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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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Information technology has been used to improve both internaland external access and sharing of information. Three main kinds of
Mashcka [7]

Answer:

1. Executive Information System (EIS).

2. Corporate Portal.

3. Intranet.

Explanation:

Information technology (IT) can be defined as a set of components or computer systems, which is used to collect, store, and process data, as well as dissemination of information, knowledge, and distribution of digital products.

An information technology (IT) interacts with its environment by receiving data in its raw forms and information in a usable format.

Information technology (IT) has significantly helped to improve both internal and external access and sharing of information between two or more business firms and individuals. Basically, there are three (3) main kinds of information technology (IT) which allow informations to be accessed and shared internally among employees; executive information systems (EIS), intranets, and portals.

1. Executive Information System (EIS): it assist managers working in an organization to monitor and analyze organizational performance. An Executive information system is also referred to as an Executive support system and it can be defined as a management support system that enhances and supports all of the senior executive information and decision-making process.

2. Corporate Portal: it's a hybrid system that uses a web address (uniform resource locator-URL) to give employees access to customized information and specialized transactions with respect to an organization.

3. Intranet: it's an internal company network which is private and provides employees with easy access to information.

8 0
2 years ago
The process of writing SMART goals is carried out at which stage of the personal financial management pyramid?
gogolik [260]
It is carried out on every stage

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5 0
3 years ago
What drove Tucker to risk everything to build a car company?
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Answer:

he opened a car company for a better tommorow

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Helen [10]

Answer:

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8 0
2 years ago
On December 16, 2015, B. Darin Company received $5,000 from S. Dee Company for rent of an office owned by B. Darin Company. The
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Explanation:

The journal entry is shown below:

Unearned rent revenue Dr  $1,250

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