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lozanna [386]
3 years ago
7

Sheffield Corp. uses the periodic inventory system. For the current month, the beginning inventory consisted of 488 units that c

ost $65 each. During the month, the company made two purchases: 722 units at $68 each and 365 units at $70 each. Sheffield Corp. also sold 1206 units during the month. Using the FIFO method, what is the amount of cost of goods sold for the month
Business
1 answer:
swat323 years ago
4 0

Answer:

$80,544

Explanation:

We will calculate the amount of cost of goods sold using FIFO as;

= (Beginning inventory unit × Cost of each inventory) + [(Units sold during the month - Beginning inventory units) × Unit cost of the first purchases made by the company]

= (488 × $65) + [(1,206 units - 488 units) × $68]

= $31,720 + $48,824

= $80,544

Therefore, the cost of goods sold using FIFO is $80,544

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Answer:

The correct answer is D. Credibility.

Explanation:

Thomas violated the credibility of his studies, because he omitted the error which caused a false expected result.

Credibility is that characteristic of certain things that make them credible, we talk about situations, verses or estimates of a certain presence. When we say that we observe the credibility of something we are making a measurement of what is credible and not facing a series of examples in order to make a comparison in this regard.

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3 years ago
A.R.C. is a large non-profit humanitarian aid organization that has been forced to pull out of several African markets in recent
irga5000 [103]

Answer:d

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8 0
3 years ago
The interest rate a company pays on 1-year, 5-year, and 10-year loans is a function of:.
Firlakuza [10]

A company will pay interest based on its credit rating and the length of time over repayment is scheduled to occur (1-year, 5- years, or 10 years).

<h3>How is interest decided?</h3>
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  • Credit risk of a company is shown in its credit rating.
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The interest paid will therefore be dependent on the credit rating of the company and the term of the loan that it took out as these show different types of risk.

In conclusion, option A is correct.

Find out more on maturity risk at brainly.com/question/24780094.

3 0
2 years ago
Vivian goes to an auction and sees a rare antique lamp that is an identical match to one she already has. At the proper time she
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Answer:

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Put differently, the auction house is not obliged to deliver to the top purchaser in a with reserved sale. Essentially, the next bigger raise reflects the minimum price.

6 0
3 years ago
The percentage of sales approach separates accounts on the pro forma income statement and balance sheet into those that change d
lukranit [14]

Answer:

Sales

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The seller who finished or concluded the sales in relation to the acquisition or appropriation or in a direct interaction at the time of sale with the buyer.

Therefore, the percentage of the sales method, separates the accounts on the balance sheet and pro forma income statement into those which change directly with sales.

5 0
3 years ago
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