Assume 4 separate purchases of 100 units of the same item as follows: 100 @ $0.25 each; 100 @ $0.23 each; 100 @ $0.21 each and 100 @ $0.26 each. An ending inventory count showed 230 of the items still in stock. Under the LIFO method, cost of ending inventory is:
a. $54.30
b. $53.90
c. $59.30
d. $55.00
e. $53.40
a
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Board members of a nonprofit organization are calculating the salary offer for a new chief executive officer (CEO). The board wants to ensure that the salary paid to the new CEO is fair for the knowledge and skills needed to perform the job well. The board members are practicing ______.
A. open compensation B. closed competition C. nonprofit distributing D. noncompulsory distributions
Because management accountants prepare and analyze financial information used by company decision-makers, they are considered to be at the forefront of Statement of Ethical Professional Practice.
Answer the following statement true (T) or false (F)
Supply chain integration is the effective coordination of supply chain processes through the seamless flow of information to suppliers, up and down the supply chain
Indicate whether the statement is true or false
Mike made the following offer to Mick: "I will pay you $500 if you agree to paint my house." Mick replied that he would. At this point, the contract is an A) executed, bilateral, express contract
B) executory, bilateral, implied-in-law contract. C) executed, unilateral, express contract. D) executory, bilateral, express contract.