D(1)=13 d(n)=d(n-1)+17

A firm which prepares its financial statements according to U.S. GAAP and uses a periodic inventory system had the following tra

saveliy_v [14]

Answer:

B. $4,342 using weighted average.

Explanation:

Note: The data in this question are merged together. They are therefore sorted before answering the question. See the attached pdf file for the complete question with the sorted data.

The explanation to the answer is now given as follows:

Also note: See the attached excel file for the calculations of cost of sales using FIFO, LIFO and Weighted Average methods (in red color).

First In First Out (FIFO) refers to the inventory method whereby the inventory items purchased first are sold first.

Last In First Out (LIFO) refers to the inventory method whereby the inventory items purchased last are sold first.

Weighted average cost method refers an inventory costing technique whereby the average cost per unit is calculated by dividing the total cost of the goods available for sale by the total number of units available for sales.

From the question, we can obtained:

Total Tons (000s) Sold = May Sales + November Sales = 5 + 3 = 8

From the attached excel file, we have:

Weighted average unit cost = Total Cost ($'000s) / Total Tons (000s) Available for Sales = 5,970 / 11 = $542.73

Cost of sales under weighted average = Total Tons (000s) Sold * Weighted average unit cost = 8 * $542.73 = $4,342

Therefore, from the attached excel file and the calculations above, the correct option is B. $4,342 using weighted average.

Download xlsx

xlsx

pdf

4 0

3 years ago

What is the minimum value of the box-and-whisker plot?

natka813 [3]

Answer:

A;36

Explanation:

So lets recall the different parts of a box and whisker plot.

The dot at the very right end of it is the maximum, where the largest number is.

After that, the box to the right is the upper quartile.

On the left, the box on the left is the lower quartile.

In between the right and left of the box is the median, which seperates the upper quartile by the lower quartile.

Finally, we have the dot farthest to the left, which is the minimum.

So on our box and whisker chart, lets look at the dot farthest to our left, since thats the minimum.

This should be 36.

Hope this helps! ;)

8 0

3 years ago

The donut stop acquired equipment for $19,000. the company uses straight-line depreciation and estimates a residual value of $3,

alexandr402 [8]

The change in accounting estimates such as the life and residual value of a depreciable asset should be applied prospectively. During years 1 & 2, the depreciation is $4,000. However, at the end of year 2, the life of the asset was changed to 6 years and residual value is reduced to $1,200.

Thus, the depreciation starting year 3 is $2,450 computed as:

Cost of asset $19,000
Less: Depreciation (2 years) 8,000
Book Value $11,000
Divide by remaining life 4 years
Depreciation $2,750

6 0

4 years ago

Read 2 more answers

Sparrow co. is currently operating at 80% of capacity and is currently purchasing a part used in its manufacturing operations fo

cestrela7 [59]

The answer to the following question is that there will be a $1,600 that will be added to the cost. The differential cost is defined to be the dissimilarity or the difference between the various alternative decisions or business decisions.

5 0

3 years ago

SEND HELP ASAP 10 points

Yakvenalex [24]

Answer:

A

Explanation:

One year headstart

4 0

3 years ago