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Liono4ka [1.6K]
3 years ago
13

A company uses the periodic inventory system and had the following activity during the current monthly period.

Business
1 answer:
Alekssandra [29.7K]3 years ago
3 0

Answer:

The answer is: $3,289

Explanation:

<u>Date</u>                 <u>Units </u>                 <u>Unit price</u>           <u>Inventory</u>      <u>Average cost</u>

Purchases

Nov. 1             103 units             $20 per unit        $2,060        $20 per unit              

Nov. 5            103 units             $22 per unit        $4,326         $21 per unit

Nov. 8            53 units               $23 per unit        $5,545        $21.41 per unit

<u>Nov. 19           30 units              $25 per unit        $6,295        $21.78 per unit</u>

TOTAL           289 units            $21.78 per unit    $6,295        $21.78 per unit

Sales

Nov. 16          -138 units            $21.78 per unit    $3,006       $21.78 per unit

Ending inventory

Nov. 30          151 units           $21.78 per unit    $3,289       $21.78 per unit

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Answer:

(A) True

Explanation:

Differential cost is the difference between the cost to produce Product O and produce Product P; in this case it’s the additional cost of $13 per pound to produce

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3 years ago
Fresh Baked Goods has 36,800 shares of stock outstanding at a market price of $24.91 per share. What will be the price per share
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Answer:

$23.50 per share

Explanation:

The computation of the price per share after considering the stock dividend for the 6% is shown below:

= (Number of shares outstanding × market price per share) ÷ (Number of shares outstanding × 1 + stock dividend )

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= $916,688 ÷  39,008 shares

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3 years ago
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masya89 [10]

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