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3 years ago

What is the difference between a boiled egg and earth?

1 answer:

N76 [4]3 years ago

7 0

Both have a thin, brittle shell. The crust of the earth is broken into pieces, like the cracked shell of a hard boiled egg. The mantle of the earth is like the egg white, and the core of the earth lies in the center, like the egg yolk.

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how do you work out "when sally went bowling, her scores were 108, 72, and 95. if she bowls a 4th game, what will her score need

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3 years ago

Question 3

slava [35]

a) The gross margin for March, using the moving-weighted-average method is $5,907.

Journal Entries:

March 7th

Debit Inventory $3,000

Credit Cash $3,000

Debit Cost of Goods Sold $500

Credit Inventory $500

Debit Cash $800

Credit Sales Revenue $800

March 14th

Debit Inventory $3,060

Credit Cash $3,060

Debit Cost of Goods Sold $4,032

Credit Inventory $4,032

Debit Cash $6,400

Credit Sales Revenue $6,400

March 21st

Debit Inventory $3,060

Credit Cash $3.060

Debit Cost of Goods Sold $3,036

Credit Inventory $3,036

Debit Cash $4,800

Credit Sales Revenue $4,800

March 28th

Debit Inventory $3,030

Credit Cash $3,030

Debit Cost of Goods Sold $2,525

Credit Inventory $2,525

Debit Cash $4,000

Credit Sales Revenue $4,000

b) The gross margin for March, using the first-in-first-out method is $5,920.

Journal Entries:

March 7th

Debit Inventory $3,000

Credit Cash $3,000

Debit Cost of Goods Sold $500

Credit Inventory $500

Debit Cash $800

Credit Sales Revenue $800

March 14th

Debit Inventory $3,060

Credit Cash $3,060

Debit Cost of Goods Sold $4,000

Credit Inventory $4,000

Debit Cash $6,400

Credit Sales Revenue $6,400

March 21st

Debit Inventory $3,060

Credit Cash $3,060

Debit Cost of Goods Sold $3,030

Credit Inventory $3,030

Debit Cash $4,800

Credit Sales Revenue $4,800

March 28th

Debit Inventory $3,030

Credit Cash $3,030

Debit Cost of Goods Sold $2,530

Credit Inventory $2,530

Debit Cash $4,000

Credit Sales Revenue $4,000

Workings:

Cost of Goods Sold based on Moving Weighted-Average Method

Date Description Qty Unit Cost Total Cost Ending Balance

March 1st Beginning inventory 6 $500 $3,000 $3,000

March 7th Purchases 6 $500 $3,000 $6,000 ($3,000 + $3,000)

Week 1 Cost of Sales -1 $500 $500 $5,500 ($6,000 - $500)

March 14th Purchases 6 $510 $3,060 $8,560 ($5,500 + $3,060)

Week 2 Cost of Sales -8 $504 $4,032 $4,528 ($8,560 - $4,032)

March 21st Purchases 6 $510 $3,060 $7,588 ($4,528 + $3,060)

Week 3 Cost of Sales -6 $506 $3,036 $4,552 ($7,588 - $3,036)

March 28th Purchases 6 $505 $3,030 $7,582 ($4,552 + $3,030)

Week 4 Cost of Sales -5 $505 $2,525 $5,057 ($7,82 - $2,525)

Sales revenue = 20 x $800 = $16,000

Cost of goods sold = Cost of goods available – Ending inventory

= $10,093 ($15,150 - $5,057)

Gross margin for March = $5,907 ($16,000 - $10,093)

FIFO Method:

Date Description Qty Unit Cost Total Cost Ending Balance

March 1st Beginning inventory 6 $500 $3,000 $3,000

March 7th Purchases 6 $500 $3,000 $6, 000 ($3,000 + $3,000)

Week 1 Cost of Sales -1 $500 $500 $5,500 ($6,000 - $500)

March 14th Purchases 6 $510 $3,060 $8,560 ($5,500 + $3,060)

Week 2 Cost of Sales -8 $500 $4,000 $4,560 ($8,560 - $4,000)

March 21st Purchases 6 $510 $3,060 $7,620 ($4,560 + $3,060)

Week 3 Cost of Sales -6 $3,030 $4,590 ($7,620 - $3,030)

March 28th Purchases 6 $505 $3,030 $7,620 ($4,590 + $3,030)

Week Four Cost Sales -5 $510 $2,550 $5,070 ($7,620 - $2,550)

Sales revenue = 20 x $800 = $16,000

Cost of goods sold = Cost of goods available – Ending inventory

= $10,080 ($15,150 - $5,070)

Gross margin for March = $5,920 ($16,000 - $10,080)

Thus, Velentina's gross margin or profit is the difference between its sales revenue and the cost of goods sold.

Learn more about gross margin brainly.com/question/942181

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3 years ago