Lisa Company uses the periodic inventory system to account for inventories. Information related to Lisa Company's inventory at October 31 is given below: October
1
Beginning inventory
390 units x $9.80 = $3,822
8
Purchase
790 units x $10.50 = 8,295
16
Purchase
590 units x $10.60 = 6,254
24
Purchase
195 units x $11.60 = 2,262
Total units and cost
1,965 units $20,633

The value of ending inventory will be items of latest purchase.

Step-by-step explanation:

Given that,

Lisa Company uses the periodic inventory system to account for inventories.

Information related to Lisa Company's inventory at October 31 is given,

Suppose, find the value of ending inventory using the FIFO cost assumption if 500 units remains on hand at october 31

We need to calculate the value of ending inventory

Using FIFO method

Hence, The value of ending inventory will be items of latest purchase.

0.16 or 16%

step-by-step explanation:

lets take a coin for example.

if you toss it twice, it has a 1/4 chance of landing on heads both times because 1/2 * 1/2 is 1/4.

with the cards, the chance of picking dog is 0.4. having two people pick one is like picking a card twice in a row. so 0.4 * 0.4 is 0.16, or 16%

if you are looking for the unit rate then the answer would be 9 because unit rate is distance divided by time.

step-by-step explanation: