Answer:1. $7720
2. $7945
3. $7758
Explanation: 1. First in First out method which means the first inventory to be purchased by company will be the first to be sold.
Total cost of Sales = Total number of units Sold * Total Cost of inventory sold
= 100units*$5+ 300units*$5.30+ 200units*$5.35 + 450units*$5.60
=$7720
Total units sold=1450 we started from first inventory which was the balance of inventory of 100 units downwards up to the 1450th unit sold that was purchased on the 26th of April by the company.
2. Last in first out method is where the last bought inventory is sold first.
Total cost of sales= Total number of units sold * Total cost of units sold =200units$*5.80+ 600units*$5.60+ 200units*$5.35+300units*$5.30+150units*$5.1
=$7945
Total units sold still 1450 but we calculated the cost from the last purchased unit from 30th April to the 1450th unit sold which was on the 12th of April.
3. Average Cost = (Sum of all costs/Total number of costs)* total units sold
= (($5+$5.1+$5.3+$5.35+$5.6+$5.8)/6)* 1450
=$7769.58
Answer:
hey what's up pick me up at took your picture a picture pick a picture
Explanation:
why you phone number give me phone number Chen. I will call you you married
You need to upload a picture of the full question or write it down so it can be seen
Answer:
A) True
Explanation:
Calling population is the population of potential customers.Calling population can either be an infinite population or a finite population. To determine the difference between finite and infinite population, is their respective arrival rates as well as its effect in the system.
In an infinite population, its arrival rate is usually not affected by the number of customers already in the system. The system here, is an open system because customers arrive outside the system and leave the system only after the work has been completed. But in a finite population, its arrival rate is usually affected by the number of customers in the system. The system here, is a closed system and therefore, customers do not leave the system but only navigates from one server or queue to another.
