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katrin [286]
3 years ago
6

A method of allocating merchandise cost that assigns the most recent purchased costs to the ending inventory shown on the balanc

e sheet is called the
a. last-in, first-out method.
b. first-in, first-out method.
c. specific identification method.
d. weighted-average method.
Business
1 answer:
____ [38]3 years ago
7 0
The answer is B. First in, first out method

Or commonly known in accounting as the FIFO method, is inventory valuation method where the first goods purchased by company is also the first goods sold.

By doing that, this will make the last goods purchased ( the most recent purchased) by the company became company ending inventory.


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Answer:

The option (B) Debit Work in Process Inventory $72.000 credit Factory Wages Payable $172,000 is correct

Explanation:

Solution

Given that:

As the cost of labor was sustained as regards to processing the inventory and it was not completed, so debit the work in process of account.

There also exits a liability of paying labor charges for this it will be payable.

Hence credit factory wages payable.

For the other options they are crediting cash which is not yet paid, here the option A  and E is wrong.

For option D, they are crediting inventory which in this case is not correct due to the existence of a liability for paying labor fees.

The option D is wrong, because they debited with the cost of sold goods.

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Answer:

Animeat should access a flexible line of credit.

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With regard to the above scenario, I would suggest Animeat access a flexible line of credit like invoice finance,overdraft facilities or short term business loan etc, inorder to meet up with it's food supply when the time comes. This would give the business quick access to funds/cash hence cushion the effect of cash flow problem during the predicted time.

The most important source of finance is to find the one that suit the business need and in which interest payment will be seamless so that available cash will not be depleted.

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Which of the following is one of the actual requirements in order to obtain a management position in agriculture?
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Which filter can be used to find a specific project when in the work area?
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The filter that can be used to find a specific project when in the work area is: Project name.

<h3>Project Filter</h3>

When looking or searching for a particular project  that meet your requirement  in a work area, in order to find the project the best thing to do is to include the following filter as it will enables you to find the project you are looking for;

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Therefore the filter that can be used to find a specific project when in the work area is: Project name.

Learn more about project filter  here:brainly.com/question/23643337

#SPJ11

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