Question

4. Johnson Company reports the following for the month of January
Date
Description
Units
Cost per Unit
Total Cost
January 1 Inventory
400
S2000
12 | Purchase
800
6
4800
23Purchase
600
7
4200
31 Inventory
200
Instructions
Compute the cost of the ending inventory and the cost of goods sold under (1) FIFO and (2) LIFO.
b. Which costing method gives the higher ending inventory? Why?
Which method results in the higher cost of goods sold? Why?​

Answer 1

Answer:

Given :-

75% of total 1500 are boys.

⅓ are boys

And No. of girls = 40%

To find :-

Total students

Solution :-

No. of boys :-

75% of 1500

75/100 × 1500

75 × 15

1125 boys

Now,

Numbers of girls = 1500 - 1125

=> 375

Total spectacles =>

⅓ × 1125

375

In girls

40/100 × 375

4/10 × 375

150

Total students that wear spectacles = 150 + 375 = 525

\begin{gathered} \\ \end{gathered}

like this method you want to use this