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
Alla [95]
3 years ago
14

Hull Company’s record of transactions concerning part X for the month of April was as follows.

Business
1 answer:
olga55 [171]3 years ago
4 0

Answer:1. $7720  

2. $7945

3. $7758

Explanation: 1. First in First out method which means the first inventory to be purchased by company will be the first to be sold.  

Total cost of Sales   = Total number of units Sold * Total Cost of inventory sold    

                                  = 100units*$5+ 300units*$5.30+ 200units*$5.35 + 450units*$5.60

                                   =$7720

Total units sold=1450  we started from first inventory which was the balance of inventory of 100 units downwards up to the 1450th unit sold that was purchased on the 26th of April by the company.

2. Last in first out method is where the last bought inventory is sold first.

Total cost of sales= Total number of units sold * Total cost of units sold =200units$*5.80+ 600units*$5.60+ 200units*$5.35+300units*$5.30+150units*$5.1

=$7945

Total units sold still 1450 but we calculated the cost from the last purchased unit from 30th April to the 1450th unit sold which was on the 12th of April.

3. Average Cost = (Sum of all costs/Total number of costs)* total units sold

                     = (($5+$5.1+$5.3+$5.35+$5.6+$5.8)/6)* 1450

=$7769.58

You might be interested in
Adam, the owner of adam's roofing, was talking to a visitor in his office, telling her that "we are a fun-loving group that beli
juin [17]
<span>adam was referring to his company's: Organizational culture

Company's organizational culture is a shared of value and principles that shared by all members of the companies.
This value and principles will influence every aspect of company's operation and how they deal with the problems that they face.</span>
3 0
3 years ago
Proponents of the notion of a "political business cycle" suggest that: 
A. The standardized budget is a better indicator of the
andreyandreev [35.5K]

Answer:

C. A possible cause of economic fluctuations is due to the use of fiscal policy for political purposes.

<em>Explanation:</em>

<em>During political business cycles the ups and downs of the economy are best explained through analyzing public policy. In a political business cycle we should expect that there will be some manipulations when using policy to try to make the politicians appear more competent than they are. In 1972, the Nixon administration basically increased the Social Security payments made to Seniors by 20%, 1972, was of course an election year, so the Nixon administration manipulated economic fluctuations due to his fiscal policy.</em>

<em />

4 0
3 years ago
What is the term given to mortgage loan costs such as pest inspections, survey fees, and title insurance?
vichka [17]

Answer:

Services the borrower did shop for, that the buyer may find on his own.

Explanation:

Services such as a pest inspection or title insurance are services that the buyer of a house usually want, but are not mandatory for them to purchase. Therefore usually buyers must search for them on their own since they are not required by a bank.

They are different than services that a lender requires like home insurance, which a buyer must purchase.

3 0
3 years ago
What does the sarbanes-oxley act of 2002 "require the ceo and cfo to do"?
Dafna11 [192]

The Sarbanes-Oxley Act of 2002 requires the CEO (Chief Executive Officer) and the CFO (Chief Financial Officer) to personally certify the accuracy of the financial statement that the company has filed with the Securities and Exchange Commission  as members of senior management.

4 0
3 years ago
What is the term for the business trend that seeks to simplify and integrate all forms of communication?
Goryan [66]
<span>Unified Communications is the term for the business trend that seeks to simplify and integrate all forms of communication. It's an evolving set of technologies that automate and unify through reduced latency, flow management, and elimination of device and media dependencies.</span>
5 0
3 years ago
Other questions:
  • Which of the following correctly describes NIMS? A. A communications plan. B. A static system used during large-scale incidents.
    14·2 answers
  • The price of the candy corporation stock will generally increase when there is:
    12·1 answer
  • the follwing choices are groups of nations with mixed economies in which choice is the free market most dominant
    15·1 answer
  • Asking questions about the employer during an interview _____. makes you seem uninformed takes the focus off your qualifications
    10·2 answers
  • Which of the following is true of flow shop processes? a. They use different sequence of processing steps for different orders.
    12·1 answer
  • Live Trap Corporation received the data below for its rodent cage production unit.
    9·1 answer
  • Q 20.27: Liberty Bicycles currently sells unassembled bikes for $240 each. The variable production costs for each bike are $35 a
    5·1 answer
  • Bronze Tint declares cash dividends of $ 28 comma 000 for 2018. How much of the dividends goes to preferred​ stockholders? How m
    11·1 answer
  • On January 1, Wei company begins the accounting period with a $43,000 credit balance in Allowance for Doubtful Accounts. On Febr
    8·1 answer
  • marquis suites shows movies in a living room atmosphere with comfortable chair and food and beverage service it deliverately cha
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!