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Goshia [24]
2 years ago
15

Windsor, Inc. uses a periodic inventory system. Details for the inventory account for the month of January 2022 are as follows:

Units Per unit price Total Balance, 1/1/2022 260 $4.00 $1040 Purchase, 1/15/2022 130 ..4.60 598 Purchase, 1/28/2022 130 ..4.70 611 An end of the month (1/31/2022) inventory showed that 210 units were on hand. If the company uses FIFO and sells the units for $9 each, what is the gross profit for the month? $1890 $1270 $1520 $2790
Business
1 answer:
Hoochie [10]2 years ago
3 0

Based on the cost of the inventory to Windsor Inc, and the FIFO method, the gross profit for the month is C. $1,520

<h3>What is Windsor's gross profit?</h3>

FIFO means that the earlier goods are sold first.

210 units were left on hand which means that none of the Purchase on the 28th of January was sold.

The 15th Janaury purchase sold:
= 130 - (210 - 130)

= 50 units

The sales revenue is therefore:

= (260 + 50) x 9

= $2,790

The cost is:

= (260 x 4) + (50 x 4.60)

= $1,270

Gross profit is:

= 2,790 - 1,270

= $1,520

Find out more on FIFO at brainly.com/question/24137318.

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According to the theory of comparative advantage, countries and the world gain from trade because quizlet
sergejj [24]

 According to the theory of comparative advantage, countries and the world gain from trade because Exports give a country a political advantage over other countries that export less.

Trade is the voluntary exchange of goods or services between economic agents. Transactions are generally assumed to benefit both parties, as they are consensual. In finance, trading refers to the buying and selling of stocks and other assets.

Trade is central to ending global poverty. Countries open to international trade tend to grow faster, innovate, be more productive, and provide higher incomes and more opportunities for their people. Open trade also benefits low-income households by providing consumers with more affordable goods and services.

The question is incomplete. Please read below to find the missing content.

According to the theory of comparative advantage, which of the following is not a reason why countries trade?

a. Comparative advantage.

b. Costs are higher in one country than in another.

c. Prices are lower in one country than in another.

d. The productivity of labor differs across countries and industries.

e. Exports give a country a political advantage over other countries that export less.

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brainly.com/question/17727564

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3 0
2 years ago
Plus Company uses the estimate of receivables method of accounting for uncollectible accounts. Plus Co. estimates that $4412 of
Darina [25.2K]

Answer:

$4,412

Explanation:

If the company estimates that $4,412 of accounts receivables will be uncollectible, then it must record that number under the Allowance for Bad debts Account.

That account started the year with a $3,284 balance, it decreased by $1,826 (debt written off), and then must be adjusted by crediting $2,954 so its balance = $4,412 on December 31.

3 0
3 years ago
The amount of product available to the market is known as which of the following? Demand Interest Supply Resources
Natalka [10]

Answer:

Supply

Explanation: I had to the Economics Cencepts-Assessment ll for DECA today. I got all my answers off a quizlet...

3 0
3 years ago
The researcher wants to investigate whether carpet makes a difference in the mean bacterial concentration in air. the null and a
expeople1 [14]

The researcher wants to investigate whether carpet makes a difference in the mean bacterial concentration in air. the null and alternative hypotheses would be:

H0: The mean of the carpeted rooms = the mean of the uncarpeted rooms

Ha: The mean of the carpeted rooms ≠ the mean of the uncarpeted rooms

The attention of bacteria majorly depends on the awareness of inoculum, incubating temperature, and the metabolic country of inoculated pressure used. The bacterial concentration suspended in growth media may be calculated.

In idea, you could listen to cells through filtration or centrifugation, but likely no greater than a hundredfold. for your case, you're asking to concentrate by 10,000 fold. So you sincerely might want to develop denser cultures of cells. You can centrifuge your modern broth and resuspend the pallet in a clear broth.

In microbiology, the minimal inhibitory attention (MIC) is the lowest concentration of a chemical, generally a drug, which prevents the visible boom of a bacterium or bacteria.

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8 0
1 year ago
Walnut has forecast sales for the next three months as follows: July 4,900 units, August 6,900 units, September 8,000 units. Wal
Andreas93 [3]

Answer:

the budgeted selling and administrative expenses for July is $64,100

Explanation:

The computation of the budgeted selling and administrative expenses for July is shown below:

= Budgeted selling & admin cost + (per unit sold × July units)

= $20,000 + ($9 × 4,900 units)

= $20,000 + $44,100

= $64,100

hence, the budgeted selling and administrative expenses for July is $64,100

We simply applied the above formula

3 0
2 years ago
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