Answer:
$113,700
Explanation:
Last in first out (LIFO) is an inventory management method, in which the cost of the most recent product bought are the first to be charged to expenses.
With regards to the above question, we'll have;
Inventory sold = (12,000 × $13.5) + (900 × $13) = $173,700
Ending inventory = [7,200 × $12] + [(3,000 - 900) × $13]
Ending inventory = $86,400 + $27,300
Ending inventory = $113,700
Therefore, the ending inventory using LIFO is $113,700
The answer is D. Cash and carry wholesalers
This type of business usually doesn't need to make any sales call because customers usually come, pay, and carry the product by themselves
Example of cash and carry wholesalers : Walmart , Carefour, Lotte,
Answer:
December 31
Dr Pension expense $182,100
Cr Unfunded pension Liabiltiy $182,100
January 15
Dr Unfunded pension Liabiltiy $182,100
Cr Cash $182,100
Explanation:
Preparation of the entry to record the accrued pension liability payment to the funding agent on January 15
December 31
Dr Pension expense $182,100
Cr Unfunded pension Liabiltiy $182,100
(Being to record quarterly pension Liabiltiy)
January 15
Dr Unfunded pension Liabiltiy $182,100
Cr Cash $182,100
( Being to record the accrued pension liability payment to the funding agent)
Answer:
$14,000 under applied
Explanation:
Given that
Material production = $203,000
Application rate = 150%
The computation of amount of overhead is shown below:-
Overhead = Material production × Application rate
= $203,000 - ($126,000 × 1.5)
= $203,000 - $189,000
= $14,000 under applied
Therefore, for computing the overhead we simply multiply the material production with application rate percentage.
This is often referred to as the clinical approach. The clinical approach is also known as the threshold approach to clinical decision making. This approach combines rational and quantitative information with a general approach to decision making. In this situation, say you were hiring a new employee, a person using the clinical approach would look at their resume in how they match up with numbers and on paper to the candidate their looking for but also who they are as a person in a general sense.
