Irish Company Uses the Periodic Inventory System and Had the Following

question 58

Essay

Irish Company uses the periodic inventory system and had the following inventory information available: A physical count of inventory on December 31 revealed that there were 480 units on hand.
Instructions
1. Assume that the company uses the FIFO method. The cost of the ending inventory at December 31 is $__________.
2. Assume that the company uses the Average-Cost method. The cost of the ending inventory on December 31 is $__________.
3. Assume that the company uses the LIFO method. The cost of the ending inventory on December 31 is $__________.
4. Determine the difference in the amount of gross profit that the company would have reported if it had used the FIFO method instead of the LIFO method. Would gross profit have been greater or less?

Understand the significance of the effect of accommodations on other employees.

Distinguish between religious beliefs and other types of beliefs not protected under Title VII.

Comprehend the role of the EEOC and courts in determining the adequacy of religious accommodations.

Understand the concept of vicarious liability and its application in the workplace.

---

Definitions:

Mass Customizing

A manufacturing and marketing technique that combines the flexibility of personalization with the low unit costs associated with mass production.

Employment Experience

The cumulative knowledge, skills, and understanding that an individual gains through participating in the workforce.

HR Supply

The availability of human resource talent that an organization can draw upon to meet its needs.

Employee Loyalty

The dedication and commitment of an employee to the organization, often reflected in their willingness to stay with the company long-term and contribute to its success.