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
Feliz [49]
2 years ago
11

During January, Metro Co., which maintains a perpetual inventory system, recorded the following information pertaining to its in

ventory: Units Unit Total On Units Cost Cost Hand Balance on 1/1 1,000 $1 $1,000 1,000 Purchased on 1/7 600 3 1,800 1,600 Sold on 1/20 900 700 Purchased on 1/25 400 5 2,000 1,100 Under the moving-average method, what amount should Metro report as inventory at January 31? $3,300 $3,225 $2,640 $3,900
Business
1 answer:
kenny6666 [7]2 years ago
6 0

Answer:

Inventory= $3,300

Explanation:

Giving the following information:

1/1: 1,000units at $1  

Purchased on 1/7: 600 units at $3

Sold on 1/20: 900 units

Purchased on 1/25: 400 units at $5

What amount should Metro report as inventory at January 31

Inventory= 1,100 units* [(5+3+1)/3]= $3,300

You might be interested in
Show Stoppers is a monopoly provider of ticket services for the concerts and sporting events and their current service charge is
makvit [3.9K]

Answer:

9.50 dollars

Explanation:

The marginal revenue is the revenue generated for an additional sale.

In this case the new customer will generate an additional revenue equal to the service change to him. This amount is for 9.50 dollars. So, this is the marginal revenue for an additional sale.

The rest of the option are incorrect.

3 0
3 years ago
On July 1, 2015, Friedman Inc. invested $717,963 in a mine estimated to have 806,700 tons of ore of uniform grade. During the la
yaroslaw [1]

Answer:

The computations are shown below:

Explanation:

(a) Depletion cost per unit

Depletion cost per unit

= $717,963 ÷ 806,700 tons

= $0.89 per ton

(b) The Journal entry to record depletion expense is

Depletion Expense                   A/c Dr     $ 92,293     (103,700 tons × $0.89)

          To To Accumulated Depletion      A/c   $ 92,293

(Being the depletion expense is recorded)

(c) The cost applicable is

= 16,700 unsold units × $0.89

= $14,863  

5 0
2 years ago
For each of the following transactions, determine if Raymond Corporation has earned revenue during the month of May and, if so,
kompoz [17]

Answer:In the month of May, Revenue was only earned from Customer C $3,400 and customer D, $2,300. Revenue was not earned from Customers A and B in the month of May. Therefore, total revenue is $5,700.

Explanation:In accordance with the principle of revenue recognition,Revenue will only be recognised when it is earned and services when they are fully rendered. For Customer A, the service has not been rendered, Therefore, the revenue is not yet earned.

For customer B, Although agreement has been reached and goods delivered, since payment hasn't been received, revenue is not recognised.

6 0
3 years ago
Explain five reasons some areas have high population density and give example of those areas​
Naddik [55]

Answer:

The following are the major reasons the high density of the population in any place.

Availability of water.

Industrialisation.

Employment potential.

Infrastructure facilities like housing, roads, proper transport facilities, health and education, communication facilities etc.

Explanation:

Mark me as brainlist

4 0
2 years ago
Finance is best defined as
IRINA_888 [86]

Answer:

the management of money and things that are worth money.

Explanation:

Finance is best defined as the management of money and things that are worth money.

7 0
3 years ago
Other questions:
  • Human resources issued a written workplace romance policy that forbids personal relationships between employees of significantly
    5·1 answer
  • What recently happened in the automobile industry that exemplifies the idea that "we need to value more the creation of ideas in
    5·1 answer
  • Why do we need to budget our resistance/income
    8·1 answer
  • Jenna wishes to deposit $250 in the bank every month in order to save for the future. Which of these options will best suit her?
    7·1 answer
  • PLEASE HELP!!! I NEED HELP WITH THE WHOLE TEST SOMEONE PLS HELP
    8·1 answer
  • One year ago, you purchased 350 shares of Titan Wood Products for $63.17 per share. The stock has paid dividends of $.71 per sha
    14·1 answer
  • All businesses deal with unhappy customers at some point, and they typically follow this pattern in these situations: call the c
    14·1 answer
  • If the government and Central Bank don't use economic policy, what could happen?
    7·1 answer
  • Customer groups represent different segments if: ___________.a. Their needs require different products/services or different pri
    9·1 answer
  • The united states maintained its military superiority with a defense budget larger than the next __________ biggest military pow
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!