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SIZIF [17.4K]
3 years ago
14

Determining gross profit using the weighted average cost flow method assumes that the cost of the units sold a. is a weighted av

erage of the purchase cost of all units. b. is costed the same as the ending inventory, that is using a weighted average of the purchase cost of all units. c. Neither of these choices is correct. d. Both of these choices are correct.
Business
1 answer:
11Alexandr11 [23.1K]3 years ago
5 0

Answer: the correct answer is d. Both of theses choices are correct.

Explanation:

Determining gross profit using the weighted average cost flow method assumes that the cost of the units sold is a weighted average of the purchase cost of all units and is costed the same as the ending inventory, that is using a weighted average of the purchase cost of all units.

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ullbright Company sold goods to Blue Dirt Company for $400,000 in exchange for a 4-year, zero-interest-bearing note with a face
GrogVix [38]

Answer:

The amount of Sales Revenue Fullbright should recognize in 2017 is $400,000

Explanation:

The total value of $629,406 of the note includes the amount of interest revenue which would be $229,406 which is gotten from (629,406-400,000). The value of sales revenue will be $400,000

The amount of Sales Revenue Fullbright should recognize in 2017 is $400,000

7 0
4 years ago
Pina Colada Corp. had beginning inventory of $16500 at March 1, 2017. During the month, the company made purchases of $71500. Th
patriot [66]

Answer:

The cost of goods sold is $68970

Explanation:

The cost of goods sold is the cost of inventory that a company sells in a partcular period.

The cost of goods sold can be calculated as,

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Cost of Goods Sold = 16500 + 71500 - 19030  = $68970

4 0
3 years ago
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garik1379 [7]

Answer:

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Explanation:

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In this case, Keystone Foods focuses on business-to-business (B2B) markets since it provides intermediate goods to other companies that later processes them into final goods that are purchased by final consumers.

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4 years ago
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Answer:

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3 years ago
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Ruth is taking ASVAB exam. Match each question with the correct section.
ValentinkaMS [17]

Answer: See explanation

Explanation:

Here's the complete question:

Ruth is taking ASVAB exam. Match each question with the correct section

Arithmetic Reasoning

Electronics Information

General Science

Question

Section

How is an object's weight related to its

mass?

How many 44-passenger buses will it

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Arithmetic Reasoning - How many 44-passenger buses will it take to carry 100 people?

Electronics Information - What does a transformer do?

General Science - How is an object's weight related to its mass?

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3 years ago
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