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ser-zykov [4K]
3 years ago
13

The following lots of a particular commodity were available for sale during the year:Beginning inventory 10 units at $60First pu

rchase 25 units at $65Second purchase 30 units at $68Third purchase 15 units at $75The firm uses the periodic system and there are 25 units of the commodity on hand at the end of the year.What is the amount of the inventory at the end of the year using the average cost method?$1,685$1,575$1,805$3,705
Business
1 answer:
krok68 [10]3 years ago
3 0

Answer:

$1,685

Explanation:

The computation of the average cost per unit is shown below:

= (Beginning inventory units × price per unit + purchase inventory units × price per unit + purchase inventory units × price per unit + purchase inventory units × price per unit ) ÷ (Beginning inventory units + purchase inventory units + purchase inventory units + purchase inventory units )

= (10 units × $60 + 25 units × $65 + 30 units × $68 + 15 units × $75) ÷ (10 units + 25 units + 30 units + 15 units)

= ($600 + $1,625 + $2,040 + $1,125   ) ÷ (80 units)

= ($5,390 units) ÷ (80 units)

= $67.375 per unit

Now the ending inventory equals to

= Ending inventory units × average cost per unit)

=  25 units × $67.375 per unit

= $1,685

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Answer:

the sales in dollars sell to generate the target income is $183,334

Explanation:

The computation of the sales in dollars sell to generate the target income is shown below:

= (Fixed cost + target income) ÷ (selling price - variable cost) ÷ selling price

= ($25,000 + $66,667) ÷ ($30 - $20) ÷ $20

= $91,667 ÷ 50%

= $183,334

Hence, the sales in dollars sell to generate the target income is $183,334

8 0
3 years ago
Bissell Company received the following reports of its defined benefit pension plan for the current calendar year: PBO Plan asset
ivanzaharov [21]

Answer:

$205,200

Explanation:

              Calculation of Pension Expense

Service Cost                                         $198,000

Interest cost                                          $33,000

Expected return on the plan assets    <u>($25,800)</u> (258000*10%)

Pension Expense                                  <u>$205,200</u>

So therefore, the pension expense for the year is $205,200.

4 0
3 years ago
If the complement of a probability p'(x) = 0.25, what is the probability
professor190 [17]

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Hence,

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3 0
1 year ago
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SpyIntel [72]

Answer:

Structural

Explanation:

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3 years ago
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\mathrm {Hey, there!}

Your answer is:

It is too difficult to compete with major retailers like Target and Best Buy.

When a lot of people buy things from a store, there is a lot of turbulence in many stores, espeically in big retailers. The answer will be It is too difficult to compete with major retailers like Target and Best Buy.

Best of Luck!

8 0
3 years ago
Read 2 more answers
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