Answer:
$1,685
Explanation:
The computation of the average cost per unit is shown below:
= (Beginning inventory units × price per unit + purchase inventory units × price per unit + purchase inventory units × price per unit + purchase inventory units × price per unit ) ÷ (Beginning inventory units + purchase inventory units + purchase inventory units + purchase inventory units )
= (10 units × $60 + 25 units × $65 + 30 units × $68 + 15 units × $75) ÷ (10 units + 25 units + 30 units + 15 units)
= ($600 + $1,625 + $2,040 + $1,125 ) ÷ (80 units)
= ($5,390 units) ÷ (80 units)
= $67.375 per unit
Now the ending inventory equals to
= Ending inventory units × average cost per unit)
= 25 units × $67.375 per unit
= $1,685
Answer:
<em>Rodney Cashman's fund is worth $ 465,862.95 after investing for the past 18 years.</em>
Explanation:
Given: Number of periods - 18 years * 4 quarters = 72
Periodic payment - $2,000
Interest Rate - 11.5%
Formula: FV of Annuity= p [(1+ r/m)n-1/ (r/m)]
Where:
P - Periodic Payment
r - interest rate
n - number of periods
m - compounding period
FV of Annuity =$ 465,862.95
The following day I can send it off a couple advertising
Answer:
Production= 25,250 units
Explanation:
Giving the following information:
Sales= 25,000 units
ending inventory= 700 units
beginning inventory= 450 units
To calculate the required production for the period, we need to use the following formula:
Production= sales + desired ending inventory - beginning inventory
Production= 25,000 + 700 - 450
Production= 25,250 units