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
9966 [12]
3 years ago
12

Determine the ending inventory using the periodic inventory system and the weighted average cost method (rounded to the nearest

cent or two decimal places), assuming that 18 units were sold at a price of $14. Date Item Units Cost Total June 1 Beginning inventory 6 $5 $30 June 12 Purchase 10 6 60 June 18 Purchase 8 7 56 Totals 24 $146
Business
1 answer:
alekssr [168]3 years ago
6 0

Answer:

The ending inventory is

Units        Unit Cost        Total

6           $6,35        $38,1

Explanation:

AVCO Perpetual chart is attached.  

AVCO Perpetual chart shows purchases , sales and balance of each period. Highlighted you will find the balance at the end of every purchase or sale.  

When you have a purchase: Use the following formula to get the weighted-average cost by unit:

(P₁*Q₁)+(P₂*Q₂)/(Q₁+Q₂)

P₁ and Q₁ are the balance from operation that you made before.  

P₂ and Q₂ is the data of the new operation (new purchase)

When you have a sale: you only discount the Quantity and use the average cost by unit to get the final inventory.  

The balance at the end of June is:

Units        Unit Cost        Total

6           $6,35        $38,1

Download xlsx
You might be interested in
In 2-5 paragraphs, describe how you plan to use at least one technology you learned about in the course in order to work more ef
Wewaii [24]

I will use one the technology to boast my work output so that i can be more efficient in my business dealings and boast productivity.

<h3>What is the role of technology?</h3>

The use of technology is one that has helped a lot of business professionals to be more and more efficient in their work output.

Therefore, I will use one the technology to boast my work output so that i can be more efficient in my business dealings and boast productivity as it also helps to  keep employee information safe.

Learn more about technology from

brainly.com/question/11265745

#SPJ1

5 0
2 years ago
g Call options on IBM-listed stock options are Group of answer choices created by investors and traded on various exchanges. iss
Scorpion4ik [409]

Answer: Created by investors and traded on various exchanges

Explanation:

Call options are contracts that give the buyer the right to buy the underlying assets of the option on a particular date at a set price by exercising the option. American Call options can be exercised anytime before the date listed in the contract as well.

Call options are created by people who already own stock in the company i.e investors in IBM and traded on various exchanges such as the Chicago Board Options Exchange. It acts as a supplementary way to make income from stock if the investors do not believe that the stock price will go up thus enabling them to make income from the contract price.

8 0
3 years ago
A source document that an employee uses to report how much time was spent working on a job or on overhead activities and that is
Ira Lisetskai [31]

Answer:

Time ticket

Explanation:

A source document that an employee uses to report how much time was spent working on a job or on overhead activities and that is used to determine the amount of direct labor to charge to the job or to determine the amount of indirect labor to charge to factory overhead is called a: time ticket.

A time ticket also known as time card is type of document used to record the amount of hours an employee worked during a pay period. Time tickets come in all different shapes and sizes like the traditional time tickets that are physical cards that are stamped with starting and ending times of employees work days.

3 0
3 years ago
If the fed wishes to increase the money supply then it should: increase the required reserve ratio. increase the discount rate.
charle [14.2K]
The Fed can<span> influence the </span>money supply<span> by modifying </span>reserve requirements, which is the amount of funds banks must hold against deposits in bank accounts. ... Inopen<span> operations, the </span>Fed<span> buys and sells </span>government securities<span> in the </span>open market.If the Fed wants to increase the money supply<span>, it buys </span>government bonds<span>.</span>
5 0
3 years ago
Jack just bought a car. what risk does he face?
Oxana [17]

Jack can face multiple risks.

He can be injured or killed in a car wreck.

He can injure or kill someone in a car wreck.

Bills.

Car note.

Gas Money

Tickets.

Parking.

Hope this helps Buddy!



- Courtney

4 0
3 years ago
Read 2 more answers
Other questions:
  • Diane, a police officer, stops Tim's car for a traffic offense. While talking to Tim, she shines a flashlight into the passenger
    8·1 answer
  • Describe the Allowance for Doubtful Accounts, account:1. What type of account is it? Contra Asset Account 2. What it’s normal ba
    9·1 answer
  • B Company switched from the sum-of-the-years-digits depreciation method to straight-line depreciation in 2018. The change affect
    15·1 answer
  • Rainbow Paints Inc. is a leading paints company in Pakistan. In June 2019, the higher management of the company deliberated and
    5·1 answer
  • As is the case within all service organizations, employees at Wegmans develop a perception of the company’s service practices an
    11·1 answer
  • Western Wear has total sales of $642,100, EBIT of $93,900, net income of $50,800, current assets of $153,500, total assets of $6
    6·1 answer
  • 11. Write down the importance of marketing mix?<br>बजारशास्त्र सम्मिश्रणको महत्त्व लेख्नुहोस्<br>।​
    13·1 answer
  • About 10 years ago, the POM Pomegranate Juice brand was created by a middle-aged couple in Nebraska. Theyâre business started sm
    11·1 answer
  • What are four ethical character traits
    8·1 answer
  • Which consideration must a society address when deciding for whom to produce a potentially scarce or limited resource?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!