Acompany has beginning inventory of 11 units at a cost of $29 each on february 1. on february 3, it purchases 39 units at $31 each. 17 units are sold on february 5. using the periodic fifo inventory method, what is the cost of the 17 units that are sold?

The cost of the 17 units that are sold is $505

Explanation:

The FIFO is a method used to account value for inventory. Under the method, the first item of inventory purchased is the first one sold.

The company has beginning inventory of 11 units on February 1. On February 3, it purchases 39 units and sells 17 units on February 5.

Using the periodic FIFO inventory method,

The cost of the 17 units that are sold = 11 (beginning inventory on February 1) x $29 + 6 (purchasing inventory on February 3)x $31 = $505

the answer is: c.that person might be arrested and deported

filling w-4 form incorrectly usually would rise suspicions from government's auditors. when they notice such mistakes, they would send their teams to investigate the situation further.

if those investigation teams believe that the incorrectness is done on purpose (with malicious intent), that person can be arrested or deported

answer; personality;