Answer:
The dollar amount for ending inventory using the last-in-first-out method of inventory valuation is $50
Explanation:
Using LIFO,last-in-first-out method of inventory valuation,items received last into the store are deemed to be sold first, hence the sales of 10 units on March 1 was the inventory purchased on February 28, leaving the items of inventory purchased on January 3 as closing inventory
value of closing inventory using LIFO=10*$5=$50
Sole proprietorship has a single owner while partnerships has two or more owners.
Answer:
I'm sorry, but the way you worded this is impossible to understand. SO therefore, I cannot answer your question.
Explanation:
Answer:
A) cost
Explanation:
In economics, the cost of production is defined as the expenditures incurred to obtain the factors of production.
Diego is correct because the loan has to be paid in full by a specific date.
