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3 years ago

Beginning inventory, purchases and sales data for T-shirts are as follows:

Business

1 answer:

Karolina [17]3 years ago

5 0

Based on the First In; First Out method of inventory management, the ending inventory is $180.

FIFO means that the earlier stock is sold off first. This means that the sale on April 14 was based on the beginning inventory first and then the Purchase on the 11.

Stock on April 14:

= Beginning stock + Purchases - Sale

= 24 + 26 - 36

= 14 units at $12 each

Stock at 25th:

= Remaining April 11 purchases + April 21 Purchases - Sales

= 14 + 18 - 20

= 12 units at $15

Ending inventory:

= 7 x 12

= $180

In conclusion, closing inventory is $180.

Find out more at brainly.com/question/18761943.

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In the 1970s, steve reich spent a month playing with and listening to drummers in

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In Ghana. In the late spring 1970 Steve Reich went to Ghana to think about drumming. With a travel concede from the Special Projects division of the Institute of International Education, he advanced toward Accra keeping in mind the end goal to think about with Gideon Alorworye, the inhabitant ace drummer of the Ghana Dance Ensemble.

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4 years ago

The ________ of the product mix refers to how closely related the various product lines are in end use, production requirements,

MrRissso [65]

Answer:

The correct answer is letter "A": consistency.

Explanation:

Consistency implies the relationship among products within a product mix. As long as there is less variation more consistent will be the product mix. The consistency relates products with each other in terms of end-use, production requirements, and distribution channels mainly.

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4 years ago

Walmart's customers have come to expect to find P&G products in stores, and P&G depends on Walmart to purchase a good po

Tatiana [17]

Answer:

vertical marketing system

Explanation:

Based on the scenario being described within the question it can be said that this scenario represents the first phase of a vertical marketing system. This is a cooperative system of business, in which members work together in order to correctly promote efficient manufacturing and product delivery to the customers, to meet customer needs.

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4 years ago

Sutton Corporation, which has a zero tax rate due to tax loss carry-forwards, is considering a five-year, $6,000,000 bank loan t

MArishka [77]

Answer:

Ans. The loan payment is $1,582,784.88, therefore is smaller than the lease by $207,215.12

Explanation:

Hi, first we have to find out the amount to pay for the loan every year in order to verify if the loan is cheaper or more expensive than the lease, we have to use the following formula and slove it for "A".

$PresentValue=\frac{A((1+r)^{n}-1) }{r(1+r)^{n} }$

Now, we solve for A

$6,000,000=\frac{A((1+0.10)^{5}-1) }{0.10(1+0.10)^{5} }$

$6,000,000=\frac{0,61051}{0,161051} A$

$6,000,000=A(3,790786769)$

$A=1,582,785.88$

Now we can see that the lease is more expensive than the loan, this is how to find out for how much.

$1,790,000- 1.582.784,88 = 207.215,12$

Best of luck.

4 0

4 years ago

The Phantom Corporation started 6,700 units during February. Phantom started the month with 890 units in process (40% complete)

bagirrra123 [75]

Answer:

7,000 units

Explanation:

The units which were transferred to the Finished goods inventory during the month of February is computed as:

Units transferred to Finished goods inventory = Started units during February + Started the month with units in process - Ended the month with units in process

where

Started units during February is 6,700

Started the month with units in process is 890

Ended the month with units in process is 590

Putting the values above:

Units transferred to Finished goods inventory = 6,700 + 890 - 590

Units transferred to Finished goods inventory = 7,590 - 590

Units transferred to Finished goods inventory = 7,000

4 0

4 years ago