Acompany has inventory of 15 units at a cost of $12 each on august 1. on august 5, they purchased 10 units at $13 per unit. on august 12, they purchased 20 units at $14 per unit. on august 15, they sold 30 units. using the fifo periodic inventory method, what is the value of the inventory at august 15 after the sale?

$210

Explanation:

FIFO means First-In, First-Out, so you basically sell your oldest inventory first.

Let's check the inventory history and value for each purchases:

- August 1: 15 units at $12/each

- August 5: +10 units at $13/each

- August 12: +20 units at $14/each

- August 15, -30 units

When they sell on August 15, the first 15 units of the order come from the August 1st inventory.  Then go the 10 units purchased on August 5.  Missing 5 units (30 - 15 - 10) to complete the order.   Those last 5 units come from August 12 purchase.

At the end, there are 15 units left in inventory, all from the purchase of August 12, at $14 each.

The value of the inventory is then: 15 units * $14/unit = $210

answer with step-by-step explanation:

a. wx is perpendicular to xy - true:

(since x is adjacent to x and y and all angles are 90 degrees in a square, therefore wx is perpendicular to xy)

b. ∠w is congruent to ∠x - true:

(all angles in a square are equal to each other)

c. ∠w is supplementary to ∠x - true:

(∠w and ∠x both are right angles which add up to 180 degrees so they are supplementary angles)

d. wxyz is a rhombus - true:

(a rhombus has all sides equal in length and so has a square so it is a rhombus)

e. wxyz is a trapezoid - false:

(a trapezoid has only one pair of parallel sides while a square has two pairs of parallel sides)

f. wx is parallel to yz - true:

(wx and yz are parallel to each other)