A company had the following purchases and sales during its first year of operations: PurchasesSalesJanuary:10 units at $1206 unitsFebruary:20 units at $1255 unitsMay:15 units at $1309 unitsSeptember:12 units at $1358 unitsNovember:10 units at $14013 units On December 31, there were 26 units remaining in ending inventory. Using the Periodic FIFO inventory valuation method, what is the cost of the ending inventory? (Assume all sales were made on the last day of the month.)
A. $3,540.
B. $3,270.
C. $3,200.
D. $3,445.
E. $3,405.
Answer: A
You might also like to view...
Mesquite, Inc. has held-to-maturity debt securities it purchased in 2018. At December 31, 2019, the amortized cost basis of the securities is $220,000 and the fair value of the securities is $208,000. The present value of estimated future cash flows discounted at the original effective interest rate is $210,000. Mesquite, Inc. uses IFRS for its external reporting. What amount of loss, if any, will Mesquite, Inc. report related to these securities for 2019?
A. $12,000. B. $2,000. C. $ - 0 - D. $10,000.
Which of the following are general subcultures that exist in most organizations?
A. service B. operators C. peers D. direct reports
Which of the following would be considered a “hard power” influence tactic?
A. exchange B. rational persuasion C. apprising D. pressure
Which of the following is true of tort law?
A) It is considered a national law. B) It is considered a state law. C) It is considered a federal law. D) It is considered an international law.