Calculate ending inventory and COGS using FIFO and LIFO methods for ABC Inc.

On April 1, 2022 the balance in inventory is 220 units at $50 each

April 5, 2022 purchased 100 units at $60 each

Purchased 50 units at $45 each on April 10, 2022

Sold 300 units at $80 each on April 16, 2022

Sold 20 units at $95 each on April 25, 2022

Purchased 200 units at $40 each on April 30, 2022

Answers

Answer 1

The calculation of the ending inventory and the cost of goods sold using FIFO and LIFO methods for ABC Inc. is as follows:

                                          FIFO          LIFO

Ending inventory          $10,250     $12,800

Cost of goods sold       $17,000     $14,450

How does FIFO differ from LIFO?

FIFO, which means First-in, First-out, computes the cost of goods sold based on the assumption that the physical flow of goods sold depends on the earlier inventory in stock.

FIFO can be applied under both the perpetual and periodic inventory systems, unlike LIFO.

LIFO means Last-in, First-out, and as a cost flow assumption assigns the cost of goods sold based on the latest inventory purchases.

LIFO cannot be used under the perpetual inventory system.

Date        Activities                       Units     Unit Rate      Total Cost

April 1     Beginning inventory       220          $50             $11,000

April 5    Purchases                        100          $60                6,000

April 10   Purchases                         50          $45                2,250

April 16   Sales                              -300          $80

April 25  Sales                                -20          $95

April 30  Purchases                      200          $40                8,000

Total                                              570                             $27,250

Units sold                                      320

Ending inventory                         250

FIFO:

Ending Inventory = $10,250 (200 x $40 + 50 x $45)

Cost of goods sold = $17,000 ($27,250 - $10,250)

LIFO:

Ending Inventory = $12,800 (220 x $50 + 30 x $60)

Cost of goods sold = $14,450 ($27,250 - $12,800)

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Related Questions

Raven is taking a math test.
The test lasts for 1 hour and 35 minutes.

If they finish the test at 1:20, what time did they start the test?

Answers

If they took 1 hour and 35 minutes to complete the test and finished at 1:20 they started at 11:45.

What is a numerical expression?

A numerical expression is a mathematical statement written in the form of numbers and unknown variables. We can form numerical expressions from statements.

Given, The total time of the math test Raven took was 1 hour and 35 minutes.

Now he finishes the test at 1:20.

So, One hour before the time was 12:20.

20 minutes before that was exactly 12:00 and 15 minutes before that was

11:45 so a total of 1 hour and 35 minutes.

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Mr. Harris is adding tiles to his patio area. On Monday, he tiled 1/3 of his patio, and on Tuesday, he tiled 1/2 of the patio area. How much would he have left to tile on Wednesday?
Responses

Answers

On Wednesday 1/6 of the patio area is left to tile

Let the patio area be x

On Monday, he tiled 1/3 of his patio = 1/3 x

on Tuesday, he tiled 1/2 of the patio area = 1/2 x

The area left to tile on Wednesday

= x - (1/3 x + 1/2 x)

x - 1/3 x - 1/2 x

(6x - 2x - 3x)/6

= 1/6 x

The area left to tile on Wednesday is 1/6 of the patio area

Therefore,  1/6 of the patio area is left to tile on Wednesday

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A total of 600 tickets were sold for the school play. They were either adult tickets or student tickets. The number of student tickets sold was three times the
number of adult tickets sold. How many adult tickets were sold?

Answers

Answer:

150 adult tickets where sold

Step-by-step explanation:

If we multiply 150 times 3 that gives us 450, which acounts for all the students. And 150 is the number thats left of adults that adds up to 600.

Please help me I’ll mark your answer brainly

Answers

The measure of angle B is x, while the measure of angle A is 2·x. The 70° measure of angle C and the angle sum property of the interior angles of a triangle indicates that angle B is [tex]36.\overline 6^{\circ}[/tex] and angle A is [tex]73.\overline 3^{\circ}[/tex]

What are the interior angles of a triangle?

The interior angles of a triangle are the angles formed by the sides sides of the triangle.

The question can be solved by making use of the known properties of a triangle.

The angle sum property of the interior angles in a triangle gives;

The sum of the interior angles of a triangle is 180°

Therefore; x + 2·x + 70 = 180

3·x = 180° - 70° = 110°

[tex]x = \dfrac{110^{\circ}}{3} = 36\frac{2}{3} ^{\circ}[/tex]

The measure of angle A is 2·x

Which gives;

[tex]A = 2 \times 36\frac{2}{3} ^{\circ} = 73\frac{1}{3} ^{\circ} = 73.\overline 3^{\circ}[/tex]

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Solve for j.

–3(j − 8) + –6 = –9

Answers

Answer:

j=3

Step-by-step explanation:

distribute

-3(j-8)+-6=-9

-3j+24-6=9

-3j+18=9

-3j=-9

j=3

Hopes this helps pleae mark brainliest

Answer:

j = 9

Step-by-step explanation:

Let's solve for the value of j,

→ -3(j − 8) + (-6) = -9

→ -3j + 24 - 6 = -9

→ -3j + 18 = -9

→ -3j = -9 - 18

→ j = (-27)/(-3)

→ j = 27/3

→ [ j = 9 ]

Hence, the value of j is 9.

A road has a speed limit sign at the beginning that is noticed by 84 % of people. 95 % of people who didn't notice the sign speed on the road. Of those who notice the sign, 75 % follow the speed limit.

How many percent of people speeding on this road noticed the sign? In other words, how many people on this road speed on purpose. Give your answer in percentage.

Answers

The percentage is the indicating hundredth thus the percentage of people speeding on this road who noticed the sign would be 84% - 75% = 9%.

What is the percentage?

The percentage is defined as a given amount in every hundred. It is a fraction with 100 as the denominator percentage is represented by the one symbol %.

As per the given,

Percentage of people who notice the speed limit = 84%

The percentage of people who notice the sign and follow the speed limit is 75%.

Therefore, 84% - 75%  = 9% are the percentage speeding and noticed.

Hence "The percentage is the indicating hundredth thus the percentage of people speeding on this road who noticed the sign would be 84% - 75% = 9%".

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I need help with this problem. Please and thank you.

Answers

After solving the given equation for r, the value of r is √T/4π.

What are equations?A mathematical equation is a formula that utilizes the equals sign to signify the equality of two expressions. Algebraically speaking, an equation is a statement that shows the equality of two mathematical expressions. For instance, the two equations 3x + 5 and 14, which are separated by the 'equal' sign, make up the equation 3x + 5 = 14.

So, the formula equation is:

T = 4πr²

Now, solve for r as follows:

T = 4πr²r² = T/4πr = √T/4π

Therefore, after solving the given equation for r, the value of r is √T/4π.

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NO LINKS!! Please help me with these graphs Part 3​

Answers

Answer:

[tex]\textsf{a.} \quad x = 1 - \sqrt{7},\quad x = 1 + \sqrt{7}[/tex]

b.  y = -6

c.  Minimum point at (1, -7).

d.  Domain:  (-∞, ∞)

e.  Range:  [-7, ∞)

f.  See attachment.

Step-by-step explanation:

Given function:

[tex]\text{f}(x)=x^2-2x-6[/tex]

As per the question, use a graphing calculator to graph the given function.

Part a

The x-intercept(s) are the points at which the curve crosses the x-axis.

x-intercepts:  [tex]x = 1 - \sqrt{7},\quad x = 1 + \sqrt{7}[/tex]
These are x = -1.6 and x = 3.6 to one decimal place.

Part b

The y-intercept is the point at which the curve crosses the y-axis.

y-intercept:  y = -6

Part c

From inspection of the graph:

Minimum point at (1, -7).

Part d

The domain of a function is the set of all possible input values (x-values).

The domain of the given function is unrestricted.

Domain:  (-∞, ∞)

Part e

The range of a function is the set of all possible output values (y-values).

As the function has a minimum point at y = -7, the range is restricted.

Range:  [-7, ∞)

Part f

Graph label the axes using a scale of 1 (see attachment).

Plot the minimum point (1, -7).  
The axis of symmetry is the x-value of the vertex:  x = 1.Plot the x-intercepts:  (-1.6, 0) and (3.6, 0)Plot the y-intercept:  (0, -6)Using the axis of symmetry to ensure the curve is symmetrical, draw a curve through the plotted points.

factorize 6x²y-10xy+15x-25​

Answers

The factors of 6x²y-10xy+15x-25​ are (3x-5)(2xy+5).

According to the question,

We have the following expression:

6x²y-10xy+15x-25​

In this expression, we can not use any identity to solve it further.

Now, in order to find the factors of this expression, we will find the common terms from the first two terms and one common factor from the last two terms.

Taking 2xy as a common factor from first two terms and 5x as a common factor from the last two terms:

2xy(3x-5)+5(3x-5)

Taking (3x-5) as a common factor from the above expression:

(3x-5) (2xy+5)

Hence, the factors of 6x²y-10xy+15x-25​ are (3x-5)(2xy+5).

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A square patio had the same number of feet added to its length and width. The
equation A(x) = x² + 12x + 36 represents the area of the new patio in square feet,
where a was the length and width of the original patio, in feet. How many feet were
added to the length and width of the patio?

Answers

The required feet added to both the length and width of the patio is 6 feet.

Given that,
A square patio had the same number of feet added to its length and width. The equation A(x) = x² + 12x + 36 represents the area of the new patio in square feet, where 'x' was the length and width of the original patio, in feet.

Here,

According to the question,
A(x) = x² + 12x + 36
A(x) = x² + 6x + 6x + 36
A(x) = (x + 6)(x + 6)

Length = width = x + 6

Thus, the required feet added to both the length and width of the patio is 6 feet.

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Simplify
8(x + 3)^2/2(× + 3)

Answers

Answer:

[tex] = \frac{8(x + 3) {}^{2} }{2(x + 3)} = 4(x + 3) = 4x + 12[/tex]

Hopefully this will help u

Please help me simplify

Answers

Answer: [tex]\frac{4\sqrt{x} }{t^2}[/tex]

Step-by-step explanation:

You can start by either applying the exponent to both the numerator and denominator (exponent rule), or make things simpler by dividing first. Doing the latter allows me to show both properties. Since the terms in the fraction are being multiplied, we can divide common terms which will leave us with [tex]\frac{16x}{t^4}[/tex] on the inside. Now that it is simplified, we can apply the exponent. We will end up with 4x^1/2 in the numerator and t^2 in the denominator. If the exponent seems daunting, it is also helpful to know that raising something to the exponent of 1/2 is basically taking the square root of it.

due tomorrow help please :)

Answers

Answer:

68°

Step-by-step explanation:

The angles are equal to each other.  Set them equal and solve for x

5x + 18 = 8x - 12  Subtract 5x from both sides of the equation

18 = 3x - 12  Add 12 to both sides of the equation

30 = 3x  Divide both sides by 3

10 = x

Now that you have found x plug is back into  5x + 18

5(10) + 18

50 + 18 = 68

Answer:

∠ FLJ = 68°

Step-by-step explanation:

∠ EKG and ∠ FLJ are alternate exterior angles and are congruent , then

8x - 12 = 5x + 18 ( subtract 5x from both sides )

3x - 12 = 18 ( add 12 to both sides )

3x = 30 ( divide both sides by 3 )

x = 10

Then

∠ FLJ = 5x + 18 = 5(10) + 18 = 50 + 18 = 68°

math help, will mark brainliest

Answers

Answer:  1 question Solve for x

x=

3

−y−2z−10

Solve for y

y=−3x−2z−10

Step-by-step explanation: Steps for Solving Linear Equation

3x+y+2z=−10

Subtract y from both sides.

3x+2z=−10−y

Subtract 2z from both sides.

3x=−10−y−2z

The equation is in standard form.

3x=−y−2z−10

Divide both sides by 3.

3

3x

=

3

−y−2z−10

Dividing by 3 undoes the multiplication by 3.

x=

3

−y−2z−10

It is 163 cm from your eyes to your toes. You're standing 220 cm in front of a tall mirror. How far is it from your eyes to the image of your toes?

Answers

The distance between the eyes and the distance to the image of the toes will be 273.80 cm.

What is the Pythagorean theorem?

Pythagorean theorem states that in the right angle triangle the hypotenuse square is equal to the square of the sum of the other two sides.

According to this statement, the areas of the squares on the other two sides add up to the size of the square whose side is the hypotenuse.

Given that It is 163 cm from your eyes to your toes. You're standing 220 cm in front of a tall mirror.

The distance between the image of toes and eyes will be calculated as,

H² = P² + B²

H= √(P² + B²)

H = √(163² + 220²)

H = √(26569+48400)

H = √74969

H = 273.80 cm

Therefore, the distance between the eyes and the distance to the image of the toes will be 273.80 cm.

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Please answer the question in the attached photo below.​

Answers

The distance between the two points (3, π/6) and (2, π/3) in polar coordinates is 1.614 units

The points are (3, π/6) and (2, π/3)

The polar coordinate system is the system that represent a point by a distance from a fixed reference point and angles from a reference direction

The distance between the two points

d = [tex]\sqrt{r_1^2+r_2^2-2r_1r_2cos(theta_1-theta_2)}[/tex]

(3, π/6) is the coordinates of first point

(2, π/3) is the coordinates of second point

Substitute the values in the equation

d = [tex]\sqrt{3^2+2^2-2(3)(2)cos(\pi/6 - \pi /3)}[/tex]

d = [tex]\sqrt{9+4-12(\frac{\sqrt{3} }{2} )}[/tex]

d = [tex]\sqrt{13-6\sqrt{3} }[/tex]

d = 1.614 units

Hence, the distance between the two points (3, π/6) and (2, π/3) in polar coordinates is 1.614 units

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sry for the awful picture but i couldnt get it as a file

Answers

Check the picture below.

Jeremy received a bill with a balance due of $35.60. After an error was corrected, the new balance was of the original balance due.
What was the new balance due?

Answers

For Jeremy the new balance due was $8.9  .

In the question ,

it is given that ,

bill received by Jeremy with balance due =  $35.60  

also given that after an error occurred  ,

the new balance was 1/4 of the original balance due .

So , the new balance due is = (1/4) × (original balance due)

Substituting the value of original balance due ,

we get ,

new balance due = (1/4) × (35.60)

= 35.60/4

On Simplifying further ,

we get ,

= 8.9

Therefore , For Jeremy , the new balance due was $8.9  .

The given question is incomplete , the complete question is

Jeremy received a bill with a balance due of $35.60. After an error was corrected, the new balance was 1/4 of the original balance due. What was the new balance due ?

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Minimizing Costs A pencil cup with a capacity of 20 in.3 is to be constructed in the shape of a rectangular box with a square base and an open top. If the material for the sides costs 12¢/in.2 and the material for the base costs 60¢/in.2, what should the dimensions of the cup be to minimize the construction cost?

Answers

The dimensions of the cup that minimize the construction cost are 2 x 2 x 5 in

How to determine the dimensions of the cup that minimize the construction cost?

Given:  Capacity = 20 in³, cost of material for the side = 12¢/in² and cost of material for the base = 60¢/in²

In order to calculate the dimension of the cup

Let h and x represent the height and square base respectively

Thus, the capacity (volume) of the pencil cup is can be represented as:

V = x²h     (where V = 20)

20 = x²h

h = 20/x²

At minimum cost, we have:

C(x) = 60x² +  12(4xh)

C(x) = 60x² +  48xh         (put h = 20/x²)

C(x) = 60x² +  48x(20/x²)

C(x) = 60x² +  960/x

Differentiating with respect to x, we have:

C(x) = 120x - 960/x²      (multiply through by x²)

120x³-960 = 0

120x³ = 960

x³ = 960/120

x³ = 8

x = ∛8 = 2 in

For the height:

h = 20/x²

h = 20/2²

h = 20/4 = 5 in

dimensions = 2 x 2 x 5 in

Therefore, the dimensions of the cup that minimize the construction cost are a 2 x 2  square base and  height of 5 in

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Hailey used math to describe design in nature:
the number of legs insects and spiders have, the number of petals on flowers, and even the patterns of spots on some animals.
Math shows the world is designed, and that design is _______.

Answers

The math shows the world is designed, and that design is symmetry and spirals.

How is math found in nature What is the significance of mathematical patterns in nature?

Mathematics is seen in many beautiful patterns in nature, such as symmetry and spirals. Both are aesthetically appealing and proportional. Symmetry can be radial, where the lines of symmetry intersect a central point such as a daisy or a starfish.

Here,

If Hailey used math to describe the design in nature: the number of legs insects and spiders have, the number of petals on flowers, and even the patterns of spots on some animals. The math shows the world is designed, and that design is symmetry and spirals.

Hence, the math shows the world is designed, and that design is symmetry and spirals.

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PLEASE HELP ME I NEED HELP ADDMEDIATLY
Store A sells 2 bags of chips for $2.50. Store B sells 3 bags of chips for $3.25. Which store offers the better deal? Show your work.

Answers

Answer:

Store B

Step-by-step explanation:

Store A: $2.50 ÷ 2 = $1.25

Store B: $3.25 ÷ 3 = $1.08 (to nearest cent)

Store B offers the better deal.

12) m/GOP = 80°, m/ROP
and m/ROG= 32x + 4. Find x.
R
Q
= 3 +59x,
G

Answers

The angular value of x is 3° as per the given the given information in the question.

What is meant by an angle?

An angle in Euclidean geometry is the figure produced by two rays, called the sides of the angle, that have a common termination, called the vertex of the angle. Angles formed by two rays lie in the plane containing the rays. Angles are also generated by the intersection of two planes. These are referred to as dihedral angles. Two intersecting curves can also define an angle, which is the angle of the rays lying tangent to the respective curves at their point of intersection.

Given,

m ∠GQP=80

m ∠RQP=3+59x

m ∠RQG=32x+4

From the figure,

m ∠RQG+ m ∠GQP= m ∠RQP

32x+4+80°=3+59x

27x=81°

x=3°

Therefore, the value of x=3°

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What is the answers please

Answers

By performing some simple mathematical operations, the answers to all the subparts are:

(A) 3.2 × 6 = 19.2(B) 8.5 × 0.2 = 1.7(C) 2.7 × 5.9 = 15.93(D) 0.32 × 0.16 = 0.0512

What exactly are mathematical operations?In mathematics, an operation is a function that converts zero or more input values into a discrete output value. The number of operands in the operation determines how difficult it is.A rule that determines the correct method to use while evaluating mathematical equations is known as the order of operations. Parentheses, exponents, multiplication, division (left to right), addition, and subtraction can all be remembered in the PEMDAS acronym (from left to right).

So, the answers after multiplication are:

(A) 3.2 × 6 = 19.2(B) 8.5 × 0.2 = 1.7(C) 2.7 × 5.9 = 15.93(D) 0.32 × 0.16 = 0.0512

Therefore, by performing some simple mathematical operations, the answers to all the subparts are:

(A) 3.2 × 6 = 19.2(B) 8.5 × 0.2 = 1.7(C) 2.7 × 5.9 = 15.93(D) 0.32 × 0.16 = 0.0512

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one serving of a certain brand of yogurt contains 7g of fat. the low fat version contains 45.75% less fat per serving. how many grams of fat does one serving of the low fat yogurt contain?

Answers

The grams of fat that are contained in one serving of the low-fat yogurt are: 3.7968g.

How do we obtain the grams of fat for one serving of low-fat yogurt?

To obtain the number of grams of fat that is contained in one serving of the low-fat yogurt, we need to first note the percentage content of the low-fat version of yogurt.

100 - 45.75% = 54.25% or 0.5425

Since one serving of the yogurt contains 7g of fat, then the low-fat serving will be equal to:

7g × 0.5425  = 3.7968

So, the total gram of fat for one serving of the low-fat yogurt is equal to:

3.7968g

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Please Help me its a hard ;--;

Answers

Answer:  y intercept:  (0, -1/7)

Step-by-step explanation:

First you start with y = 10x - 1/7

Since your finding the y-intercept, you turn the 10x into a 0

So you would have y = -1/7

So y = -1/7

is your answer!

Mr Agrawal has an electrical shop. he sold a tube light for rs 240 at 20% profit. find the cost price of tube light.​

Answers

Answer:

192

Step-by-step explanation:

If 20% is the profit, then 80% is the cost.

.8 x 240 = 192

If A = 1
a.
-2 6 1
b.
-5
9 -6 and B= -2 -7
1
10
-99-9
-22 30 32
-16 -78 48
42 24 30
-32 72 30
-2
26 -20
-50
94 -58
9 6
4
-1
Ń
find-4A + 6B.
C.
d.
38
8
30
-78
-40
6 0
42
58
-96
8 0 -18
14
82 -52

Answers

The answer is option (a)

Hope this answer helps you

I need help with this assignment.

Answers

Answer: over budget by $64



Step-by-step explanation:

$99 coat

$75 Shoes

$240 tv

Total=414

total-budget=

Budget =$350

414-350

= 64

15. Rachel Teeter has a monthly budget of $3000. She plans
to spend 34% for rent and utilities, 23% for food, 5% for
entertainment, 25% to pay off debt, and the remainder
will go into a savings account.
(a) What percent of the total budget will go into a savings
account?

Answers

Answer: 17%

Step-by-step explanation:

If you add up 34%, 23%, 5%, & 25% that would equal 83%, if you subtract the 83% from 100%, you would get 17%.The 17% is equivalent to 510. So Rachel Teeter will have $510 in her savings account.

(a)- domain and range of function
(b)- intercepts
(c)- horizontal asymptotes
(d)- vertical asymptotes
(e)- oblique asymptotes

Answers

C is the answer for the question
Other Questions
Write a letter to your friend wishing him success 6. Find the distance between each pair of points. Then order each line segment from longest to shortest.a. A(6, 1), B(1, 6)c. E(2,7), F(4, -2)e. J(4, 2), K(1, 5)bC(-5, 8), D(5,8)d. G(7,3), H(7,1)f. L(3, -8), M(7, 5) how do cash flow problems usually start? multiple choice question. the firm issues stock. the firm uses up its credit. the firm has an initial public offering. the firm uses improper ratio analysis. if you compared 1m solutions, was a 1m nacl solution less hypertonic than a 1m sucrose solution? what is you evidence? what about 1m nacl and 1m glucose and 1m sucrose? When i feed my parrot breakfast in the morning, he either grunts happily and eats it, screams petulantly and eats it, or screams and flings it out of the cage. These events are disjoint. Are they also independent?. Question5 a) What is the primary way that muscle force is controlled? b) Describe this phenomenon and explain how this relates to changes in muscle circumference.Question6:Which of these two types of muscle contractions (Isotonic, Isometric) is used in the body to promote joint stability? Briefly explain your reasoning. Solve for value of T in a double-slit experiment, the slit separation d is 2.00 times the slit width w. how many bright interference fringes are in the central diffraction envelope Many southerners genuinely believed that slaves were better off as they were: as the property of their owners. Why were they convinced that slavery was such a positive thing which reference resource best helps a reader determine the meaning of technical words in a text?(1 point) responses thesaurus thesaurus glossary glossary index index dictionary what page in salt to sea does Joana use her medical knowledge to get a boat 1. Professional athletes are overpaid for their job. Not including product endorsements and television revenues, many athletes are paid far too much for what they do. 2. Professional basketball player Lebron James is the highest paid player in the NBA.His salary alone is over $73 million. 3. Matt Ryan of the Atlanta Falcons makes a whopping $43 million just for playing football. 4. These men possess exceptional talent and deserve recognition; however, it is extreme to pay athletes this excessively for "working" a few months of the year. 5. The high salaries of professional athletes have driven the cost of tickets for these games even higher. It is out of reach for some families to attend a basketball or football game. 6. What does this say about our society when athletes are paid much more for entertaining and playing a sport than people who really make a difference in our world, such as teachers?Which sentence is part of the analysis in this paragraph?O Sentence 6Sentence 2 Sentence 5Sentence 3 Simplify these pls Ill brainlist.1) 3b (b+4) - 4 (b-5) 2) 12(3y + 6) if you were to calculate the yield on a security with a 10-year us treasury security, the yield will be equal to a 3.0 percent coupon bond issued by the state of tennessee sells for $1,000. what coupon rate on a corporate bond selling at $1,000 par value would produce the same after-tax return to the investor as the municipal bond if the investor is in the 25 percent marginal tax bracket? How many times greater is 5.96 10^4 then 2.98 10^3? Figure E is dilated from point D, the center of dilation vitamin d is necessary for a. reduce osteoclast activity; b. increase osteoblast activity; c. the formation of the organic framework of bone d. collagen formation; e. absorption of calcium and phosphate ions; a) before planning individualized patient care, the patient's oral health literacy must be assessed. b) patients with disabilities or physical limitations will require modification to ensure adequate daily oral biofilm removal. group of answer choices statement a is false and statement b is true. statement a is true and statement b is false. both statements are false. both statements are true. -13-7= +?Write as addition.