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nignag [31]
3 years ago
11

If during the current year, liabilities of hayden travel decreased by $50,000 and owners' equity increased by $75,000, then:

Business
1 answer:
lara [203]3 years ago
3 0
The answer is "then <span> assets increased during the year by $25,000".

</span><span>liabilities of Hayden travel decreased by = $50,000 
</span><span>owners' equity increased by = $75,000
</span>assets increased during the year = $75,000 - $50,000
= $25,000
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Assume that we use a perpetual inventory system and that five identical units are purchased at the following dates and costs: Ap
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Cost of goods sold on April 25 is $13.80 and the inventory balance is $55.20

Explanation:

Data given:total unit

Cost of purchase with  data;

Date                  Amount

April 5                 $10

April 10                $12

April 15                $14

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Total cost             69    

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The cost of the ending inventory is given on the balance sheet below

Date      Purchases              Cost of            Inventory Bal.   Avg Cost

                                            goods sold

April 5   $10* 1 unit= $10                -                        $10               10/1 = $10

April  10  $12* 1 unit=$12               -               10+ 12 = 22            22/2 = 11

April  15   $14* 1 unit=$14                  -           22+14 =36              36/3 = 12

April 20   $16* 1 unit= $16                  -          36 +16 =52            52/4 = 13

April 22    $17* 1 unit = $17                 -          52+17 =69            69/5 = 13.8

April 25             -           1 unit*13.8 = 13.80      69 - 13.8 = 55.20

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