Business, 18.03.2020 00:26 larenhemmings

Details regarding the inventory of appliances on January 1, 20Y7, purchases invoices during the year, and the inventory count on December 31, 20Y7, of Amsterdam Appliances are summarized as follows

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Answer from: nisha87

Using LIFO:

Model Ending inventory Cost

A10 6 (4 x $64) + (2 x $70) = $396

B15 8 (8 x $176) = $1,408

E60 5 (3 x $70) + (2 x $65) = $340

G83 9 (7 x $242) + (2 x $250) = $2,194

J34 15 (12 x $240) + (3 x $246) = $3,618

M90 5 (2 x $108) + (2 x $110) + $128 = $564

Q70 8 (5 x $160) + (3 x $170) = $1,310

total cost of ending inventory = $9,830

Using FIFO:

Model Ending inventory Cost

A10 6 (4 x $76) + (2 x $70) = $444

B15 8 (6 x $184) + (2 x $170) = $1,444

E60 5 (5 x $70) = $350

G83 9 (9 x $259) = $2,331

J34 15 (15 x $270) = $4,050

M90 5 (3 x $130) + (2 x $128) = $646

Q70 8 (7 x $180) + (1 x $175) = $1,435

total cost of ending inventory = $10,700

Details regarding the inventory of appliances on January 1, 20Y7, purchases invoices during the year

Answer from: Quest

by knowing conditionality

explanation:

Answer from: Quest

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi

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