In its first month of operations, Giffin Company made three purchases of merchandise in the following sequence?
Total units bought= 330+430+530 = 1,290 Units on hand at the end of the period = 230. a) Ending inventory under FIFO (First In First Out Method) will be from the batch of 530 that cost $8 each = 8 x 230 = $1,840 b) Under the LIFO (Last In First Out) method, the ending inventory will be from the batch of 330 units which cost $5 each = 5 x 230 = $1, 150. FIFO and LIFO are alternative methods of accounting for merchandise purchased, at different times and prices, and put in the store for a period before being resold or use for production. FIFO assumes that items are used in the sequence that they are purchased i.e. the items bought first are sold/utilized first. LIFO assumes the opposite i.e. the more purchased items are used first. In a business that experiences increasing input prices (inflation) FIFO will tend to have relatively lower cost of goods sold (or lower direct material cost) but relatively higher ending inventory value. LIFO figures are the opposite i.e. higher COGS but lower ending inventory. Ending inventory is the merchandise on hand at the end of the period valued as demonstrated above. It is also the amount shown on the current asset side of the balance sheet.
Which of the following processes results in cells losing their potential to become any type of cell?
1. B 2. D 3. A 4. B 5. B 6. A 7. B 8. A 9. D 10. A 11. D 12. C 13. B 14. B 15. C 16. D 17. B 18. A 19. D 20. B 21. C 22. C 23. B 24. B 25. A
Which books are best for NABARD assistant manager grade A?
I have written nabard grade a exam this year and cleared prelims that is phase 1 but I missed my mains by few marks.Firstly let me tell you clearing phase 1 is not difficult.Its easy if you follow the right strategy.PHASE 1:Quantitative aptitudereasoning abilityEnglishGeneral awarenessComputer awarenessEconomics and social issuesAgriculture and rural development.Books which i followed:Quant- arun sharma cat bookReasoning- verbal and non verbal reasoning by RS agarwalGeneral awareness- bankersadda, gradestack gk capsules of previous 4months.Computer- very basic questions were asked .No need of any special preparation but if you would want then any computer awareness pdf on net will suffice.Eco n social issues- prathyoga darpan (6months), Ecosurvey, union budget, india year book ,Indian economy by Ramesh singh, recent schemes introduced by government.Agri n rural development- Yojana,kurukshetra of previous 6months.Otherwise a gist of yojana and kurukshetra is available on iasbaba website.A textbook of agronomy. (Take a print out of syllabus and go through each and every topic.Reading various textbooks is of no use.Read only those topics given in syllabus.If not google the topics)PHASE 2:Paper1:English- descriptive (letter writing, essay writing, precis writing, paragraph writing)Be careful Essay writing and letter writing are not general.They are subjective.You need to be thorough with the economics ,agriculture and rural development part.For example there is question like” Due to heavy rains your friend has suffered crop loss write a letter to your friend suggesting measures to be taken to compensate losses”.You dont have to worry.When you go through eco survey, yojana ,schemes introduced,you will get to know all the info.You can write letter by describing crop insurance scheme, pmkvy, soil health cards etc.You need to dot all the points that you read while going through eco n agri part.Essays can be asked like “ what are the problems to be faced in implementing deen dhayal upadhyaya grameen jyoti yojana”.Paper 2- For eco and social issues ,agriculture and rural development- again the same source that i mentioned above.But this time you need to memorise the figures from ecosurvey and budget . Do not just go through them but try to analyse and understand the topics.Thats all you need!!