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
murzikaleks [220]
3 years ago
12

During 2021, a company sells 500 units of inventory for $95 each. The company has the following inventory purchase transactions

for 2021:Calculate cost of goods sold and ending inventory for 2021 assuming the company uses the weighted-average cost method

Business
1 answer:
Kryger [21]3 years ago
6 0

Answer:

cost of goods sold = $36,285

ending inventory = $1,742

Explanation:

when you use the weighted average cost method you have to calculate the COGS using the total number of units and the total amount paid for them.

beginning inventory = 71 units for $5,325

purchase 1 = 262 units for $18,864

purchase 2 = 187 units for $13,838

total 524 units for $38,027

cost per unit = $38,027 / 524 units = $72.57

cost of goods sold = 500 units x $72.57 = $36,285

ending inventory = 24 units x $72.57 = $1,741.68 ≈ $1,742

You might be interested in
Tempest Enterprises began operations on January 1, 20x1, with all of its activities conducted from a single facility. The compan
Ray Of Light [21]

Answer:

100% will be included in the Income Statement

Explanation:

Always remember that the depreciation calculated for the accounting period can be apportioned as per the International Accounting Standard IAS 2, which says that expenses must be classified in a manner that results in the truth & fairness of the Financial Statements. This means that if depreciation calculated is $500 then the whole of this depreciation will be expensed out in the income statement. It's 20% might go to selling activities, 35% to administrative activities, and 45% to manufacturing activities.

<h3><em>B</em><em>ut remember that the depreciation calculated for the accounting period would be expensed out by $500 in the income statement, for the period generated.</em></h3>
3 0
2 years ago
In a suburban community outside a city in Alabama, a retail store opened that specialized in dancewear for children and adults.
Masja [62]

Answer:

a. the sociocultural segment

Explanation:

Since in the question it is mentioned that the retail store is opened that deals in dancewear for children and adults. Also, it became successful for five years but after that in the local newspaper it makes an expose that it was selling briskly to a specific clientele with respect to the scanty lingerie due to which it lost most of its customers and therefore it is closed

So in this given situation, it is a sociocultural segment as the company's wants to take care of the society along with its business or there should be a corporate social responsibility. Also the trust of the customers, goodwill cannot bring back, etc

Therefore the correct option is A.

8 0
3 years ago
What is marketing as a source of data​
masya89 [10]

Answer:

Primary data sources include information collected and processed directly by the researcher, such as observations, surveys, interviews, and focus groups. Secondary Data Collection. Secondary data sources include information retrieved through preexisting sources: research articles, Internet or library searches, etc. Exmaple of preexisting sources modern is something named 'remarketing'. What makes remarketing different from standard Display and Search advertising which is used in a targeting collation.

Remarketing consists of using a special tracking code to place cookies on the browsers of people visiting your website, and then serving ads to those with that cookie, specifically, on the Display and Search network. It can be a very powerful component of a PPC campaign.

The main point with remarketing is that you want to find those people who have shown enough interest in your products or services to visit your website. These people are more likely to perform whatever activity you’re considering a conversion compared to people who have not yet been to your website.

Explanation:

PPC = Pay per click

3 0
3 years ago
The two types of distribution channels are direct and ________________.
Umnica [9.8K]
The answer is (Indirect).
8 0
3 years ago
Read 2 more answers
You are evaluating two different silicon wafer milling machines. The Techron I costs $245,000, has a three-year life, and has pr
sveticcg [70]

Answer:

Techron I . According to the calculations, Techron I reports a better performance.

Explanation:

Techron I

Cost of Machine = $245,000

Useful Life = 3 years

Annual Depreciation = Cost of Machine / Useful Life

Annual Depreciation = $245,000 / 3

Annual Depreciation = $81,666.67

Salvage Value = $40,000

After-tax Salvage Value = $40,000 * (1 - 0.22)

After-tax Salvage Value = $31,200

Annual OCF = Pretax Operating Costs * (1 - tax) + tax * Depreciation

Annual OCF = -$63,000 * (1 - 0.22) + 0.22 * $81,666.67

Annual OCF = -$31,173.33

NPV = -$245,000 - $31,173.33 * PVIFA(10%, 3) + $31,200 * PVIF(10%, 3)

NPV = -$245,000 - $31,173.33 * 2.4869 + $31,200 * 0.7513

NPV = -$299,084.39

EAC = NPV / PVIFA(10%, 3)

EAC = -$299,084.39 / 2.4869

EAC = -$120,263.94

Techron II:

Cost of Machine = $420,000

Useful Life = 5 years

Annual Depreciation = Cost of Machine / Useful Life

Annual Depreciation = $420,000 / 5

Annual Depreciation = $84,000

Salvage Value = $40,000

After-tax Salvage Value = $40,000 * (1 - 0.22)

After-tax Salvage Value = $31,200

Annual OCF = Pretax Operating Costs * (1 - tax) + tax * Depreciation

Annual OCF = -$35,000 * (1 - 0.22) + 0.22 * $84,000

Annual OCF = -$8,820

NPV = -$420,000 - $8,820 * PVIFA(10%, 5) + $31,200 * PVIF(10%, 5)

NPV = -$420,000 - $8,820 * 3.7908 + $31,200 * 0.6209

NPV = -$434,062.78

EAC = NPV / PVIFA(10%, 5)

EAC = -$434,062.78 / 3.7908

EAC = -$114,504.27

5 0
3 years ago
Other questions:
  • The last time he flew Jet Value Air, Juan's plane developed a fuel leak and had to make an 4) emergency landing. The time before
    7·1 answer
  • Bruce Church, Inc. is a company engaged in extensive commercial farming in Arizona and California. A provision of the Arizona Fr
    12·1 answer
  • Why do employers prefer employees with good work ethics? A. because an employee with good work ethics will always be a team play
    8·1 answer
  • Jill Scott is an accountant with Cameron and Associates, a law firm in downtown Seattle. The firm maintains a checking account w
    14·1 answer
  • The price of peanut butter increased by 25% and the quantity of jelly demanded decreased by 50%. Using one decimal place and the
    14·1 answer
  • The time value of money refers to the fact that a dollar received today is worth less than a dollar promised at some time in the
    12·1 answer
  • The stage in the product life cycle when competitors enter the market is known as the _____ stage. Select one: a. Maturity b. Gr
    12·2 answers
  • Crosley Company, a machinery dealer, leased a machine to Dexter Corporation on January 1, 2020. The lease is for an 8-year perio
    14·1 answer
  • A food worker suspects there are mice in the food establishment.
    15·2 answers
  • Why do people establish their own business?​
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!