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snow_tiger [21]
2 years ago
14

Jacobs Company had inventory of 15 units at a cost of $12 each on June 1. On June 5, Jacobs purchased 10 units at $13 per unit.

On June 12, it purchased 20 units at $14 per unit. On June 17, it sold 30 units. Using FIFO, what is the value of the inventory at June 17 after the sale?
a. $140
b. $160
c. $210
d. $380
Business
2 answers:
Volgvan2 years ago
8 0
The answer is c. $210
Marta_Voda [28]2 years ago
7 0

Answer: C

Explanation:

In FIFO, determine the cost of the inventory that is the oldest and multiply that cost by the amount of inventory that was sold

Value of Inventory = 15 * 14 = $210

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A company has calculated its running sum of forecast errors to be 500 and its mean absolute deviation is exactly 35. Which of th
Stella [2.4K]

Answer:

correct option is here B. About 14.3

Explanation:

given data

running sum of forecast errors RSFE = 500

mean absolute deviation MAD = 35

solution

we get here tracking signal that is express here as

tracking signal = \frac{RSFE}{MAD}     .................................1

put here value and we will get tracking signal

tracking signal = \frac{500}{35}

tracking signal = 14.3

so correct option is here B. About 14.3

4 0
3 years ago
ason owns a small landscaping business called GreenScapes. When buying a new pickup truck for his landscaping business, Jason ne
Tomtit [17]

Answer: reciprocity

                       

Explanation: In simple words, reciprocity refers to the agreement in which two parties exchange goods or services in such a way that both of them will gain benefit from such agreement.

In business it can achieved in many ways, for example by combining the efforts and resources or by providing each other some service in exchange for service from the other side.

In the given case, Jason made a deal with dodge to provide service to him in exchange for service by him. Hence we can conclude that the given case depicts reciprocity.

4 0
3 years ago
Allison robards is the owner of backstreet books, a small eclectic-style bookstore in a bustling college town. allison prides he
Taya2010 [7]

Having recently completed a business class, you suggest to Allison that she calculate the <u>"inventory turnover"</u> ratio for her store, and then compare it to other stores in her industry.


Inventory turnover is a ratio indicating how often an organization has sold and supplanted stock amid a given period. An organization would then be able to partition the days in the period by the inventory turnover equation to ascertain the days it takes to move the stock close by. It is determined as deals separated by normal stock. Computing inventory turnover can enable organizations to settle on better choices on valuing, fabricating runs, how to use advancements to move overabundance stock, and how and when to buy new stock. Inventory turnover may likewise be found by partitioning cost of merchandise sold with normal stock.  

7 0
3 years ago
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A team that consists of members who interact by computer network to collaborate on projects is called a(n)
Viefleur [7K]
It is called solution. I guess so.
8 0
3 years ago
The following annual amounts pertain to the Wolf Company: Estimated Overhead Costs $ 101,988 Estimated Direct Labor hours 67,992
mezya [45]

Answer:

under applied by $1,000.

Explanation:

The formula is shown below:

Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours)

= $101,998 ÷ 67,992 hours

= $1.50

Now we have to find the applied overhead which equal to

= Actual direct labor-hours × predetermined overhead rate

= 70,000 hours × $1.50

= $105,000

So, the ending overhead equals to

= Actual manufacturing overhead - actual overhead

= $106,000 - $105,000

= $1,000 under-applied

8 0
3 years ago
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