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
Leokris [45]
4 years ago
5

Walberg Associates, antique dealers, purchased goods for $38,100. Terms of the purchase were FOB shipping point, and the cost of

transporting the goods to Walberg Associates's warehouse was $1,500. Walberg Associates insured the shipment at a cost of $210. Prior to putting the goods up for sale, they cleaned and refurbished them at a cost of $550. Determine the cost of inventory.
Business
1 answer:
blagie [28]4 years ago
7 0

Answer:

$40,360

Explanation:

Data provided

Inventory price = $38,100

Transportation cost = $1,500

Shipment insurance = $210

Cleaning and refurbishing = $550

According to the situation the computation of total cost of inventory is shown below:-

Total cost of inventory = Inventory price + Transportation cost + Shipment insurance + Cleaning and refurbishing

= $38,100 + $1,500 + $210 + $550

= $40,360

Therefore for computing the total cost of inventory we simply applied the above formula.

You might be interested in
M Company manufactures tables. At the beginning of December, the beginning work in process inventory was 300 units, which were 4
katrin2010 [14]

Answer: Equivalent units for conversion = 4870 units

Explanation:

Given that,

Beginning work in process inventory = 300 units

Beginning work in process inventory for conversion = 40% of 300 units

                                                                                       = 120 units

5,000 units were started in December.

Ending work in process = 500 units

Ending work in process inventory for conversion = 50% of 500 units

                                                                                  = 250 units

Units started and completed = 5000 - 500

                                                = 4500 units

Equivalent units for conversion = 4870 units

6 0
3 years ago
Jan Ashley worked for the R&S Department Store as a sales associate in the fine linens department. As she would give change
alina1380 [7]

Answer:

b) Larceny at the point of sale

Explanation:

Larceny at the point of sale -

It is a type of fraud , where the employee itself steal money from the employer during the point in the business , when is the sale is been made .

This type of fraud is very commonly seen in the retail business .

Same case is shown in the question data , where Jan Ashley , who works for the R & S departmental store , tries to steal money during the sale .  

8 0
3 years ago
Unscramble the vocabulary word from chapter 12: tubdeg
vredina [299]

Answer: budget

Explanation:

6 0
3 years ago
The situation analysis section of a business plan for all of a company's products,
riadik2000 [5.3K]

Answer:

technology

Explanation:

because they have to be search

8 0
2 years ago
Often the availability of _____ and their value are dependent on the number of employees employed by a company.
valkas [14]

Answer:

Benefits

Explanation:

7 0
3 years ago
Read 2 more answers
Other questions:
  • Arch gives you an amended Form W-4 dated March 9, 2018 on which he claims two additional withholding allowances. He asks you to
    8·1 answer
  • The goal of strategy is to find a(n) ________ that is so well suited to the firm's competitive advantages that other organizatio
    13·2 answers
  • Suppose Jones Company manufactures chairs. One model is the executive chair that sells for $120. Jones Company projects sales of
    10·1 answer
  • ABC Catering​, purchased equipment for $ 12 comma 000. ABC recorded total depreciation of $ 9 comma 000 on the equipment. Assume
    15·1 answer
  • "A customer who is long 1 ABC Jan 40 Call wishes to create a "bear call spread." The second option position that the customer mu
    6·1 answer
  • Do you have, or have you ever had test-taking anxiety? What strategies will you use to manage test anxiety?​
    7·1 answer
  • Explain why employers are considered buyers of skills and employees sellers of skills in the labour market.
    9·1 answer
  • Boone Co.'s sales, based on past experience, are 20% cash and 80% credit. Credit sales are typically collected as follows: 40% i
    13·1 answer
  • Wrigley introduced a new flavor of Orbit brand sugar-free chewing gum, mint mojito, and its introductory price was low so that i
    13·1 answer
  • Which of the affirmative action strategies would involve an employer changing the company policy or the way an organization is d
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!