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g100num [7]
3 years ago
10

You have the following information for Wildhorse Co. for the month ended October 31, 2017. Wildhorse Co. uses a periodic method

for inventory. Date Description Units Unit Cost or Selling Price Oct. 1 Beginning inventory 58 $25 Oct. 9 Purchase 116 27 Oct. 11 Sale 104 37 Oct. 17 Purchase 98 28 Oct. 22 Sale 57 42 Oct. 25 Purchase 69 30 Oct. 29 Sale 104 42 Incorrect answer iconYour answer is incorrect. Calculate the weighted-average cost. (Round answer to 3 decimal places, e.g. 5.125.)
Business
1 answer:
Dmitry [639]3 years ago
3 0

Answer:

The weighted-average cost by unit is $28,338.

Explanation:

AVCO Perpetual chart is attached.

AVCO Perpetual chart shows purchases , sales and balance of each period. Highlighted you will find the balance at the end of every purchase or sale.

When you have a purchase: Use the following formula to get the weighted-average cost by unit:

(P₁*Q₁)+(P₂*Q₂)/(Q₁+Q₂)

P₁ and Q₁ are the balance from operation that you made before.

P₂ and Q₂ is the data of the new operation (new purchase)

When you have a sale: you only discount the Quantity and use the average cost by unit to get the final inventory.  

The balance at the end of October is

Units Unit Cost Total

76         $28,338          $2.153,720 

Download xlsx
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PLEASE HELP WILL GIVE BRAINLIEST OT CORRECT ANSWER
FromTheMoon [43]
<h2>Answer</h2>

B. adds up all the income collected by all the sellers.

<h3>Explanation</h3>

Calculating GDP via the income approach of the established approaches, the income generated by all factors of production is the most accurate answer for the Gross Domestic Product (GDP) of a country. This therefore establishes that the income generated by factors in the household in exchange of the services or products they have provided to consumers, represent the value of the total goods and services sold in the economy.


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3 years ago
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Typically, stakeholders do not complain that the company is directionless after hearing a well-developed and expressed strategic vision.

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1 year ago
Question 12 Which answer illustrates "compound interest"?
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2 years ago
Logistics Company had the following items listed in its trial balance at 12/31/2018: Balance in checking account, Bank of the Ea
Elena L [17]

Answer: $352,000

Explanation:

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3 years ago
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PolarNik [594]

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D. Serve as the fiscal agent for the Federal government

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