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anastassius [24]
3 years ago
7

Fulbright Corp. uses the periodic inventory system. During its first year of operations, Fulbright made the following purchases

(listed in chronological order of acquisition):· 40 units at $100· 70 units at $80· 170 units at $60Sales for the year totaled 270 units, leaving 10 units on hand at the end of the year. Ending inventory using the average cost method (rounded) is:Select one:a. $650b. $707c. $1,000d. $600
Business
1 answer:
Firlakuza [10]3 years ago
7 0

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Purchases:

40 units at $100·

70 units at $80·

170 units at $60

Sales for the year totaled 270 units, leaving 10 units on hand at the end of the year.

First, we need to calculate the average purchase cost.

Average cost= (100*40 + 80*70 + 60*170)/280= $70.7

Now, we can calculate the value of ending inventory:

Inventory= $70.7*10= $707

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An appropriate stock price will be $82.45 ($4.25 * 19.4).

The most common manner to price stock is to compute the organization's rate-to-income (P/E) ratio. The P/E ratio equals the enterprise's stock rate divided via its maximum lately suggested income in line with proportion (EPS). A low P/E ratio means that an investor buying the inventory is receiving an appealing amount of value.

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An inventory is a general term used to explain the ownership certificates of any organization. A proportion, on the other hand, refers to the inventory certificate of a selected organization. Protecting a specific employer's percentage makes you a shareholder.

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If a life insurance company sells a $240,000 life insurance policy with a one year term to a 25-year old lady for $210, the prob
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Answer: $112.08

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