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Sedaia [141]
3 years ago
14

Whispering Winds Corp. just began business and made the following four inventory purchases in June: June 1 147 units $882 June 1

0 196 units 1372 June 15 196 units 1568 June 28 147 units 1323 $5145 A physical count of merchandise inventory on June 30 reveals that there are 196 units on hand. Using the LIFO inventory method, the value of the ending inventory on June 30 is
Business
1 answer:
MariettaO [177]3 years ago
5 0

Answer:

the ending inventory using the LIFO method is $1,225

Explanation:

The computation of the value of the inventory using the LIFO method is shown below;

Since there are 196 closing units

So,

= 146 units × $6 + 49 units × $7

= $882 +  $343

= $1,225

The $6 come from

= $882 ÷ 147 units

And, $7 comes from

= $1,372 ÷ 196 units

Hence, the ending inventory using the LIFO method is $1,225

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On December 1, Orenthal Marketing Company received $3,600 from a customer for a 2-month marketing plan to be completed January 3
Ilya [14]

Answer:

a.a debit to Unearned Fees for $1,800

Explanation:

The adjusting entry is shown below:

Unearned fees A/c Dr $1,800

     To Earned fees A/c $1,800

(Being the unearned fees is recorded)

The computation is shown below:

= Received amount × number of months  ÷ given months

= $3,600 × 1 months ÷ 2 months

= $1,800

We simply debited the unearned fees and credited the earned fees account for $1,800

4 0
3 years ago
A code of conduct should be worded in terms of forbidden action rather than acceptable behavior.
Katena32 [7]

<u>Answer:</u>

The statement that says a code of conduct should be worded in terms of forbidden action rather than acceptable behaviour is false.

<u>Explanation:</u>

The judicial acts and laws that prohibit unlawful actions and the code of conduct that provides information about the ideal and acceptable behaviour that are distinct from each other in terms of wording that is used to draft them. A judicial act mentions what is not to be done and a code of conduct mentions what is to be done.

7 0
3 years ago
A level of ability or how good a person is at something is called
Tasya [4]
Hello there, and good morning to you! :D

A level of ability or how good a person is at something is called:

skill. 

Skill measures how good you are at something, or how long you've been doing it, etc. The more skill you have, the better you are about something!

I hope this helps!
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5 0
3 years ago
There is a 3 percent error rate at a specific point in a production process. If an inspector is placed at this point, all the er
xenn [34]

Answer:

Yes the inspector should be hired

Explanation:

Defective average = 0.03

inspection rate = 30 per hour

Cost of inspector = 8 per hour

Correction cost is $10 each

No inspection = 9/30

= 0.300

Inspector = 8/30

= 2.67

Yes the inspector should be hired

5 0
3 years ago
The loan period does not affect the total cost of the loan
Ne4ueva [31]
True true true true true true true
6 0
4 years ago
Read 2 more answers
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