Piper Pipes has the following inventory data: July 1 Beginning inventory 20 units at $120 5 Purchases 120 units at $112 14 Sale 80 units 21 Purchases 60 units at $115 30 Sale 56 units Assuming that a periodic inventory system is used, what is the cost of goods sold on a LIFO basis?
a. $15,392.
b. $15,412.
c. $7,328.
d. $7,348.
Answers: 1
Business, 20.06.2019 18:04, kaylynnstanley22
Https: //.cthe government of semput (e. g. a fictitious country) plans the goods and services that semput produces, the quantity of goods produced, and the prices at which goods are sold. semput is a economy. market mixed command theocratic pluralm/94215585/international-busi ness-ch-2-flash-cards/
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Business, 22.06.2019 01:10, ltawiah8393
Suppose someone wants to sell a piece of land for cash. the selling of a piece of land represents turning econ
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Business, 22.06.2019 12:50, axelsanchez7710
You are working on a bid to build two city parks a year for the next three years. this project requires the purchase of $249,000 of equipment that will be depreciated using straight-line depreciation to a zero book value over the three-year project life. ignore bonus depreciation. the equipment can be sold at the end of the project for $115,000. you will also need $18.000 in net working capital for the duration of the project. the fixed costs will be $37000 a year and the variable costs will be $148,000 per park. your required rate of return is 14 percent and your tax rate is 21 percent. what is the minimal amount you should bid per park? (round your answer to the nearest $100) (a) $214,300 (b) $214,100 (c) $212,500 (d) $208,200 (e) $208,400
Answers: 3
Piper Pipes has the following inventory data: July 1 Beginning inventory 20 units at $120 5 Purchase...
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