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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

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the European Central Bank (ECB) should engage in a contractionary monetary policy

Explanation:

A contractionary monetary policy takes place when a central bank (or the Fed) reduces the money supply in order to cool down the economy, lower inflation rate or like in this case, wants to offset expansionary fiscal policy.

The central bank initially raises the interest rates and starts selling more securities in order to absorb cash from the markets.

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We discussed the invasions of the Roman world by various Germanic tribes in the fifth century and the Arab-Islamic conquests of
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3 years ago
The government has the ability to influence the level of output in the short run using monetary and fiscal policy. There is some
Gwar [14]

Answer:

Option B                                  

Explanation:

In simple words, A policy of stabilisation refers to the package or group of indicators that have been presented to normalize a financial sector or economic system. The term may relates to initiatives in two separate situations: convergence of the economic cycle or stabilisation of its credit crunch. It is one type of unilateral strategy in any situation.

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7 0
3 years ago
Store A uses the newsvendor model to manage its inventory. Demand for its product is normally distributed with a mean of 500 and
Llana [10]

Answer:

maximum profit = $7500

so correct option is c  $7500

Explanation:

given data

mean = 500

standard deviation = 300

cost = $10

price = $25

Inventory  salvaged = $5

to find out

What is its maximum profit

solution

we get here maximum profit that is express as

maximum profit = mean × ( price - cost )   ..................................1

put here value in equation 1 we get maximum profit

maximum profit = mean × ( price - cost )

maximum profit = 500 × ( $25 - $10 )

maximum profit = 500 × $15

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3 years ago
Barney Googal owns a garage and is contemplating purchasing a tire retreading machine for $12,820. After estimating costs and re
UNO [17]

Answer:

the present value is $13,588.97

Explanation:

The computation of the present value of the retreading operation is shown below:

As we know that

Present value = Future value ÷  (1 + rate of interest)^time period

= $2,700 ÷ 1.09^1 + $2,700 ÷ 1.09^2 + $2,700 ÷ 1.09^3 + $2,700 ÷ 1.09^4 + $2,700 ÷ 1.09^5 + $2,700 ÷ 1.09^6 + $2,700 ÷ 1.09^7

= $13,588.97

Hence, the present value is $13,588.97

5 0
2 years ago
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