Seminole company began year 2015 with 30,000 units of product in its january 1 inventory costing $17.00 each. it made successive purchases of its product in year 2015 as follows. the company uses a periodic inventory system. on december 31, 2015, a physical count reveals that 55,000 units of its product remain in inventory. mar. 7 - 30,000 units @ $18 each
may 25 - 39,000 units @ $20 each
aug. 1 - 23,000 units @ $25 each
nov. 10 - 35,000 units @ $26 each
compute the amounts assigned to the 2013 ending inventory and the cost of goods sold.
(a) fifo periodic
(b) lifo periodic
(c) weighted average periodic
Answers: 2
Business, 22.06.2019 15:30
The school cafeteria can make pizza for approximately $0.30 a slice. the cost of kitchen use and cafeteria staff runs about $200 per day. the pizza den nearby will deliver whole pizzas for $9.00 each. the cafeteria staff cuts the pizza into eight slices and serves them in the usual cafeteria line. with no cooking duties, the staff can be reduced by half, for a fixed cost of $75 per day. should the school cafeteria make or buy its pizzas?
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Business, 22.06.2019 16:20
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Business, 22.06.2019 19:50
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Business, 22.06.2019 23:00
Which best describes what financial planning skills ultimately enable an individual to do? to prepare for the future to determine lifetime income to determine the cost of living to learn from the past
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Seminole company began year 2015 with 30,000 units of product in its january 1 inventory costing $17...
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