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
algol13
3 years ago
8

Niles Co. has the following data related to an item of inventory: Inventory, March 1 110 units @ $1.10 Purchase, March 7 210 uni

ts @ $2.10 Purchase, March 16 110 units @ $2.70 Inventory, March 31 160 units The value assigned to ending inventory if Niles uses "weighted average" is_______________.
Business
1 answer:
pantera1 [17]3 years ago
7 0

Answer:

The value assigned to ending inventory if Niles uses "weighted average" is $320 ( to 160 units @ $2 )

Explanation:                  Number of units    Price per unit    Total

Purchases on March 1 =         110                     $1.10               $1,21

Purchases March 7      =         210                    $2.10              $441

Purchases March 16    =         110                     $2.70              $297  

Inventory on March 31 =        160                    $2.00             $320

Weighted Average Inventory value = Accumulated Value / Total Number of units

Weighted Average Inventory value = ( 121 + 441 + 297 ) / ( 110 + 210 + 110 )

Weighted Average Inventory value = 1.997674419 = $2.00

You might be interested in
Jorge's soccer team is having its annual fundraiser. The team hopes to earn at least three times as much as it did last year. La
77julia77 [94]

Answer:

131usd is the aswer

Explanation:

87*3=131usd

3 0
3 years ago
What role did patents play in the work of inventors such as Thomas Edison? Patents protected inventors and let them profit from
umka21 [38]

<em>Patents protected inventors and let them profit from their inventions</em>

<em>~Luis~</em>

5 0
3 years ago
If there are 10 job losers, 12 job leavers, 13 reentrants, and 12 new entrants, then there are __________ unemployed persons.
nika2105 [10]
<span>Each of these categories adds to the overall unemployment total. In this case, we would add all four values to find the total number of unemployed persons. (10+12+13+12) gives a total of 47 unemployed persons in the pool. Re-entrants and new entrants might sound like they are not unemployed, but these terms, per BLS definitions, are not yet employed so they do not leave the "unemployed" ranks.</span>
8 0
3 years ago
Table 14-12 bill's birdhouses costs revenues quantity produced total cost marginal cost quantity demanded price total revenue ma
sp2606 [1]
204 is maybe the answer
6 0
3 years ago
Read 2 more answers
Leading others in cross-cultural situations is complicated. Which of the following is NOT one of the many reasons why such situa
Anastasy [175]

Leading others in cross-cultural situations is complicated. Styles of dress​ are NOT one of the many reasons why such situations can be complicated.

Cross-cultural communication is the practice of identifying both cultural groups' differences and commonalities in order to interact successfully within a particular situation.

You'll be able to express yourself with confidence and learn how to be patient with others who don't share your background if you develop cross-cultural communication skills. Additionally, it will provide you with a wonderful chance to interact with students from other countries and talk about your differences.

Learning the fundamentals of this sort of communication is the first step in overcoming obstacles and preventing misunderstandings in cross-cultural communication. These are openness, awareness, readiness, language, and humour.

Learn more about cross-cultural here:

brainly.com/question/14271958

#SPJ9

7 0
2 years ago
Other questions:
  • Whether a buyer or a seller pays more of a commodity tax depends on:
    5·2 answers
  • Explain how lowell took advantage of division of labor.
    15·1 answer
  • You are analyzing two companies that manufacture electronic toys – Like Games Inc. and Our Play Inc. Like Games was launched eig
    8·1 answer
  • In December 2015​, Apple had cash of $ 38.53 ​billion, current assets of $ 76.36 ​billion, and current liabilities of $ 76.41 bi
    8·1 answer
  • Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct
    12·1 answer
  • The _____ is the most ambitious global trade agreement ever negotiated; the agreement has reduced tariffs by one-third worldwide
    13·1 answer
  • Chris and Karen are married and own a three- bedroom home in a large Midwestern city. Their son, Christian, attends college away
    5·1 answer
  • The price of gold is currently $1,200 per ounce. The forward price for delivery in one year is $1,400. An arbitrageur can borrow
    12·1 answer
  • The interest rate effect of a decrease in the aggregate price level will increase which of the following?
    12·1 answer
  • A monopolist maximizes profits at the output at which Group of answer choices total revenue is at its greatest, assuming that th
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!