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Darina [25.2K]
3 years ago
12

Determine the ending inventory using the periodic inventory system and the weighted average inventory cost flow method (round an

swers to the nearest cent), assuming 18 units were sold during the period. Date Item Units Cost Total January 1 Beginning inventory 5 $3 $15 January 12 Purchase 10 4 40 January 18 Purchase 8 5 40 Totals 23 $95 a.$20.65 b.$26.40 c.$95.00 d.$74.34
Business
1 answer:
Lady bird [3.3K]3 years ago
4 0

Answer:

$22.85

Explanation:

PARTICULARS             UNIT    COST   TOTAL COST

Beginning Inventory      5           3                 15

Purchases                      10          4                 40

Purchases                       8          5                 40

Sales                               18        

Ending Inventory             5                              15

Weighted Average Cost = Total Costs of Goods Available for Sale/ Total Units = 105/23 = 4.57

Ending Inventory = 5 units x 4.57 = $22.85      

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In general, occupations in which many people are employed have more openings than occupations in which few people are employed?
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3 0
3 years ago
The future value and present value equations also help in finding the interest rate and the number of years that correspond to p
vichka [17]

Answer:

i=4%

Explanation:

this problem is possible to solve applying the principle of future value, keep in mind the next formula:

FV=PV*(1+i)^{n}

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the difference here is that we must solve n so we can do:

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4 0
3 years ago
Perry, Quincy, and Renquist had shared profits and losses in a ratio of 2:4:4. Liquidation expenses were expected to be $8,000.
ch4aika [34]

Answer:

Any amount above $88,000

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$ 95,00

Cash                              $90,000

liquidation expenses    ($8,000)

<u>Liabilities                    ($170,000)</u>

net                               ($88,000)

The partnerships needs to sell its noncash assets for at least $88,000 to cover its liquidation costs and liabilities. Any additional cash received through the sale of the noncash assets should be distributed in the liquidation ratio 2:4:4.

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5 0
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