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
djyliett [7]
3 years ago
5

Davidson Electronics has the following: Units Unit Cost Inventory, Jan. 1 5,000 $ 8 Purchase, April 2 15,000 10 Purchase, Aug. 2

8 20,000 12 If Davidson has 7,000 units on hand at December 31, the cost of ending inventory under the average-cost method is ______
Business
1 answer:
arlik [135]3 years ago
4 0

Answer:

$71,400

Explanation:

Average cost method uses a simple average of all items as follows:

Total cost = (15000 x 8) + (15000x 10) + (20000 X 12) = $510,000

Total inventory = 15000+15000+20000 =50,000

Average cost  = total cost  / total inventory = 510000/50000

= $10.2

Cost of ending inventory =  7000 units x $10.2 = $71400

You might be interested in
In an emergency situation, such as a life-threatening trauma in an emergency room, a supervisor must be:_______.
weqwewe [10]

Answer:

d. direct and assertive.

Explanation:

In an emergency situation, such as a life-threatening trauma in an emergency room, a supervisor must be direct and assertive.

When there's an emergency situation, this ultimately implies a life and death situation which is typically characterized by having someone being in a very critical and dangerous condition. In order to be able to save such an individual or situations, it is very important and essential to have a direct and assertive supervisor who is in charge or control of the emergency situation and capable of making quick decisions that would most likely salvage the situation.

A supervisor who is assertive is confident, bold and positive about his or her instructions in any situation, which is a prerequisite quality to overcome emergencies.

8 0
3 years ago
20 POINTS !!!!! Based on your budget, which transportation option is the best financial decision for you? Explain your answer in
patriot [66]
Engenuity said to have

1. Option A is not the best choice, because the monthly payments will be too high.

2. Option B is not a good choice, because it requires too high of an up-front cost, and the mileage restriction might be a problem.

3. Option C is the best choice for my budget, and it will allow me to own a car outright once the loan is repaid.
5 0
4 years ago
Read 2 more answers
At the end of the period, the balance left in the factory overhead account is equal to the
katrin2010 [14]

Answer:

d.total factory overhead cost variance.

Explanation:

In manufacturing accounting, at the beginning of the period, manufacturing overheads (i.e. costs other than Direct Material and Direct Labor) has been applied to Work-in-process using a predetermined overhead rate. At the end of the period, if the manufacturing overhead account shows a debit balance, that signifies that overhead has been under-applied (i.e. the manufacturing overhead cost applied to work in process is <u>less </u>than the actual manufacturing overhead cost for the period), and contrariwise if the manufacturing overhead account shows a credit balance, it means the overhead is over-applied (i.e. the manufacturing overhead cost applied to work in process is <u>more </u>than the actual manufacturing overhead cost for the period). In any case this balance warrants an adjustment to close out the books, by transferring it to the cost of goods sold account.

6 0
3 years ago
Listed below are several transactions that took place during the first two years of operations for the law firm of Pete, Pete, a
NARA [144]

Answer:

Answer in Attachment

Explanation:

Download xls
8 0
3 years ago
The first step in the process of organizing a business is to
Hitman42 [59]

Answer:determine the work that needs to be done

Explanation:

5 0
3 years ago
Other questions:
  • ____ act as the export sales department for a manufacturer. Group of answer choices International freight forwarders Shippers as
    13·1 answer
  • White Lion Homebuilders has a current stock price of $22.35 per share, and is expected to pay a per-share dividend of $2.03 at t
    10·1 answer
  • Which of the following would usually be found on a job cost sheet under a normal cost system? Actual direct material cost Actual
    13·2 answers
  • Identify the helping​ verb: How many tacos will you​ eat?
    7·2 answers
  • Lowering the costs is one of the objectives of the production and logistics function of an international firm. true or false
    11·1 answer
  • Everyone in the organization has a stake in how information is processed and managed.
    6·1 answer
  • Nico is saving money for his college education. He invests some money at 99​%, and ​$17001700 less than that amount at 4 %.4%. T
    12·1 answer
  • PLEASE HELP ME!!!!!
    5·1 answer
  • Assume that on July 1, 2019, a parent company paid $1,504,800 to purchase a 75% interest in a subsidiary's voting common stock.
    8·1 answer
  • Comparative financial statements in which each individual financial statement amount is expressed as a percentage of a base amou
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!