</u>

A symmetrical distribution about the mean, such as the normal or Gaussian distribution, indicates that data points closer to the mean occur more frequently than data points further from the mean.

The normal distribution is represented graphically by a bell curve. A bell curve of probabilities is more properly known as the normal distribution. The standard deviation is one and the mean is zero in a normal distribution. Its kurtosis is 3, and its skewness is 0. Not all symmetrical distributions are normal, but all normal distributions are symmetrical. The normal distribution can be thought of as a rough approximation of many naturally occurring events. However, most price distributions in finance are not normally distributed.

<u></u>

To know more about normal distribution refer to:

brainly.com/question/14725173

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6 0
1 year ago
A house is appraised for $25,000, and shows an assessed value of $20,000. The taxes on the house are $300 annually. What would t
pashok25 [27]

Answer:

$600

Explanation:

In this situation, first we have to know that tax levy on assessed value.

<u>Computation of tax rate:</u>

Appraised Value = $25,000

Assessed value = $20,000

Tax = $300

Tax rate = ($300 / $20,000) x 100 = 1.5%

Assume Appraised Value = $45,000

Assume Assessed value = $40,000

Calculation of tax value = Assessed value x tax rate

= $40,000 x 1.5%

= $600

5 0
3 years ago
The M-N plant manufactures two different products: M and N. Selling prices and weekly market demands are shown in the following
tamaranim1 [39]

The answers to the question are:

  • The machine that is the constraint is the machine c.
  • The product m = 80 units and n = 80 units
  • Net profit = $3600

<h3>1. How to solve for the constraint of the machine</h3>

We have to solve for the workload of the machines

For A. 20*100 = 2000

For B, 5 * 100 + 10 *80

= 500 + 800 = 1300

For Machine C = 15 * 100 + 15 * 80

= 1500 + 1200

= 2700

The time at the workstation in c is more than the constant time of 2400, hence the constraint that we have is machine c.

b. 2400- 1200 = 1200

The product mix would be 1200/15

= 80

Hence the product mix m = 80 units and that of n = 80 units

<h3>c. The total net profit</h3>

80*$90 = 7200 , 80 * 105 = 8400

7200 + 8400

= 15600

The net profit = 15600 - 12000

= $3600

Read more on net profit here:

brainly.com/question/15530787

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7 0
1 year ago
It’s time for the Bizlaw County auction! For each of the auction items listed below, you will (1) determine which type of proper
Andrei [34K]

Answer:

I have formulated the answer in the table and the table is attached in the attachment please refer to the attachment 1.

Explanation:

<em>Please refer to the attachment 1. And here is the explanation</em>

Inherited property is the property which is transferred to ones beloved after she/he passes away or makes a will, so statement A, E and F are inherited properties.

Purchased property are the ones that one acquires after paying certain price of the good, so B is purchased property.

Abandoned property is the goods or intangible thing left somewhere and the owner is not known, so statement C and D are abandoned properties.

<em></em>

6 0
3 years ago
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