Rogers Products uses a periodic inventory system. The company’s records show the beginning inventory of PH4 oil filters on January 1 and the purchases of this item during the current year to be as follows. Jan. 1 Beginning inventory 11 units @ $ 3.00 $ 33.00 Feb. 23 Purchase 18 units @ $ 3.50 63.00 Apr. 20 Purchase 28 units @ $ 3.80 106.40 May 4 Purchase 37 units @ $ 4.00 148.00 Nov. 30 Purchase 20 units @ $ 5.00 100.00 Totals 114 units $ 450.40 A physical count indicates 25 units in inventory at year-end. Determine the cost of the ending inventory on the basis of each of the following methods of inventory valuation. a. Average cost. b. FIFO. c. LIFO.
Answers: 1
Business, 22.06.2019 03:30
Joe said “your speech was really great, i loved it.” his criticism lacks which component of effective feedback? a) he did not recognize his ethical obligations b) he did not focus on behavior c) he did not stress the positive d) he did not offer any specifics
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Business, 22.06.2019 09:20
Which statement best explains the relationship between points a and b? a. consumption reaches its highest point, and then supply begins to fall. b. inflation reaches its highest point, and then the economy begins to expand. c. production reaches its highest point, and then the economy begins to contract. d. unemployment reaches its highest point, and then inflation begins to decrease.
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Business, 22.06.2019 17:30
Alinguist had a gross income of 53,350 last year. if 17.9% of his income got witheld for federal income tax, how much of the linguist's pay got witheld for federal income tax last year?
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Rogers Products uses a periodic inventory system. The company’s records show the beginning inventory...
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