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3 years ago

In its first month of operations, Sheffield Corp. made three purchases of merchandise in the following sequence:

Business

1 answer:

lbvjy [14]3 years ago

5 0

Answer:

Weighted average cost = 8.94 per unit

Average cost = $9

Explanation:

The weighted average cost o of valuation of inventory uses weighted average price. The weighted average price is computed by dividing total cost of quantity purchased till date by the quantity purchased. This average price is impacted by the relative weight (quantity) of the batches that make up the stock till date.

This price re-computed every time a new batch is received

The weighted average price for Sheffield

= (155× $8)+(600× $8) +( 105 × $10)/(155+600+105) units

= 7690/860 units

= 8.94 per unit

Average unit cost is a simple average method. It has the problem of been influenced by extreme prices during volatile periods.

Average unit cost

= ($8 + $9 + $10)/3

= $9 per unit

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1 year ago

What are the criticisms of fiscal policy

vesna_86 [32]

Answer:

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There are several of criticism that usually found on fiscal policies.

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Government in United States were reshuffled between 2-4 years. While the effect of fiscal policies could need more than 10 years before it actually can be felt. Sometimes, fiscal policies taken by previous government could create a deficit that had to be handled by the next government after the election.

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For the past year, Kayla, Inc., has sales of $46,382, interest expense of $3,854, cost of goods sold of $16,659, selling and adm

grandymaker [24]

Answer:

$15,266

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Less: Cost of goods sold $16,659

Gross profit $29,723

Less: Selling & administrative expense $11,766

Less: Depreciation $6,415

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Less: Interest expenses $3,854

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3 years ago

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Lapatulllka [165]

Answer:

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