Answer: A purchase of supplies for cash is recorded in the cash payments journal.
Answer:
Explanation:
New selling price = $110 - $10
= $100
New sales level = 1,000 units x 150%
= 1,500 units
Net operating income = 1,500 units × Selling price of $100 per unit - 1,500 units × variable expense of $60 per unit - $30,000 + $5,000
= $25,000
Therefore, the net operating income after the changes is $25,000.
I think the answer is A.
Gary should work in Manufacturing Production Process Development
Caton should work in Logistics and Inventory Control
Eva should work in Production
Tam should work in Maintenance, Installation and Repairs.
Answer:
$45,990
Explanation:
The Weighted Average Cost Method, calculates a new Unit Cost with every purchase that is made. This is applicable to perpetual Inventory method. In this case we are required to use the <u>periodic Inventory method</u> (<em>Sheffield does not maintain perpetual inventory records</em>). Thus our Unit Cost is calculated from Inventory available for Sale.
Step 1
<u>Units Available For Sales Calculation :</u>
Opening Balance 9,200
Add Purchases (6,400 + 7,900) 14,300
Units Available for Sale 23,500
Less Units Sold (7700 + 11300) (19,000)
Ending Inventory Units 4,500
Step 2
<em>Unit Cost = Total Cost ÷ Units Available for Sale</em>
= ($89,516 + $65,984 + $84,609) ÷ 23,500
= $10.22
Step 3
<em>Ending Inventory = Units in Stock × Unit Cost</em>
= 4,500 × $10.22
= $45,990
<span>The </span><span>invention that </span><span>most helped to make the shift to large plantations throughout the Deep South profitable was the cotton gin. </span>
