Answer:
$84,000
Explanation:
Open a Raw Materials T - Account and find the Ending inventory of Direct Materials as a Balancing Figure as follows :
Raw Materials T - Account
Debit :
Beginning Inventory $26,000
Purchases $148,000
Total $174,000
Credit:
Requisitioned in Manufacturing $90,000
Ending Inventory<em>(Balancing figure) </em>$84,000
Total $174,000
Therefore, the cost of the ending inventory of Direct Materials is $84,000
Answer: 5 cups of tea
Explanation:
Opportunity cost is what an individual, firm or government forgoes in order to get something else. For example, an individual might have $2. A pen costs $2 likewise a notebook. If the person decides to buy the pen, the opportunity cost is the notebook which he or she did not buy.
With the money Sarah has, spending her entire budget will give her 40 cups of tea or 8 snacks. This implies that for 1 snack, the opportunity cost is (40/8) = 5 cups of tea
Answer:
$94
Explanation:
The computation of the cost of the ending inventory using the FIFO method is shown below:
But before that first we have to determine the ending inventory units which is
= 7 units from A to G + 5 units from H to L + 6 units from M to R
= 18 units
And, 6 units are sold
So, the ending inventory units is 12 units
Now the ending inventory is
From last to beginning
= 6 units × $8.50 + 5 units × $7.50 + 1 units × $5.50
= $51 + $37.5 + 5.50
= $94
This is the answer but the same is not provided in the given options
