Answer:
Check the explanation
Explanation:
Kindly check the attached image below to see the step by step explanation to the question above.
Answer:
FIFO
FIFO means First in First Out. This method values cost of sales at the earliest prices
Cost of Goods Sold = (3,880 units × $8) + (5,430 units × $10)
= $85,340
LIFO
LIFO means Last in Fist Out. This method values cost of sales at the latest prices.
Cost of Goods Sold = (8,660 units × $10) + (650 units × $8)
= $91,800
Weighted Average Cost
The unit cost is re-calculated with every new purchase of units made. The cost of sale will be valued on the newly calculated average unit cost.
Unit Cost = Total Cost ÷ Total Units
= (3,880 units × $8) + (8,660 units × $10) / 12,540 units
= $9.381
Cost of Goods Sold = Units Sold × Unit Cost
= 9,310 units × $9.381
= $ 87,337.11
they are going to use the most mordern way they can deal with and thats with promos and ork mostly on website in our days
Answer:
Total disbursement 892,000
Explanation:
Nomvember cash disbursement for raw materials
Nomvember purchase 860,000 x 60% = 516,000
ocober purchase 940,000 x 40% = 376,000
Total disbursement 892,000