subject
Business, 16.04.2020 21:58 ana9340

Bonita Inc. uses LIFO inventory costing. At January 1, 2020, inventory was $214,532 at both cost and market value. At December 31, 2020, the inventory was $289,964 at cost and $262,440 at market value. Prepare the necessary December 31 entry under (a) the cost-of-goods-sold method (b) Loss method.

ansver
Answers: 2

Other questions on the subject: Business

image
Business, 21.06.2019 22:30, djjohnson3120
Jade international is a highly diversified global firm with headquarters in new jersey. it manufactures a variety of products ranging from home security systems to automotive components. jade's 100,000 employees work at facilities located in more than 60 countries around the world. jade frequently sends american managers overseas to manage the firm's foreign facilities. the hr department is considering the idea of redesigning jade's expatriate support services program. which of the following, if true, best supports jade's decision to provide assistance to trailing spouses in finding jobs overseas? a) jade puts great emphasis on promoting the role of women in global management. b) the majority of jade's expatriate managers have long-term international experience. c) jade has lost a significant chunk of its global cadre in the recent past owing to its failure to offer feasible options to address the dual-career couples dilemma. d) female managers at jade have reported discriminatory treatment while on overseas assignments.
Answers: 1
image
Business, 22.06.2019 06:30, mjasmine3280
The larger the investment you make, the easier it will be to: get money from other sources. guarantee cash flow. buy insurance. streamline your products.
Answers: 3
image
Business, 22.06.2019 09:30, cwebb4383
Darlene has a balance of 3980 on a credit card with an apr of 22.8% paying off her balance and which of these lengths of time will result in her paying the least amount of interest?
Answers: 2
image
Business, 22.06.2019 14:50, keishadawson
The following information is needed to reconcile the cash balance for gourmet catering services. * a deposit of $5,600 is in transit. * outstanding checks total $1,000. * the book balance is $6,400 at february 28, 2019. * the bookkeeper recorded a $1,800 check as $17,200 in payment of the current month's rent. * the bank balance at february 28, 2019 was $17,410. * a deposit of $400 was credited by the bank for $4,000. * a customer's check for $3,300 was returned for nonsufficient funds. * the bank service charge is $90. what was the adjusted book balance?
Answers: 1
You know the right answer?
Bonita Inc. uses LIFO inventory costing. At January 1, 2020, inventory was $214,532 at both cost and...

Questions in other subjects:

Konu
Social Studies, 16.10.2021 22:50