Business, 06.10.2019 04:01 potternatalie90

The units of an item available for sale during the year were as follows: jan. 1 inventory 50 units @ $114 mar. 10 purchase 60 units @ $124 aug. 30 purchase 20 units @ $130 dec. 12 purchase 70 units @ $136 there are 80 units of the item in the physical inventory at december 31. the periodic inventory system is used. determine the inventory cost and the cost of merchandise sold by three methods. round interim calculations to one decimal and final answers to the nearest whole dollar. cost of merchandise inventory and cost of merchandise sold inventory method merchandise inventory merchandise sold first-in, first-out (fifo) $ $ last-in, first-out (lifo) weighted average cost

Answers: 1

Show answers

Other questions on the subject: Business

Business, 21.06.2019 23:30, nicollexo21

San ruiz interiors provides design services to residential and commercial clients. the residential services produce a contribution margin of $450,000 and have traceable fixed operating costs of $480,000. management is studying whether to drop the residential operation. if closed, the fixed operating costs will fall by $370,000 and san ruiz’ income will

Answers: 3

continue

Business, 22.06.2019 19:30, hmae2304

Alaska king crab fishing in the 1960s and '70s was a dangerous but rich fishery. boats from as far away as california and japan braved the treacherous gulf of alaska crossing to reach the abundant king crab beds in cook inlet and bristol bay. suddenly, in the early 1980s, the fishery crashed due to over fishing. all crabbing in those areas ended. to this day, there is no crabbing in bristol bay or cook inlet. a. how would an economist explain the decline of the alaska king crab fishery

Answers: 3

continue

Business, 22.06.2019 20:20, dd123984

Levine inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. direct materials (9 pounds at $1.80 per pound) $16.20 direct labor (6 hours at $14.00 per hour) $84.00 during the month of april, the company manufactures 270 units and incurs the following actual costs. direct materials purchased and used (2,500 pounds) $5,000 direct labor (1,660 hours) $22,908 compute the total, price, and quantity variances for materials and labor.

Answers: 2

continue

Business, 22.06.2019 23:40, step35

When randy, a general manager of a national retailer, moved to a different store in his company that was having difficulty, he knew that sales were low and after talking to his employees, he found morale was also low. at first randy thought attitudes were poor due to low sales, but after working closely with employees, he realized that the poor attitudes were actually the cause of poor sales. randy was able to discover the cause of the problem by utilizing skills.

Answers: 2

continue

You know the right answer?

The units of an item available for sale during the year were as follows: jan. 1 inventory 50 units...