1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kkurt [141]
3 years ago
14

A company had the following purchases during its first year of operations: Purchases January: 18 units at $128 February: 28 unit

s at $138 May: 23 units at $148 September: 20 units at $158 November: 18 units at $168 On December 31, there were 58 units remaining in ending inventory. These 58 units consisted of 10 from January, 12 from February, 14 from May, 12 from September, and 10 from November. Using the specific identification method, what is the cost of the ending inventory?
Business
1 answer:
Archy [21]3 years ago
7 0

Answer:

$8,584

Explanation:

Cost of ending inventory can be calculated by multiplying the remaining units of the given month by their purchase cost in the following month

DATA

Total remaining units n ending inventory = 58 units

10 from January at $128

12 from February at $138

14 from May at $148

12 from September at $158

10 from November at $168

Calculation

January  =  10 x $128       = $1,280

February = 12 x $138        = $1,656

May = 14 x $148                = $2,072

September = 12 x $158     = $1,896

November = 10 x $168      = $1,680

Cost of ending inventory = $8,584

You might be interested in
How do flexible expenses differ from fixed expenses?
Leokris [45]
Fixed expenses are expenses incurred within a given period of time e.g a month and remain constant and are not easily changed. They include monthly bills and expenses such as health insurance and life insurance. On the other hand, flexible expenses also called variable expenses include daily spending such as spending on food tea, which differ and change time to time .<span />
3 0
3 years ago
he nature of B2B markets requires ________. Group of answer choices companies to focus primarily on selling products that end up
vladimir2022 [97]

Answer:

a more personal relationship between the buyer and seller than in B2C markets

Explanation:

B2B (business-to-business) is a marketing strategy that deals with meeting the needs of other businesses, by selling products or services to the organizations for resale to other consumers, used in production of goods or for the operation of an organisation.

B2B (business-to-business) model focuses on facilitating sales transactions between businesses.

Under the B2B, the producer sells its products directly to other businesses such as wholesalers or retailers and not the end consumers.

On the other hand, the B2C market involves businesses selling their goods and services directly to the end consumers or users for personal use.

The nature of B2B markets requires a more personal relationship between the buyer and seller than in B2C markets.

6 0
2 years ago
Applicants describe how they handled specific problems and situations in previous jobs in a(n) ________ interview.
Serggg [28]
<span>Applicants describe how they handled specific problems and situations in previous jobs in a(n) behavioral structured interview.</span>
7 0
3 years ago
Great Southeast ​Company's Cash account shows an ending balance of $ 660. The bank statement shows a $ 27 service charge and an
Harman [31]

Answer:

$503

Explanation:

The computation of the adjusted cash balance is shown below:

As we know that

Adjusted cash balance is = Cash ending balance - NSF Checks - Service charge

= $660 - $130 - $27

= $503

And we do not considered the other two items as they are not impact the cash balance

Basically we applied the above formula

4 0
3 years ago
Classify each of the following items as a final good or an intermediate​ good, and classify the expenditure on each final good a
klasskru [66]

Answer:

Classification of Goods

a.           Intermediate good; Investment

b.           Final Good = Consumption

c.           Intermediate good; Investment

d.           Intermediate good = Investment

Explanation:

An intermediate good produces a final good for consumption.  Intermediate goods are used for investment to generate more resources that can be consumed in the future.  A final good, in most cases, does not require further processing.  It is consumed immediately by the buyer.

5 0
3 years ago
Other questions:
  • A company purchased a delivery truck on January 1, 2021, for $100,000. The truck has an estimated life of 10 years and an estima
    9·1 answer
  • In 1985, you received a
    11·1 answer
  • Crawford Fishing had a net income of $35,640 in 2022. They decided to pay $3,000 in dividends and keep the rest to help expand t
    8·1 answer
  • Reminder advertising is primarily used to
    6·1 answer
  • Williams Inc. is expected to pay a $5 dividend next year and that dividend is expected to grow at 2.5% every year thereafter. If
    11·1 answer
  • When gathering marketing intelligence, companies often use the U.S. census, which provides an in-depth look at the population sw
    5·1 answer
  • Don operates a taxi business, and this year one of his taxis was damaged in a traffic accident. The taxi was originally purchase
    11·1 answer
  • The money supply (Ms) in the economy is defined as the circulation of money (that consists of currency coins, paper notes, and b
    9·1 answer
  • means violating the rights of a copyright holder, while means taking another person's work and presenting it as your own.
    5·1 answer
  • A good investment should do one or both of which two things? a. grow in value or produce income b. raise prices or increase dema
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!