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ollegr [7]
3 years ago
12

The following information was available from the inventory records of Sunland Company for January: Units Unit Cost Total Cost Ba

lance at January 1 9000 $9.70 $87300 Purchases: January 6 6000 10.35 62100 January 26 8300 10.73 89059 Sales January 7 (7400 ) January 31 (11300 ) Balance at January 31 4600 Assuming that Sunland does not maintain perpetual inventory records, what should be the inventory at January 31, using the weighted-average inventory method, rounded to the nearest dollar?
Business
1 answer:
luda_lava [24]3 years ago
8 0

Answer:

Cost of Ending Inventory  $ 47,077.74

Units on Hand 31 Jan =  4,600

Weighted Average Cost= $ 10.24per unit

Explanation:

We divide the total cost with the total number of units  to get the weighted average cost per unit.

Sunland Company

                                       Units      Unit Cost       Total Cost      

Balance at January 1       9000          $9.70            $87300

Purchases: January 6      6000          10.35              62100

<u>January 26                       8300           10.73               89059 </u>

<u>Total Units</u>                       23,300                               238,459

Sales January 7               (7400 )

January 31                        (11300 )

Units on Hand 31 Jan =  4,600

Weighted Average Cost= Total Cost/ Total Units = 238,459/ 23,300 =

$ 10.235≅ $ 10.24

Cost of Ending Inventory = 4,600*$ 10.24= $ 47,077.74

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Answer:

We always go to the store to buy food.

Explanation:

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Hope this helped <3! Brainliest? :)

5 0
2 years ago
Is there a passive form of perfect continuous tense? ​
ZanzabumX [31]
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2 years ago
John told his sister Susan that money must be able to pass from hand to hand without being easily destroyed. John is describing
WITCHER [35]

Answer:

B) Durable

<u>Multiple-choices</u>

A) Portable                                                                                                                                                                                                                                                    B) Durable

C) Divisible

D) Acceptable

Explanation:

Durability is a vital feature of money. It refers to the ability of money to be used over and over again. Durability implies that money should withstand wear and tear for a long duration. Because money is meant to circulate without limitations, it should be made to last for a considerable period.  Printing of money is an expense. To save on this cost, both notes and coins should be made durable.

4 0
2 years ago
A sportswear manufacturer is introducing a new line of sneakers. To introduce the new line, the company must pay out a fixed cos
Maurinko [17]

Answer:

Total revenue at breakeven is $1,508,042

Explanation:

Breakeven point in units  = Fixed cost / Selling price -Variable cost per unit

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In this case,  

Fixed cost= $1.5 million

Selling price =$75

Variable cost per unit =40 cents

Breakeven point in units  = 1,500,000 million/ 75 -0.4

Breakeven point in units  = 20,107

Breakeven point in units sales = 20,107 * 75

Breakeven point in units sales = $1,508,042

8 0
3 years ago
Darcy Roofing is faced with a decision. The company relies very heavily on the use of its 60-foot extension lift for work on lar
marishachu [46]

Answer:

Darcy should replace the lift

Explanation:

Scenario 1: Darcy Roofing keeps the old lift

refurbishing costs ($31,000)

no other changes in revenues or costs*

net cash flow = ($31,000)

*The $67,200 spent repairing the lift the previous year are considered sunk costs because they cannot be recovered regardless of what decision the company makes.

Scenario 2: Darcy Roofing purchases a newer lift

cost of newer lift ($132,500)

salvage value of old lift $19,500

reduced costs per year x 6 years = $22,400 x 6 = $134,400

additional rental income x 6 years = $8,000 x 6 = $48,000

net cash flow = $69,400**

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3 0
2 years ago
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