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prohojiy [21]
3 years ago
15

Coachlight Inc. has a periodic inventory system. The company purchased 205 units of inventory at $9.50 per unit and 310 units at

$10.50 per unit. What is the weighted average unit cost for these purchases of inventory? (Round your final answer to two decimal places.)
Business
1 answer:
lukranit [14]3 years ago
5 0

Answer:

Weighted average cost per unit = $10.10

Explanation:

We know,

Under weighted average unit cost, the cost for purchased inventory = Total inventory costs ÷ total inventory in units

Given,

Total inventory in units = 205 + 310 = 515 units

Total inventory costs = (205 units × $9.50) + (310 units × $10.50)

= $1,947.50 + $3,255 = $5,202.50

Therefore,

Weighted average cost per unit = $5,202.50 ÷ 515 units

Weighted average cost per unit = $10.10

Therefore, the company will use this cost per unit to determine cost of goods sold and ending inventory.

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An operations manager is NOT likely to be involved in:
Margarita [4]

Answer:

C. the identification of customers' wants and needs.

Explanation:

The role and the responsibilities of the operating manager are to review the day to day operations with respect to quantity, quality, design and other attributes of goods and services with a motive to satisfying the customer wants and needs.

In addition to it, it also focuses on the schedules i.e work scheduling, maintenance schedules, etc so that the work should be completed within the prescribed time.

7 0
3 years ago
In a _____ distribution structure, an importer controls a fixed supply of goods and the marketing system develops around the phi
jekas [21]

Answer:

B. traditional

Explanation:

There is this term traditional structure which reflects any activity done in its oldest and modest manner.

Basically when an importer imports goods, then he shall hold the entire right to sell those goods further, through a person he wants. When an importer controls the supply, in terms he decides as to what quantity shall be ordered and then be sold through an agent or a proper marketing system, then the distribution structure is said to be traditional.

The correct option is B.

6 0
4 years ago
Coronado Industries sells one product and uses a perpetual inventory system. The beginning inventory consisted of 77 units that
soldi70 [24.7K]

Answer:

$6745

Explanation:

Given: Beginning inventory is 77 units at the cost of $19 per unit.

            Purchased inventory is 476 units at $19 per unit.

            Sales during the month is 355 units at $45 per unit.

Now, let´s find the cost of goods sold using LIFO method.

We know, LIFO method is Last in first out, which sell out inventory, which are most recently purchased. In a period of rising prices, LIFO inventory method tends to give the highest reported cost of goods sold.

As sales unit is 355 units.

Let´s take units from recent purchased inventory.

Cost of good sold= 355\ units\times 19= \$ 6745

Hence, the cost of goods sold using the LIFO method is $6745.

7 0
3 years ago
If supply-side policies succeed, less output is produced at every price level.
Sever21 [200]

Answer:

False

Explanation:

Supply-side policies aim at increasing productivity. The government outlines measures that promote the supply-side to achieve sustainable growth without causing inflation. The policies aim at enhancing the production capacity of an economy. They increase competition by improving the quantities and qualities of the factor of production.

Supply-side policies do not promote low levels of production.  They argue that an increase in production will result in a high demand for goods and services. An increase in demand will generate more employment opportunities and promote rapid economic growth.

5 0
4 years ago
Read 2 more answers
You own a bond that has a 6 percent annual coupon and matures 5 years from now. You purchased this 10- year bond at par value wh
lubasha [3.4K]

Answer:

b. The current yield is 6 percent.

Explanation:

Using a financial calculator, input the following to find the price of this bond today;

N= 5

FV = 1,000

I = 5.8%

Coupon payment; PMT = 6%*1000 = 60

then compute price; CPT PV = 1008.47

Current yield = Coupon PMT / Current price

Current yield = 60/1008.47 = 0.059 or 6% rounded to the nearest whole number. This makes choice B correct.

7 0
4 years ago
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