Business, 14.03.2020 01:28 soccerjessie6846

Hoover Company purchased two identical inventory items. The item purchased first cost $39.50. The item purchased second cost $43.75. Then Hoover sold one of the inventory items for $70. Based on this information:

a. the amount of ending inventory is $43.75 if Hoover uses the LIFO cost flow method.

b. the amount of gross margin is $28.38 if Hoover uses the weighted average cost flow method.

c. the amount of cost of goods sold is $43.75 if Hoover uses the FIFO cost flow method.

d. the amount of cost of goods sold is $39.50 if Hoover uses the LIFO cost flow method.

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 03:00

How could brian, who doesn't want his car insurance premiums to increase, show he poses a low risk to his insurance company? a: drive safely to avoid accidents and traffic citations b: wash and wax his car regularly to keep it clean c: allow unlicensed drivers to drive carelessly in his car d: incur driver's license points from breaking driving laws

Answers: 1

Answer

Business, 22.06.2019 11:00

How did the contribution of the goods producing sector to gdp growth change between 2010 and 2011 a. it fell by 0.3%. b. it fell by 2.3%. c. it rose by 2.3%. d. it rose by 0.6%. the answer is b

Answers: 1

Answer

Business, 22.06.2019 20:40

Spartan credit bank is offering 7.5 percent compounded daily on its savings accounts. you deposit $5,900 today. a. how much will you have in the account in 4 years? (use 365 days a year. do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. how much will you have in the account in 12 years? (use 365 days a year. do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. how much will you have in the account in 19 years?

Answers: 2

Answer

Business, 22.06.2019 21:20

Which of the following best explains how trade enables greater specialization among producers? a. trade diversifies the market by bringing specialized goods from around the world. b. trade requires distribution networks and adds one more step to the production process. c. trade enables producers to open up new markets for their goods and services. d. trade allows people to focus on one kind of production and trade for their other needs.

Answers: 1

Answer

You know the right answer?

Hoover Company purchased two identical inventory items. The item purchased first cost $39.50. The it...

Questions