1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ICE Princess25 [194]
3 years ago
7

A company had the following purchases during the current year: January: 19 units at $129 February: 29 units at $139 May: 24 unit

s at $149 September: 21 units at $159 November: 19 units at $169 On December 31, there were 54 units remaining in ending inventory. These 54 units consisted of 11 from January, 13 from February, 6 from May, 13 from September, and 11 from November. Using the specific identification method, what is the cost of the ending inventory? a. $8,046. b.$7,877. c.$6,297. d.$6,239. e.$8,215.
Business
1 answer:
ycow [4]3 years ago
4 0

Answer: A - $8,046

Explanation: Inventory valuation using the specific identification method is a method used in getting the actual stock cost at their specific purchase price at a specified time during the year.

Jan - 11 units @129 =1,419

Feb - 13 units @139 = 1,807

May - 6 units @149 = 894

Sept - 13 units @159= 2,067

Nov - 11 units @ 169= 1,859

Total = $8,046

You might be interested in
Which of the following statements is true of globalization?
sladkih [1.3K]

Answer:

C.

Explanation:

Economic globalization is a historical process, the result of human innovation and technological progress. It refers to the increasing integrations of the economies arround the world, particularly through the movement of goods, services and capital across borders.

Is foundamentally the integration of various political, economic and cultural systems. The conversion and interconnection of people, places and ideas that collectively transforms the economy and increases the productivity and growth of businesses.

8 0
3 years ago
A job ________ involves determining, through observation and study, the specific tasks that comprise a job; the knowledge, skill
umka21 [38]

Answer:

A job description involves determining

4 0
3 years ago
Which of the following statements is CORRECT? a. If an investor buys enough stocks, he or she can, through diversification, elim
Len [333]

Answer:

C. A security's beta measures its non-diversifiable, or market, risk relative to that of an average stock.

8 0
3 years ago
How can a country achieve higher levels of competition and a variety of products in an industry with only one or two domestic fi
SSSSS [86.1K]

Through promoting intra-industry trade, a country can increase levels of competition and the range of products produced in an industry with only one or two local enterprises producing a good. International trade for goods produced by the same business is known as intra-industry trade.

According to the idea of economies of scale, production costs often decrease as output scale increases. When it makes it possible for one or two large producers to supply the entire country, it becomes particularly important to international trade. A way to maintain consumer choice and competition while combining economies of scale-driven lower average manufacturing costs is through international trade.

#SPJ4

5 0
1 year ago
For each of the following scenarios identify the correct term.
jonny [76]

Solution :

a). Opportunity cost

  In the field of economics, Opportunity cost may be defined as the loss of a potential gain when some other alternatives are chosen from a given set of opportunities.

b). efficiency

c). Our professor presents us the incentives for major in economics.

d). I can complete the project via specialization more efficiently rather than doing it all each part of the project together.

8 0
3 years ago
Other questions:
  • If the government imposes a price ceiling, then: the price offered by producers must be at or below the ceiling price. the marke
    9·1 answer
  • Imagine that you are an entrepreneur, making designer t-shirts in your garage. Your total cost (in dollars) is given by the equa
    14·1 answer
  • Which of the following groups has the responsibility for identifying and deciding the appropriate accounting treatment for recor
    9·1 answer
  • All citizens in America have _______ to form a group and push for what they want in the law. Additionally, the architects of our
    9·2 answers
  • Valley Farms offers to sell Whole Harvest Bakeries, Inc., five hundred bushels of wheat. Whole Harvest responds, "We agree to bu
    8·1 answer
  • Which statement is correct? In the short run, the pure monopolist will maximize total profits by producing at that level of outp
    8·1 answer
  • A firm is reviewing a project with labor cost of $9.00 per unit, raw materials cost of $25.25 a unit, and fixed costs of $13,000
    14·1 answer
  • How can you determine an independent contractor?
    10·2 answers
  • 19. Which part of the lease gives the landlord the right to remove the tenants
    14·1 answer
  • If country x is expected to grow by 19 percent between the years 2017 and 2018, what is the expected gdp per capita for the year
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!