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
just olya [345]
3 years ago
15

Inventory records for Herb's Chemicals revealed the following: March 1, 2016, inventory: 1,000 gallons @ $7.20 = $7,200 Purchase

s: Sales: Mar. 10 600 gals @ $7.25 Mar. 5 400 gals Mar. 16 800 gals @ $7.30 Mar. 14 700 gals Mar. 23 600 gals @ $7.35 Mar. 20 500 gals Mar. 26 700 gals The ending inventory under a periodic inventory system assuming average cost (rounding unit cost to three decimal places) is:
A. $5,087.
B. $5,107.
C. $5,077.
D. $5,005.
Business
1 answer:
amid [387]3 years ago
7 0

Answer:

correct option is A. $5,087

Explanation:

given data

March 1, 2016, inventory: 1,000 gallons @ $7.20 = $7,200

Purchases                                        amount                 Sales  

Mar. 10               600 gals @ $7.25      4350          Mar. 5 400 gals

Mar. 16               800 gals @ $7.30       5840          Mar. 14 700 gals

Mar. 23              600 gals @ $7.35        4410          Mar. 20 500 gals

                                                                                    Mar. 26   700 gals

total                         3000 @7.267          21800

cost of good sold   2300 @ 7.267         16714

so

balance is =  3000 - 2300 = 700 @ 7.267

ending inventory is $5087

so correct option is A. $5,087

You might be interested in
SUB TO ME thunderoflight12 PLSSSSSSSSSSSSSSS I WILL MARK BRAINLYIST IF YOU DO FOR ALL MY THINGS
qwelly [4]
I will look at your profile and see if I can subscribe based on your content
7 0
3 years ago
Read 2 more answers
Variables that are based on some objective physical (gender, ethnicity), measurable (age, income), or other classification attri
prohojiy [21]

Answer:

Demographic segmentation

Explanation:

Demographic segmentation can be defined as a market segmentation in which variables such as gender, ethnicity, age, income, occupation of potential customers are taken into consideration.

The market is divided into segment according to age, race, religion, gender, family size, ethnicity, income, and education.

Demographic segmentation makes information such as who will buy your products, where to sell your product, how to market your product available to the producer.

It ensures that customers are well cared for. When a producer focus on a particular group of customers, they will be more committed and dedicated to satisfying their customers. Demographic segmentation ensures customer satisfaction.

6 0
3 years ago
If many firms enter the computer software industry and consequently bid up the price of programmers, then:
Lena [83]

Answer:

the correct option is C) If many firms enter the computer software industry and consequently bid up the price of programmers, then: the long-run industry supply curve will slope downward.

Explanation:

When many firm enter an industry, there is competition and the presence of multiple players will eventually cause the cost of production to decline.

In the short run,  if many firms enter the computer software industry and consequently bid up the price of programmers, then the increase in participation will increase the number of software developed.

In the long run, industry supply curve will slop downwards indicating a price reduction.

4 0
3 years ago
Explain how lowell took advantage of division of labor.
AveGali [126]
Im not sure, sorry, I wish I could help
8 0
3 years ago
What word does<br> this pattern spell?<br> g у
My name is Ann [436]
The answer is ‘beg’. Since line notes (starting from the bottom and going up on the treble clef) are E G B D F. And the space notes () are F A C E
7 0
3 years ago
Read 2 more answers
Other questions:
  • Jose deposits a $400 check in College Bank. The reserve requirement is 20%. Required reserves are $_____. Please choose the corr
    12·1 answer
  • Ruben is a shareholder of speed bikes company (sbc). when the directors fail to undertake an action to redress a wrong suffered
    6·1 answer
  • Norris Company issued 15,000 shares of $1 par common stock for $25 per share during2012. The company paid dividends of $36,000 a
    8·1 answer
  • To protect certain fledgling industries, the government of country Z banned imports of the types of products those industries we
    14·2 answers
  • John deposited $2,000, at the end of every month for 2 years in a savings account. if the account paid 6% interest, compounded m
    8·1 answer
  • Why is it important to write a business plan?
    5·2 answers
  • Side effects of anabolic steroid use in males include which of the following? A. Timidity. B. Shrinkage of sex organs. C. Greatl
    5·2 answers
  • The company's president is disappointed with the forecast and would like to see Swann generate higher sales and a forecasted net
    8·1 answer
  • Alma is in the business of dairy farming. During the year, one of her barns was completely destroyed by fire. The adjusted basis
    5·1 answer
  • a local partnership was in the process of liquidating and reported the following capital account balances: justice, capital (40%
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!