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larisa86 [58]
3 years ago
10

Assuming that a periodic inventory system is used, what is the amount allocated to ending inventory on a LIFO basis

Business
1 answer:
Pani-rosa [81]3 years ago
5 0

The amount allocated to ending inventory is $3664.

LIFO is an inventory method that means last in, first out. It means that it is assumed that the latest inventory that is sold, is the first to be sold. Ending inventory is made up of inventory that is purchased eelier.

  • Total inventory sold = 40 + 26 = 68 units
  • Sum of total inventory bought and beginning inventory = 10 + 60 + 30 = 100
  • Ending inventory = 100 - 68 = 32
  • Value of ending inventory = (22 x $112) + (10 x $120)

$2464 + $1200 = $3664

Please find attached the image used in answering this question. A similar question was answered here: ttps://brainly.com/question/13763849

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Answer: $‭238,800‬

Explanation:

Adjusted Cost of Goods for November = Beginning Finished good inventory + Cost of goods manufactured  - Ending Finished goods inventory - Overapplied Overheads

Overapplied Overhead = Overhead applied - Actual Overhead

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= $3,600

Adjusted Cost of Goods for November = 58,000 + 215,000 - 30,600 - 3,600

= $‭238,800‬

8 0
3 years ago
V. Wheat is the main input in the production of flour. If the price of wheat decreases, then we would expect:
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Answer:

3. Supply of flour to increase.

Explanation:

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If the price of wheat <em>decreases</em>, <u>suppliers will be interested in buying more of it in order to produce more quantities of flour at a </u><em><u>lower cost </u></em>because it will more likely lead to a<em><u> higher profit</u></em>. This will, therefore, increase the supply of flour in the market.

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3 years ago
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A difference in the subject matters of operas X and Y

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3 years ago
Emily wants to search online for entrepreneurship opportunities in the field of business development. However, she wants to skip
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C.

“entrepreneurship + business + development - branding”

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Researchers usually put a hyphen before a word as a technique to exclude it from online search results. This method allows for narrowing down results to the desired pages only.  When searching for keywords that are frequently used together,  putting a hyphen helps exclude unwanted results.

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Lyrx [107]

Answer:

The correct answer is "Ryan should increase the budget cap of the campaign"

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The current campaign "active shoes" reached the budget cap.

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