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
zzz [600]
3 years ago
11

Glasgow Enterprises started the period with 80 units in beginning inventory that cost $7.50 each. During the period, the company

purchased inventory items as follows: Purchase No. of Items Cost 1 200 $ 9.00 2 150 $ 9.30 3 50 $ 10.50 Glasgow sold 220 units after purchase 3 for $17.00 each. What is Glasgow's ending inventory under weighted-average (rounded)?
Business
1 answer:
Citrus2011 [14]3 years ago
3 0

Answer:

The cost of ending inventory is $2340

Explanation:

Under the weighted average method of inventory valuation, we value the ending inventory based on the weighted average of all the available inventory for the period. The inventory available for the period includes the beginning inventory plus the purchases for the period.

The weighted average cost of inventory can be calculated by adding the total cost of available inventory and dividing it by total number of units of available inventory.

The weighed average cost of inventory per unit for Glasgow is,

Total cost = 80 * 7.5 + 200 * 9 + 150 * 9.3 + 50 * 10.5  =  $4320

Total number of units = 80 + 200 + 150 + 50  = 480 units

Weighted average cost per unit = 4320 / 480  =  $9 per unit

The units of ending inventory are = 480 - 220 = 260 units

The cost of ending inventory is = 260 * 9 = $2340

You might be interested in
Once every __________, the Census Bureau does a comprehensive survey of housing and residential finance.
Amanda [17]
Once every 10 years search it up if I am wrong
5 0
3 years ago
one way yo u can grow as an employee is seek _____wich can both positive or negative information about your performance.
pshichka [43]
The answer to the following question:

<span>One way yo u can grow as an employee is seek _____wich can both positive or negative information about your performance.

is:

evaluation/feedback</span>
4 0
3 years ago
Read 2 more answers
What are some non-monetary costs of attempting to eliminate risks? loss of life loss of productivity loss of time.
NikAS [45]

Some non-monetary costs of attempting to eliminate risks a are  time costs, search costs, and psychological costs .

Non-Monetary cost is a cost which a buyer pays other than money, to acquire a thing.The non-monetary price of acquiring a product comprises the time spent looking for it and the risk taken that it will provide the desired benefits.    

 

Non-monetary costs are another type of sacrifice that customers feel when they purchase and use a service. When deciding whether to purchase a service or repurchase it, time costs, search costs, and psychological costs are frequently taken into consideration and may occasionally be more significant considerations than monetary price.

The psychological expenses associated with receiving these services are the most distressing non-monetary charges. Fear of rejection (bank loans), fear of not understanding (insurance), and worry of uncertainty (including fear of high cost) are all examples of fears.

To learn more about non-monetary costs here

brainly.com/question/1068495

#SPJ4

6 0
1 year ago
The replacement cost of an inventory item is below the net realizable value and above the net realizable value less the normal p
Andrews [41]

Answer:

D. Replacement cost.

Explanation:

As we know that the inventory should be recorded at the cost or market value whichever is lower

Given that

Original cost is less than the net realizable value subtract the profit margin

So we assume the following figures

Original cost $10

Net realizable value 9

Replacement cost 8

NRV less normal profit margin 7

As if we compare the original cost and replacement cost so the lower value is of replacement cost

hence, the same is to be considered

Therefore the correct option is D.

4 0
2 years ago
Crane Company distributes to consumers coupons which may be presented (on or before a stated expiration date) to grocers for dis
777dan777 [17]

Answer:

Liability of un-redeemed coupons Pending on December 31, 2018 is $60,000

Explanation:

Coupon already expired issued on Jan 01, 2018      

Coupon issued on 07/01/2018                                 <u>$830,000</u>

Estimated redeemable coupon value - 50%           $415,000

($830,000 * 50%)

Less : Disbursed                                                        <u>$355,000</u>

Liability pending on Dec. 31, 2018                         <u>$60,000</u>

4 0
3 years ago
Other questions:
  • Suppose you have a choice between investing in a savings account that pays an 8.6% APR, compounded monthly (Bank Monthly) and on
    12·1 answer
  • When XYZ firm entered the market for good A two years​ back, it kept the price of its product low to attract customers away from
    13·1 answer
  • Which of the following could have caused the variance
    12·1 answer
  • What happened to stock prices on october 19, 1929?
    11·1 answer
  • Consider luxury weekend hotel packages in las vegas. When the price is $250, the quantity demanded is 2,000 packages per week. W
    7·1 answer
  • Sylvia Taylor talks about the company’s Total Rewards program, the goal of which is to compensate employees at a competitive lev
    12·2 answers
  • Determine if the situation below is a safe practice: Marcus hasn't worked with his set of power tools in several months. He know
    5·2 answers
  • Disc uses​ activity-based costing. Two of Disc​'s production activities are kitting ​(assembling the raw materials needed for ea
    5·1 answer
  • Why is it important to use the right strategies to beat competition?:​
    8·1 answer
  • I am making marketing plan for a company can anyone help me in making swot analysis
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!