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
Oksana_A [137]
3 years ago
12

in times of rising prices, cost of goods sold determined using the lifo inventory assumption typically will be than cost of good

s sold determined using the fifo inventory assumption.
Business
1 answer:
LenKa [72]3 years ago
3 0

When prices are rising, the Cost of Goods Sold according to LIFO will be <u>higher </u>than cost of goods sold under FIFO.

Last-In, First-Out (LIFO) refers to a company selling off the latest inventory that it receives first before the inventory it received earlier.

When prices are rising, LIFO will result in a higher COGS because:

  • Purchases will be high
  • Closing stock will be low on account of only the earlier cheaper inventory being left

In conclusion, LIFO results in cost of goods sold being higher because the closing stock which is deducted from COGS will be lower.

<em>Find out more at brainly.com/question/16379786. </em>

You might be interested in
Why should you prepare some questions to ask during the interview?
Monica [59]

Answer:

A good interview question does two things: It lets the interviewer know you put some thought into your questions. It increases your knowledge allowing you to assess further if this position and company are the right fit for you.

ex: What are the next steps in the interview process?

7 0
3 years ago
Due to erratic sales of its sole product-a high-capacity battery for laptop computers-PEM, Inc., has been experiencing financial
Nadusha1986 [10]

Answer:

the revised net operating income is   $ 26,400

Explanation:

Effect the Changes on the Units, Selling Price and Fixed Cost as described on the Original Income Statement.

                          Revised Income Statement

Sales( (12,900 units x 2)× ($20 per unit×0.90))      $ 464,400

Variable expenses ( $10× (12,900 units x 2))         ($ 258,000)

Contribution margin                                                  $206,400

Fixed expenses (144,000  + $36,000 )                    ($180,000)

Net operating loss                                                     $ 26,400

5 0
3 years ago
Which of the following are examples of a primary market transaction? a. A company issues new common stock. b. An investor asks h
ella [17]

Answer:

d. Statements a and c are correct

Explanation:

The primary market is the market where for the first time the new securities such as shares, stocks, bonds, etc. are being sold to the general public or we can refer initial public offer. The initial public offer is an example of the primary market

On the other side, the secondary market is that market where the shares are bought or sold through the investors after the sale to the public at large.

7 0
3 years ago
The production engineers have prepared a report detailing the types and amounts of inventory required for production. This docum
IceJOKER [234]

Answer:

C. Bill of Materials

Explanation:

The engineers make the list and then it is checked against the raw materials record to know how much existences are for each of the raw materials requested.

This is done to create some control, as the person that make the bill aren't the person who check the inventory therefore, they cannot overstate or understate the materials as they will be checked for the amount used.

5 0
3 years ago
If you had invested $100 in 1972 in the 500 stocks of the s&amp;p500 index, how much would you have had in 2018?.
ANEK [815]

If you had invested $100 in 1972 in the 500 stocks of the s&p500 index $1,612

<h3>What is stocks ?</h3>

A stock is a type of investment that represents ownership in a portion of the issuing company and is commonly referred to as equity. Owners of shares, often referred to as units of stock, are entitled to a portion of the company's assets and earnings in proportion to the number of shares they own.

The majority of private investors base their portfolios on equities, which are often bought and sold on stock exchanges. Stock trades must adhere to government regulations intended to protect investors from deceptive practices.

A sort of instrument known as a stock, which is commonly exchanged on stock exchanges, represents the holder's ownership interest in the issuing company.

Corporations issue stock as a means of raising capital to fund their operations.

Common are the two main stock classifications.

The two primary stock categories are common and preferred.

To learn more about stocks  from the given link:

brainly.com/question/25818989

#SPJ4

4 0
1 year ago
Other questions:
  • You have been working as an assistant manager in Mimi and Jasmine's (M&amp;J) warehouse. M&amp;J is an innovative cosmetics comp
    6·1 answer
  • Ellen and george work for the same company. ellen, a gen xer, really appreciates the flextime opportunities, while george, a bab
    13·1 answer
  • In accounting What is revenue
    13·2 answers
  • Shangrilah Sandals is a manufacturing firm in a developing country, where it routinely uses grease payments to local officials t
    15·1 answer
  • Activity Budgeted Activity Cost
    12·1 answer
  • A United States-based faculty member goes on sabbatical and works in Finland for a government-run university teaching classes fo
    9·1 answer
  • If the firm sells its product at the market price of $10 per unit, how many workers should the firm employ to maximize profit if
    5·1 answer
  • Kelsey Construction has purchased a crane that comes with a 5-year warranty. Repair costs are expected to average $5000 per year
    10·1 answer
  • Home Bepot Inc. has a cost of equity of 11.3 percent. The company has an aftertax cost of debt of 4.9 percent, and the tax rate
    6·1 answer
  • After an economy begins to recover, suppose that the Fed quickly raises interest rates back to the level seen before the recessi
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!