Answer:
Cost of Ending Inventory $ 47,077.74
Units on Hand 31 Jan = 4,600
Weighted Average Cost= $ 10.24per unit
Explanation:
We divide the total cost with the total number of units to get the weighted average cost per unit.
Sunland Company
Units Unit Cost Total Cost
Balance at January 1 9000 $9.70 $87300
Purchases: January 6 6000 10.35 62100
<u>January 26 8300 10.73 89059 </u>
<u>Total Units</u> 23,300 238,459
Sales January 7 (7400 )
January 31 (11300 )
Units on Hand 31 Jan = 4,600
Weighted Average Cost= Total Cost/ Total Units = 238,459/ 23,300 =
$ 10.235≅ $ 10.24
Cost of Ending Inventory = 4,600*$ 10.24= $ 47,077.74
Answer:
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<span>C.) Agriculture, Forestry, and Fishing
</span>
Those are all a source of raw materials.
The answers are the following:
1.<span>A </span>tax audit<span> is when the </span>IRS<span> decides to examine your </span>tax<span> return a little more closely and verify that your income and deductions are accurate.
2. </span><span>Compliance audit.
Construction audit.
Financial audit.
Information systems audit.
Investigative audit.
Operational audit.
<span>Tax audit.
3.</span></span>Estate taxes are taxes levied on a person's estate when that person dies. To do this, the government takes the market value of the person's property, investments, and other parts of the estate and imposes a tax on the overall estate value. The government also imposes an inheritance tax on property or assets that are passed on after someone has died and <span>bequeathed the assets to another
4.</span>If you have experience dealing with taxes, tax forms are available online and at the library or post office for you to complete yourself. (This is time consuming) If you aren’t too sure on how to do taxes, you can buy the software or go online. Lastly you could hire someone to do your taxes for <span>you.
5. </span>At the core, taxes are the mechanism by which a government is funded. Taxes pay for public education, public transportation, law enforcement, <span>and to build public roads
6. </span>If you make too much money than your income tax could be very high or if you don’t make enough and the tax is the same for everyone you could find yourself in a hole.7. -Income Taxes: Levied on the amount of money that each person earns during a calendar year. There may also be federal, state/province, and local income taxes depending on where they live.
-Excise Taxes: A federal and/or state tax on specific goods such as gasoline, tires, airfare, and cigarettes.
-Estate Taxes: Taxes levied on a person's estate when that person dies. Inheritance Taxes: A tax on property or assets that are passed on after someone has died and bequeathed the assets to another8. If you’re going to do your own taxes make sure you know what you’re doing.
