Answer:
$7200
Explanation:
LIFO means last in, first out. It means the last purchased inventory are the first to be sold.
The cost of goods sold = 360 x $20 = $7200
I hope my answer helps you
<u>The answer is (e) none of the above</u>
Explanation:
<u>The formula for calculating the total equivalent units for conversion costs =</u>
<u>A+B*C</u>
A = units transferred out to the next department/finished goods
B = units in closing work in process
C = percentage of completion with respect to the relevant cost component
Given that
A=100
B=140
C=10/100
<u>Total equivalent units for a cost component </u>=100+140*10/100
=>100+140*1/10
=>100+14=114
<u>So ,the answer of the above question is (e) None of these</u>
For much of the twentieth century, east Asia was dominated economically and politically by Japan.
<h3>How to illustrate the information?</h3>
It should be noted that East Asia was developed based on the successful market economy and private investment.
In the 20the century, there were domestic instability as well as revolution.
Therefore, For much of the twentieth century, east asia was dominated economically and politically by Japan. This is quite different nowadays as China is a leading power.
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Answer:
The sales volume at which revenues equal total cost plus an operating profit of zero
Explanation:
Break even point <em>cover </em>first the variable costs and <em>then</em> the fixed overhead. Thus it is the point at which revenues equal total cost plus an operating profit of zero.
Answer:
A and C
Explanation:
Construction of custom homes and
Manufacturing of heavy-duty machinery would most likely make use of job order costing.
Job Order Costing is useful for allocating costs based on a specific job order. It is a system that assigns and accumulates what it costs to manufacture an individual unit of output.
manufacturing businesses that use this system are clothing factories, food companies, air craft manufacturing companies.
service businesses that use the system include movie producers, accounting firms, law firms, hospitals etc.