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zimovet [89]
3 years ago
12

Monarch Company uses a weighted-average perpetual inventory system, and has the following purchases and sales: January 1 20 unit

s were purchased at $10 per unit. January 12 12 units were sold. January 20 18 units were purchased at $11 per unit.
Business
1 answer:
love history [14]3 years ago
3 0

Answer: incomplete question: what is the value of the closing inventory?

Ending inventory is $278

Explanation:

Cost of goods sold = 12 units * $10 per unit = $120

Average cost =bal of purchases on Jan 1 plus purchases on Jan 20 / ending inventory qty

= [(8 * $10) + (18 *$11)] / 26 units = $10.69/unit

Ending inventory = (8 + 18) 26 units * $10.69/unit = $277.94

Appx = $278

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3 years ago
When industries are limited by the size of the domestic market, opening trade to the world markets will likely lead to ________
kari74 [83]

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ikadub [295]

Answer:

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Cheers.

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Therefore, an individual's income will always have a part destined for consumer goods, which are essential for their health and quality of life.

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brainly.com/question/19342635

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