Fifo - Study guides, Class notes & Summaries

Provides in-depth summary of Managerial Chapters which include Chapter 16 (Introduction, direct & indirect costs, prime & conversion costs, Cost of Goods Sold, Unit Product Cost), Chapter 22 Budgets (strategic v operational, flexible budget, master budget, sales budget, production budget, direct materials budget, direct labour budget, cost of goods sold budget, manufacturing overhead budget, selling and administrative expense budget, cash budget), Chapter 18 Process Costing (job order v process ...

Food Protection Course NYC Exam (2023/ 2024 Update) Questions and Verified Answers| 100% Correct Q: Places that use vacuum, modified atmosphere, or sous-vide packaging must do what? Answer: Must first have permission from the nyc dohmh Q: Dry foods should Answer: Be dry (no moisture), no contamination, no rodent marks Q: Shellfish tags must be filed in order of delivery date and kept for a period of 90 days from when? Answer: When the product is used up ...

2nd Exam BMCC Financial Accounting (FIFO, LIFO, Weighted Average) | Questions & Answers (100 %Score) Latest Updated 2024/2025 Comprehensive Questions A+ Graded Answers | With Expert Solutions

In what order should food be stored/put away? - ANSWER-1) Refrigerated 2) Frozen 3) Dry What does FIFO stand for? - ANSWER-First In First Out Dry goods should be stored within what temperature range? - ANSWER-50ﾟ-70ﾟ Upon delivery, frozen foods must be: - ANSWER-Solid to the touch Cardboard boxes should always be: - ANSWER-Broken down before being thrown in the dumpster How often should the inside of trash containers be washed? - ANSWER-Everyday When is it acceptable to k...

1. FIFO - July 1 90 units @60= May 1 110 units @70= Nov 1 100 units @80= -------------------------- 300 units= 21,000 FIFO= 11,000 2. LIFO - July 1 90 units @60= May 1 110 units @70= Nov 1 100 units @80= -------------------------- 300 units= 21,000 LIFO= 129,000 3. AVG COST - AVG= 11956 70*170 July 1 90 units @60= May 1 110 units @70= Nov 1 100 units @80= - July 1 90 units @60=May 1 110 units @70= Nov 1 100 units @80= -------------------------- 300 units= 21,000 EI= 130 (CGS...

Well-structured MAC3701 Assignment 1 (ANSWERS) 2023 - DISTINCTION GUARANTEED . (DETAILED ANSWERS - DISTINCTION GUARANTEED!). .... Question 1 Complete Marked out of 1.00 QUIZ Tshintsha (Pty) Ltd is a manufacturer of three types of inverters namely grid-tied, off-grid and hybrid inverters. Tshintsha uses an absorptioncosting system. The following information is available for the fi nancial year ended 29 February 2024: Product Grid-tied Off-grid Hybrid Budgeted number of inverters produc...

The Test Bank for Financial Accounting: The Impact on Decision Makers, 7th Edition by Porter and Norton is designed to help students deepen their understanding of financial accounting concepts and practice for exams. This test bank provides a wide array of questions that mirror the content and structure of the textbook, assisting students in mastering the material needed to make informed decisions based on financial information. Key Features of the Test Bank: Comprehensive Coverage: The test...

Copyright © 2022 WILEY Kieso, Intermediate Accounting, 18/e, Solutions Manual (For Instructor Use Only) 5-1-1 Complete Solution Manual and Instructor Resource for Intermediate Accounting, 18th Edition 18th Edition, by Donald E. Kieso, Jerry J. Weygandt and Terry D. Warfield. ISBN- Chapter 1 Financial Accounting and Accounting Standards Assignment Classification Table (By Topic) Topics Questions Brief Exercises Exercises Critical Thinking 1. Environment of accounting, principles, ...

A correct answers QN=1 Merchandise inventory includes: a. All goods owned by a company and held for sale. b. All goods in transit. c. All goods on consignment. d. Only damaged goods. e. All goods in the stores of company. E correct answers QN=2 Costs included in the Merchandise Inventory account can include: a. Invoice price minus any discount. b. Transportation-in. c. Storage. d. Insurance. e. All of these. E correct answers QN=3 During a period of steadily rising costs,...

AAMI Accounting 2 Final Exam with Certified Solutions The concept that prices rise over time Inflation Another term for sales Revenue Sales - Cost of Goods Sold Gross Profit In an inflationary period what method of inventory valuation would lower profits LIFO In an inflationary period what method of inventory valuation would increase profits FIFO In a deflationary period what method of inventory valuation would lower profits FIFO In a deflationary period what method of in...