1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ede4ka [16]
2 years ago
13

Erpetual Inventory Using Weighted Average

Business
1 answer:
crimeas [40]2 years ago
7 0

The weighted average unit cost is $10.61.

The cost of goods sold on October 29 is  $2,122.39.

The inventory on October 21 is $3138.

<h3>What is the average weighted cost?
</h3>

The weighted cost of goods sold = [(310 x 9) + ($12 x 360)] / (360 + 310)

(2790 +4320) / 670  

7,110 / 670 = $10.61

Cost of the goods sold on October 29 =  average unit cost x number of goods sold

$10.61 x 200 = $2,122.39

Inventory on October 21 = ending inventory  x average cost

ending inventory = total inventory - total inventory sold

  • total inventory = 310 + 360 = 670 units
  • total inventory sold = 170 + 200 = 370 units
  • ending inventory = 670 - 370 = 300 units

Inventory on October 21 = 300 units x 10.61 = $3,183

To learn more about average weighted cost, please check: brainly.com/question/15231142

#SPJ1

You might be interested in
Clyde contracts with Deephole Excavation, Inc., to dig an agricultural pond on his farm. Deephole is to keep the excavated grave
Inessa05 [86]

Answer:

Answer is option b i.e. Discharged.

Explanation:

Discharge of a contract takes place either on completion of a contract or when a contract is terminated due to various reasons like; discharge by mutual agreement, discharge by the impossibility of performance, discharge of contract due to lapse of time, discharge by operation of law, and discharge by breach of contract. Here, in the given case, the contract between Clyde and Deephole Excavation Inc. is discharged by the operation of law as the court has ordered to halt the digging further.

5 0
3 years ago
What is the incidence of a tax?
maksim [4K]

A tax incidence is an economic term for the division of a tax burden between buyers and sellers. Tax incidence is related to the price elasticity of supply and demand. When supply is more elastic than demand, the tax burden falls on the buyers.

6 0
3 years ago
Read 2 more answers
Leon is not very quick to purchase innovative products when they come out, but after a while he breaks down and buys if after mo
Dima020 [189]
Leon is best described as late majority, who are usually influenced by group norms. You can see that here as well - he didn't plan on buying that product, but he was influenced by the group of people around him, his friends, who have all bought it and recommend it to Leon to buy as well. He is "late" because he didn't purchase it immediately, but belongs to the majority, because most people will buy the product nevertheless. 
7 0
3 years ago
The major portion of the monthly payment is used to pay off the principal. True
adoni [48]
This is true.................
4 0
3 years ago
Which of the following statements is a valid critique of rational choice theory?A. People will rarely choose the acceptable opti
ohaa [14]

Answer:

B. People do not like to act predictably, even with perfect information.

Explanation:

Rational choice theory states that people tend to make logical calculations when they are trying to make choices. This is aimed at making sure that choices made are in line with their objectives.

The expectation is to provide the individual with greatest satisfaction.

Therefore people choose the optimal solution and not just the acceptable one.

The individual's ability to conduct analysis can limit their rationality.

However the statement that people do not act rationally even with perfect information is in conflict with the rational choice theory

4 0
3 years ago
Other questions:
  • According to our discussion in class, two reasons why capital may not flow to poor countries are that the poorer countries may:_
    11·1 answer
  • Which kind of advertising aims at increasing sales by informing the public of a company's capabilities?
    12·1 answer
  • The manager of Gilbert Company used the production cost report to compare budgeted costs to actual costs and then based bonuses
    7·1 answer
  • Which of the following correctly defines the consumer​ market? A. ​Manufacturers, resellers, and consumers B. Consumers and the
    7·1 answer
  • "Sippy was thinking of buying Christich’s house. Henoticed watermarks on the ceiling, but the agentshowing the house stated that
    10·1 answer
  • Dorothy Taylor has won a state lottery and will receive a payment of $93,000 every year, starting today, for the next 20 years.
    7·2 answers
  • Galvanized Products is considering purchasing a new computer system for their enterprise data management system. The vendor has
    7·1 answer
  • What do you need to make land and natural resources?
    7·1 answer
  • Three recent college graduates have formed a partnership and have opened an advertising firm. Their first project consists of ac
    5·1 answer
  • The process through which a product or service takes root initially in simple applications at the bottom of a market and then mo
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!