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NEW QUESTION: 1
An entity started in Year 1 with 200 scent. 1 3ndles on hand at a cost of US $3.50 each.
These candles sell Lich. The following schedule represents the purchases and sales of candles during Year 1:
If the entity uses periodic FIFO inventory pricing, the gross profit for Year 1 would be:
A. US $2,920
B. US $2,755
C. US $2,854
D. US $2,805
Answer: D
Explanation:
The FIFO method assumes that the first goods purchased are the first goods sold and that ending inventory consists of the latest purchases. Moreover, whether the inventory system is periodic or perpetual does not affect FIFO valuation. The cost of goods sold is US $2.445 {beginning inventory200 units x $3.50) - purchases [(250 units x $3.30)200 units x $3.10) 350 units x $3.00)] - ending inventory250 units x $3.00)}_ Thus, the gross profit for Year 1 using FIFO is US $2.805 [sales750 units x $7.00) - cost of goods sold of $2 445].
NEW QUESTION: 2
Which tool can be used to help control the amount of data the BlackBerry Synchronization Service sends after an upgrade to BlackBerry Enterprise Server software version 5.0 is complete? (Choose one)
A. SyncControl
B. SBInjector
C. PolcTrait
D. TraitTool
E. SBThrottle
Answer: D
NEW QUESTION: 3
A. 300 GB
B. 30 GB
C. 150 GB
D. 15 GB
Answer: C