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
Marta_Voda [28]
3 years ago
6

A company has a beginning inventory of​ $50,000 and purchases during the year of​ $150,000. The beginning inventory consists of​

3,000 units and​ 8,000 units were purchased during the year.​ 3,780 units remain in ending inventory. The cost of the ending inventory using the average minus cost method will​ be: (Round any intermediary calculations to two decimal places and your final answer to the nearest​ dollar.)
Business
1 answer:
myrzilka [38]3 years ago
8 0

Answer: $66,938

Explanation: The beginning inventory is calculated thus:

$50,000 / 3000 units = $16.67

while the purchases during the period is:

$150,000 / 8000 units = $18.75

Ending inventory value using average minus cost method is thus:

Ending inventory= 3,780

Average cost = $16.67+18.75= $35.42

Cost of ending inventory = $35.42/2=17.71

Ending inventory cost = $17.71 * 3,780=66,938

You might be interested in
A company must decide if it will make or buy an item it needs. The company can make the item for $10 per unit, but must invest $
Bezzdna [24]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

Unitary variable cost= $10

Total fixed costs= $15,000

Selling price= $12

The break-even point analysis shows the number of units required to cover for the fixed costs.

To calculate the break-even point in units, we need to use the following formula:

Break-even point= fixed costs/ contribution margin

Break-even point= 15,000/ (12 - 10)= 7,500 units

5 0
4 years ago
Read 2 more answers
according to the basic dcf stock valuation model, the value an investor should assign to a share of stock is dependent on the le
Temka [501]

Answer:

T

Explanation:

7 0
3 years ago
Sharon purchases two products, X and Y, with a given fixed budget. The marginal utility she receives from the last unit of X she
lorasvet [3.4K]

Answer:

The correct answer is option A.

Explanation:

Sharon in consuming two goods X and Y.  

The price of X is $2 and that of Y is $1.  

The marginal utility derived from consuming X is 60 utils and from consuming Y is 30 utils.  

For profit-maximization the ratio of marginal utility and price should be equal for both goods or the marginal utility of money spent on both goods should be equal.  

The ratio for good X

= \frac{MUx}{Px}

= \frac{60}{2}

= 30  

The ratio for good Y

= \frac{MUy}{Py}

= \frac{30}{1}

= 30  

Since the ratio is same for both the goods it implies that Sharon is maximizing her total utility.

3 0
4 years ago
Why the economy sees business cycle fluctuations rather than slow, smooth growth is a central issue of ______.
____ [38]

The financial system sees commercial enterprise cycle fluctuations in preference to slow, easy boom is a crucial trouble of Economic shocks.

The required details for Economic shocks in given paragraph

An financial surprise refers to any extrude to fundamental macroeconomic variables or relationships that has a considerable impact on macroeconomic effects and measures of financial performance, which includes unemployment, consumption, and inflation. Shocks are regularly unpredictable and are generally the end result of occasions concept to be past the scope of regular financial transactions. Economic shocks have full-size and lasting outcomes at the financial system, and, in accordance to actual commercial enterprise cycle theory (RBC), are concept to be the foundation purpose of recessions and financial cycles. Economic shocks are random, unpredictable occasions which have a full-size effect at the financial system and are due to matters outdoor the scope of financial models.

Economic shocks may be labeled with the aid of using the financial area that they originate from or with the aid of using whether or not they mainly affect both deliver or demand. Because markets are connected, the outcomes of shocks can pass via the financial system to many markets and feature a main macroeconomic effect, for higher or worse.

To know about Economic shocks click here

brainly.com/question/29704208

#SPJ4

6 0
1 year ago
Need help in personal finance.
N76 [4]
Current market conditions
8 0
3 years ago
Other questions:
  • How can international trade agreements lead to economic growth
    7·1 answer
  • Exact Photo Service purchased a new color printer at the beginning of 2018 for $42,700. The printer is expected to have a four-y
    11·1 answer
  • Buying goods or services instead of producing or providing them in-house is called:
    14·1 answer
  • A company that uses the perpetual inventory system purchases inventory for $64,000 on account, with terms of 2/10, n/30. Which o
    11·1 answer
  • Sheridan Corporation had net sales of $2,414,200 and interest revenue of $35,800 during 2020. Expenses for 2020 were cost of goo
    5·1 answer
  • A five-year security was purchased two years ago by an investor who plans to resell it. The security will be sold by the investo
    12·1 answer
  • Which is an example of a long-term goal? Group of answer choices I will pay my cell phone bill on time this month. I will train
    12·1 answer
  • ---------- control sets the price below the market equilibrium in order to make products more affordable.​
    11·1 answer
  • Factors affecting communication in a an organization
    9·1 answer
  • Causes that may lead have led to the business closure
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!