Answer and Explanation:
Inventory is an asset and is posted on the asset side of the balance sheet. As per accounting standards regarding inventory valuation, it can be either valued at historical cost or at market price, whichever is lower.
Historical cost is the cost at which asset was acquired. Market price is the price which would be received if the asset is replaced as on the date on which balance sheet is prepared. Inventory is valued at lower of the above mentioned costs.
Answer:
$35,860
Explanation:
The computation of the ending inventory using the retail inventory method is shown below
Particulars Cost Retail
Opening Inventory(A) $63,800 $128,400
Purchases(B) $115,060 $196,800
Goods available
C=(A-B) $178,860 $325,200
Cost ratio
($178,860 ÷ $325,200 × 100) 55%
Sales at retail (D) $260,000
End, Inventory at Retail $65,200
($325,200 - $260,000)
End, Inventory at Cost $35,860
($65,200 × 55%)
The answer you are looking for is a planned economy
Answer:I do not think there is a subject less important than another.
Explanation: I say this because its true, and that you need to know math to have a job. You ned to know how to read so you can know what to type. And you need to know science because its amazballs!!
Answer:
1. Both shirts and handbags
2. Paul
3. Francisco
4. Specialized by producing shirts only
Explanation: I just took it hope this helps, you!
