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3 years ago

Beginning inventory, purchases, and sales for an inventory item are as follows:

Business

1 answer:

Sergio039 [100]3 years ago

5 0

Answer:

Option (D) is correct.

Explanation:

Sale from beginning inventory = (Beginning inventory - sales units) × selling price per unit

= (24 - 17) × $15

= 7 × $15

= $105

Sale from September 17th purchase:

= (Beginning inventory - sales units of Sept 5 and Sept 30) × $20

= (24 - 17 - 8) × $20

= 1 × $20

= $20

Therefore,

Cost of good sold on Sept 30 = Sale from beginning inventory + Sale from September 17th purchase

= $105 + $20

= $125

Ending inventory:

= ( Beginning inventory - Sept 5 Sale + Sept 17 Purchase - Sept 30 Sale) × per unit purchasing price

= (24 - 17 + 10 -8) × $20

= 9 units × $20

= $180

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Luther Corporation Consolidated Balance Sheet December 31, 2006 and 2005 (in $ millions) Assets 2006 2005 Liabilities and St

jeyben [28]

Answer:

Luther Corporation

Current Ratio for 2006 is closest to:

1.1 : 1

Explanation:

a) Data and Calculations:

Total Current Assets = $144 million

Total Current Liabilities = $132 million

Current Ratio = Current Assets/Current Liabilities

= $144/$132

= 1.1 : 1

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3 years ago

Maldonia has a comparative advantage in the production of sugar , while desonia has a comparative advantage in the production of

steposvetlana [31]

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3 years ago

Yellowstone Corporation has just announced the repurchase of $125,000 of its stock. The company has 39,000 shares outstanding an

puteri [66]

Answer:

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Explanation:

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3 years ago

Which of the following statement is correct? A.A change in demand is a movement along the demand curse, and a change in the quan

Alex777 [14]

Answer:

The correct answer is option D.

Explanation:

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3 years ago

Which organization developed and published the first curriculum that served as the guideline for EMT training?

bazaltina [42]

Answer:

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3 years ago