1 answer

In its first month of operation, Whispering Winds Corp. purchased 180 units of Inventory for $8,...

Question:

In its first month of operation, Whispering Winds Corp. purchased 180 units of Inventory for $8, then 280 units for $9, and f

4. PM C NEW TORU5.00) 0/1 Question 7 View Policies Show Attempt History Current Attempt in Progress port Your answer is incor
In its first month of operation, Whispering Winds Corp. purchased 180 units of Inventory for $8, then 280 units for $9, and finally 220 units for $10. At the end of the month, 260 units remained. Compute the amount of phantom profit that would result if the company used FIFO rather than LIFO. Phantom profits
4. PM C NEW TORU5.00) 0/1 Question 7 View Policies Show Attempt History Current Attempt in Progress port Your answer is incorrect. In its first month of operation, Whispering Winds Corp. purchased 180 units of inventory for $8, then 280 units for $9, and finally 220 units for $10. At the end of the month, 260 units remained. Compute the amount of phantom profit that would result if the company used FIFO rather than LIFO. Phantom profits e Textbook and Media Save for Later Last saved 1 second ago Attempts: 2 of 4 used Submit Answer

Answers

P IP Pulchases 180 units @ $8 250 units @ $9. 220 units @ $10 P2 Total 690 units 2o Ending - 260 units E units sold = 420 uni

If you have any doubts please comment on the answer.

.

Similar Solved Questions

1 answer
Please answer all questions Phys 212 Tutorial 11 Electromagnetic Inductions and Inductor Circuits Name: ! O...
please answer all questions Phys 212 Tutorial 11 Electromagnetic Inductions and Inductor Circuits Name: ! O Q1 Five loops are formed of copper wire of the same gauge (same cross-sectional area). Loops 1-4 are identical; loop 5 has the same height as the others but is longer. At the instant shown...
1 answer
Sunland Corporation was formed 5 years ago through a public subscription of common stock. Daniel Brown,...
Sunland Corporation was formed 5 years ago through a public subscription of common stock. Daniel Brown, who owns 15% of the common stock, was one of the organizers of Sunland and is its current president. The company has been successful, but it currently is experiencing a shortage of funds. On June ...
1 answer
Find the missing side of the triangle. A. √193 km B. 11√2 km C. √337 km...
Find the missing side of the triangle. A. √193 km B. 11√2 km C. √337 km D. √5 km 12 km 7 km...
1 answer
1. Suppose that John and Tom are sitting in a classroom containing 9 students in total....
1. Suppose that John and Tom are sitting in a classroom containing 9 students in total. A teacher randomly divides these 9 students into two groups: Group I with 4 students, Group II with 5 students (a) What is the probability that John is in Group I? (b) If John is in Group I, what is the probabili...
1 answer
Use your own words, don't copy and paste, don't use handwriting, please. i need references please...
use your own words, don't copy and paste, don't use handwriting, please. i need references please Discuss the applications of Binary Logistic Regression in Clinical Research using the case study given in the(Application of Binary Logistic Regression in Clinical Research) in a brief manner wi...
1 answer
A second separately excited DC generator has the same electrical parameters as the generator in part...
A second separately excited DC generator has the same electrical parameters as the generator in part (a) first but does not have compensating windings. The full-load demagnetising armature reaction is equivalent to 500 Ampere-turns. (i) With Radj = 63Ω and the generator is driven at 1600rpm, w...
1 answer
Help with questions 46-50 please Question 46 (Mandatory) (1 point) Quantitative research carried out in the...
help with questions 46-50 please Question 46 (Mandatory) (1 point) Quantitative research carried out in the laboratory is the best method for analyzing the processes of human interaction. 1) True 2) False Question 47 (Mandatory) (1 point) A set of respondents that is selected from a specific popu...
1 answer
Borges Machine Shop, Inc., has a 1-year contract for the production of 225.000 gear housings for...
Borges Machine Shop, Inc., has a 1-year contract for the production of 225.000 gear housings for a new off-road vehicle. Owner Luis Borges hopes the contract will be extended and the volume increased next year. Borges has developed costs for three alternatives. They are general-purpose equipment (GP...
1 answer
How do you draw electron orbital diagrams?
How do you draw electron orbital diagrams?...
1 answer
Prigress holes. of team cient ut is ely, ns, is Activity K Think About It! Briefly...
prigress holes. of team cient ut is ely, ns, is Activity K Think About It! Briefly answer the following question in the space provided. You are caring for Mrs. Wilson, who has been admitted to a hospital for the treatment of hypertension. One morning, Mrs. Wilson tells you that she feels dizzy when ...
1 answer
Swift Delivery is a small company that transports business packages between New York and Chicago. It...
Swift Delivery is a small company that transports business packages between New York and Chicago. It operates a fleet of small vans that moves packages to and from a central depot within each city and uses a common carrier to deliver the packages between the depots in the two cities. Swift Delivery ...
1 answer
3. Gains from trade Consider two neighboring island countries called Euphoria and Contente. They each have...
3. Gains from trade Consider two neighboring island countries called Euphoria and Contente. They each have 4 million labor hours available per week that they can use to produce jeans, corn, or a combination of both. The following table shows the amount of jeans or corn that can be produced using 1 h...
1 answer
Swifty, Inc. manufactures ergonomically designed computer furniture. Swifty uses a job order costing system. On November...
Swifty, Inc. manufactures ergonomically designed computer furniture. Swifty uses a job order costing system. On November 30, the Work in Process Inventory consisted of the following jobs: Job CC73 Computer Caddy, 23,000 units, $970,000 accumulated cost Job CH291 Chair, 16,000 units, $434,000 accumul...
1 answer
Question 5 Let V be a subspace of R100, and let S be a set of...
Question 5 Let V be a subspace of R100, and let S be a set of vectors such that y = = span(S). (S is a spanning set for V.) Build a matrix A using the vectors of S as columns. The dimension of V must be equivalent to all of the following EXCEPT: the number of nonzero rows in a REF of A the number of...
1 answer
Two augmented matrices for two linear systems in the variables x, y, and z are given...
Two augmented matrices for two linear systems in the variables x, y, and z are given below. The augmented matrices are in reduced row-echelon form. For each system, choose the best description of its solution If applicable, give the solution. 8 (loo 8 0106 001 -4 The system has no solution. The syst...
1 answer
(a) A Butterworth filter is represented in s-domain circuit as shown in Figure Q. 2 (a)....
(a) A Butterworth filter is represented in s-domain circuit as shown in Figure Q. 2 (a). Proof that the transfer function, H(jo) of the filter can be represented by: Hjo)- 1+j 1 where w and we are the angular frequency and the fixed cutoff angular frequency, respectively. R Y(5) 1/sc Figure Q.2 (a) ...
1 answer
Could someone please answer this?! I’ve been waiting for my other one for almost 5 hours...
Could someone please answer this?! I’ve been waiting for my other one for almost 5 hours . c) Calculate your actual yield of sodium acetate (in grams): Mass of reaction (#3) sodium acetate mass of beaker after the reaction (#9)- mass of beaker and boiling stones before Actual yield of sodiu...