Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 04, 2024

a firm has a beginning inventory of 600,000 units at a cost of 10 each. production during the period was 1000 units at 12 each.

a firm has a beginning inventory of 600,000 units at a cost of 10 each. production during the period was 1000 units at 12 each. if sales were 1200 units, what is the value of the ending inventory using FIFO?

4800 4000 3200 2400

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Theoretical Foundations For Quantitative Finance

Authors: Luca Spadafora, Gennady P Berman

1st Edition

9813202475, 978-9813202474

More Books

Students also viewed these Finance questions

Question

★★★★★

When ordering a new box of harmonicas, let X denote the time (in hours) until the box arrives, and let Y denote the number of harmonicas that work properly.

Answered: 1 week ago

Question

★★★★★

A freelance project manager is brought in by Company X to lead a large, expensive project. This project manager has excellent leadership skills and a strong technical understanding of the project. In...

Answered: 1 week ago

Question

★★★★★

Explain how counterfactual thinking affects our experience of emotion.

Answered: 1 week ago

Question

★★★★★

The following balance sheets have been prepared as at December 31, Year 6, for Kay Corp. and Adams Ventures: Additional Information: Kay acquired its 40% interest in Adams for $374,000 in Year 2,...

Answered: 1 week ago

Question

★★★★★

Preparing an Overhead Budget Patrick Inc. makes industrial solvents. Budgeted direct labor hours for the first 3 months of the coming year are: January 13,140 February 12,300 March 15,075 The...

Answered: 1 week ago

Question

★★★★★

"How can linear programming be applied to optimize the allocation of resources in a manufacturing facility with multiple products and constraints, and what are the key variables and constraints that...

Answered: 1 week ago

Question

★★★★★

An athlete runs a marathon, after which his muscles feel fatigued and unable to contract. The athlete asks the nurse why this happened. The nurse's response is based on the knowledge that the problem...

Answered: 1 week ago

Question

★★★★★

The Self - Appraisal Problem Leroy Washington, human resource director at Engel Products was faced with a problem that he had not experienced before and was uncertain how to proceed. The problem was...

Answered: 1 week ago

Question

★★★★★

3 7. JL. Industries Corp. is experiencing rapid growth. Dividends are expected to grow at 30 percent per year during the next three years, 18 percent over the following year, and then 8 percent per...

Answered: 1 week ago

Question

★★★★★

YOUR GM HAS CALLED YOU INTO THE OFFICE AND SHARED WITH YOU THAT YOUR HOUSEKEEPING AAA INSPECTION SCORE HAS FALLEN 5 POINTS BECAUSE OF CONSISTENCY ISSUES IN SERVICE AND THE HOTEL IS IN JEOPARDY OF...

Answered: 1 week ago

Question

★★★★★

Follow these steps for this discussion board: 1-Find an example of a business committing a tort (news article, law website, etc.). This could be from a court case or it may have been handled...

Answered: 1 week ago

Question

★★★★★

4. It has been said that net neutrality is the most important issue facing the Internet since the advent of the Internet. Discuss the implications of this statement. What kind of Internet user are...

Answered: 1 week ago

Question

★★★★★

Youll advertise your position in the local newspaper(s), with area post-secondary schools, in newsletters circulated to members of the Professional Womens Network (see Part 5 feature) and similar...

Answered: 1 week ago

Question

★★★★★

The career fair was a very positive experience. Prepare the text of an e-mail thanking Sarah for suggesting you attend (sking09@redriver.edu).

Answered: 1 week ago

Previous Question Next Question