LoBianco Company LoBianco Company LoBianco Company LoBianco Company LoBianco Com

Question

LoBianco Company LoBianco Company LoBianco Company LoBianco Company LoBianco Company LoBianco Company's record of transactions for the month of April was as follows. Assuming that periodic inventory records are kept, compute the inventory at April 30 using LIFO and average cost. (Round answer to 0 decimal places, e.g. $2,760.) Assuming that perpetual inventory records are kept in both units and dollars, determine the inventory at April 30 using FIFO and LIFO. (Round answer to 0 decimal places, e.g. $2,760.) Compute cost of goods sold assuming periodic inventory procedures and inventory priced at FIFO. In an inflationary period, which inventory method-FIFO, LIFO, average cost-will show the highest net income?

Explanation / Answer

As a rule USPS First Class International will be your cheapest way to ship then most likely followed by UPS Worldwide Saver or USPS Priority. A lot will depend on the weight and destination of the shipment along with the carrier. In the event you can us a USPS Flat Rate envelope or box it will most likely be the best choice. Especially if you are sending something that may weigh a lot. But USPS does not offer insurance to all foreign locations and I believe UPS is limited as to how much they will insure so you would need to check the websites for that information. USPS has a good website to figure postage as does UPS. I would say compare the two and go with the cheaper choice but I prefer USPS and have used them with good results.

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