The cost of ending inventory at the conclusion of an accounting period is calculated using the weighted average inventory costing method.
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How is the cost of discontinuing inventory calculated?</h3>
- The cost of ending inventory at the conclusion of an accounting period is calculated using the weighted average inventory costing method. The idea behind this approach is to give all inventory units an average cost.
- In this scenario, the average of the purchase costs from April 5 to April 22 would be taken and multiplied by the number of remaining units to get the cost of the ending inventory on the balance sheet.
- The five pieces cost a total of $69 ($10 + $12 + $14 + $16 + $17) between April 5 and April 22. The remaining four units would make up the ending inventory as one unit was sold on April 25.
- Therefore, $17.25 ($69 divided by 4) would be the price of the closing inventory. As the cost of the ending inventory, this sum would be shown on the balance sheet.
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Ionic charge increases from left to right in periodic table which results in a decrease in ionic radius.
Ionic charge is the electrical charge of an ion formed when when an atom gains or losses electron.
Metals form ionic charge (cation) by the loss of electron while non-metal form ionic charge (anion) by the gain of electron.
- This ionic charge increases across the group and consequently, results in a decrease of ionic radius.
- When a positive ion (cation) transfers electron to the negative ion (anion) an Ionic bond will be formed.
<u>For example</u>;
- ionic charge of group 1 elements = +1
- ionic charge of group 2 elements = + 2
- ionic charge of group 3 elements = + 3
- ionic charge of group 4 elements (carbon group) = -4 or +4, (<em>they don't usually form ions</em>)
- ionic charge of group 5 elements = -5
- ionic charge of group 6 elements = -6
- ionic charge of group 7 elements = -7
Thus, we can conclude that ionic charge increases from left to right in periodic table which results in a decrease in ionic radius.
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