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
SVEN [57.7K]
3 years ago
9

Larkspur, Inc. uses a periodic inventory system. Its records show the following for the month of May, in which 80 units were sol

d. Date Explanation Units Unit Cost Total Cost May 1 Inventory 34 $9 $306 15 Purchase 26 10 260 24 Purchase 40 11 440 Total 100 $1,006 Calculate the weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted-average unit cost $Enter the Weighted-average unit cost in dollars eTextbook and Media Calculate the ending inventory at May 31 using the FIFO, LIFO and average-cost methods. (Round answers to 0 decimal places, e.g. 125.) FIFO LIFO AVERAGE-COST The ending inventory at May 31 $Enter a dollar amount $Enter a dollar amount $Enter a dollar amount
Business
1 answer:
Stella [2.4K]3 years ago
3 0

Answer:

The average cost will be "$201". The further explanation is given below.

Explanation:

<u>At May 31,                              FIFO               LIFO                Average cost</u>

<u>The ending inventory </u>             $220               $180                    $201

Going to end Inventory Computation together under Quarterly inventory management system will be:  

At $11 = $220

  • FIFO = 20 Units

At $9 = $180

  • LIFO = 20 Units
  • Average Cost = 20 Units  

$10.06 = $201.2 i.e $201.

You might be interested in
What do individual shareholders gain when they buy shares of a company’s stock?
evablogger [386]

<span>Individual shareholders will have the right to receive dividends declared. They can sell their shares and have the right to purchase issued shares. They can vote on the directors nominated by the board. They also have the right to the remaining assets after liquidation. </span>

8 0
3 years ago
According to the law of demand consumer demand for a product will decrease if
sveta [45]

Answer:

Chicken wing jkjk

Explanation:

The law of demand is an economic principle that states that consumer demand for a good rises when prices fall while conversely, consumer demand falls when prices rise. Hope this helped!

7 0
3 years ago
Read 2 more answers
The average wholesale price a company is charging camera retailers for its models is deemed to be competitive with the average w
svp [43]

Their average wholesale price can be said to be competitive if it is below the all-company average wholesale price in that geographic region.

<h3>When is a price considered competitive?</h3>
  • It means that the price is better than others in the market for a certain good or services.
  • It is lower than the average price offered by other sellers.

The company is therefore charging a lower than average price which is why it is competitive with others because they will be forced to lower prices to maintain sales.

In conclusion, option A is correct.

Find out more on markets that allow competitive pricing at brainly.com/question/24877850.

7 0
2 years ago
The term posting means: Entering transactions in a book of original entry Transferring debit and credit amount from the journal
VARVARA [1.3K]

Answer: Transferring debit and credit amount from the journal to the ledger.

Explanation:

Posting in Accounting refers to the process of transferring debit and credit amounts from the books of original entry i.e the journals, to the relevant general ledger.

Posting to the general ledger is the third step in the Accounting Cycle and as such is very important in determining the balances to put into the Unadjusted Trial balance.  

5 0
3 years ago
When Maria temporarily left the company to obtain her master's degree with the intention of returning as a lead trainer, she was
inna [77]

Answer:

B) Sabbatical,it is a period of leave granted for higher education or travel

Explanation:

Give thanks and rate

7 0
2 years ago
Other questions:
  • "When a business establishes a web-site and begins to allow customers to" place orders online without ever coming into their sto
    7·1 answer
  • The following information is available for the first year of operations of Engle Inc., a manufacturer of fabricating equipment:
    7·1 answer
  • Which of the following is NOT part of a preforming arts career?
    8·2 answers
  • The beginning inventory for Dunne Co. and data on purchases and sales for a three-month period are as follows: Date Transaction
    11·1 answer
  • All of the following may be negotiated between a client company and a contractor EXCEPT: a. quality standards b. selection crite
    15·2 answers
  • Capacity requirements planning helps managers reconcile __________ with __________.
    13·1 answer
  • If Ben &amp; Jerry’s sold more units of its Bonnaroo Buzz Fair Trade-sourced super premium ice cream to U.S. consumers as a resu
    13·1 answer
  • The _____ is a u.s. law that prohibits u.s. companies from bribing or otherwise corrupting foreign government officials to win f
    10·1 answer
  • TUMI brand briefcases are very expensive, high-end briefcases that are generally sold in specialty luggage shops. Which of the f
    10·1 answer
  • What is it like to be a criminal in a mixed economy
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!