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
Luden [163]
3 years ago
5

Assume Hadley Co has the following purchases of inventory during the first month of operations Number of Units Cost per unit Fir

st Purchase 310 3 Second Purchase 220 4.9 Assuming Hadley sells 290 units at $11 each, what is the value of her ending inventory if she uses weighted average
Business
1 answer:
Ivanshal [37]3 years ago
8 0

Answer:

Ending inventory cost= $948

Explanation:

Giving the following information:

First Purchase=  310 units for  $3 each

Second Purchase= 220 units for $4.9 each

Units sold= 290

First, we need to calculate the weighted average cost:

Weighted average cost= (3 + 4.9)/2= $3.95

Ending inventory (units)= 240 units

Now, ending inventory cost:

Ending inventory cost= 240*3.95= $948

You might be interested in
Consider a risky portfolio. The end-of-year cash flow derived from the portfolio will be either $70,000 or $200,000 with equal p
astra-53 [7]

Answer:

$118,421

Explanation:

first we must calculate the expected value of the risky portfolio = ($70,000 x 0.5) + ($200,000 x 0.5) = $135,000

since your risk premium is 8% and the risk free rate is 6%m then you should discount the expected value by 8% + 6% = 14% to determine its current market price

= $135,000 / (1 + 14%) = $118,421

7 0
3 years ago
What are the four requirement of valid contract
timurjin [86]

Four requirements for a valid contract are an offer, acceptance by the other party of the offer, a mutual agreement or meeting of the minds of the contracting parties and a valid consideration.

3 0
3 years ago
Feinstein, Inc., an appliance manufacturer, is developing a new line of ovens that uses controlled-laser technology. The researc
MariettaO [177]

The research and testing costs associated with the new ovens is said to arise from a product-sustaining activity.

Explanation:

Product-sustaining activities are carried out where appropriate to facilitate the production of each product type. Types of design-sustaining practices include product requirements, technical improvements and special testing procedures.

Such costs may be assigned to each commodity but are not proportional to the number of manufactured units or quantities. Organisation-sustaining operations support the overall production cycle of an organisation.

The ventilation and maintenance of the building, the protection of the facility and the administration are examples of safe facilities.

Products are allocated the costs for the operations at a unit level, batch level and component level depending on the consumption of each commodity. Goods are distributed randomly or viewed as time expense for purpose of facility-sustaining operations.

6 0
3 years ago
Identify whether the following paragraph uses a direct, indirect, or semi-indirect organizational pattern.
Anna007 [38]

Answer:

Correct answer is B that is <u>Indirect Organizational Pattern</u>

6 0
3 years ago
Read 2 more answers
The ________ is determined by the amount by which government spending exceeds government revenue in a fiscal year. budget defici
Amiraneli [1.4K]

The answer to this question is Budget Deficit. Budget Deficit shows that the government spending is exceeding the government revenue in a year. In order to resolve the problem in budget deficit the government should cut the expenditures or the government spending and find a way to increase revenue of the country.

8 0
3 years ago
Other questions:
  • During 2018, Cary and Bill incurred acquisition debt on their residence of $1,300,000. They also borrowed $200,000 on a home equ
    15·1 answer
  • Claxton Company purchased a van on January​ 1, 2018, for​ $820,000. The estimated life of the van was five​ years, and its estim
    15·1 answer
  • Barry customizes Harley-Davidson motorcycles. No two cycles are alike. He notices that very few customers even ask the price of
    6·1 answer
  • JCS Incorporated experienced the following transactions during its first year of business. The company purchased $16,000 of merc
    5·1 answer
  • The upper-level managers of Premium Java are meeting to discuss the company's long-range goals and vision. Like any organization
    15·1 answer
  • Securitization, the process of forming new securities by bundling or slicing up groups of securities like mortgages and bonds, i
    13·1 answer
  • Which of the following is a common risk of using credit to make purchases
    11·1 answer
  • What are the three element of business equipment and resource?<br>​
    7·1 answer
  • a project has a team member who routinely is not showing up to meetings or completing assignments. the appropriate place to capt
    11·1 answer
  • The financial market history shows that the single-index capm fails empirical tests because ____________..
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!