Answer: Inventory on after sale = 4 x $560 = $2240
Explanation:
Value of Inventory under Periodic weighted average costing method is calculated at the end of the period by adding all purchases costs and divide the total by number of units. the major draw back of this inventory costing system is that inventory books are only updated once a year.
first purchase: 1 diamond = $500
second purchase: 2 diamonds = $550 x 2 = $1100
third purchase : 2 diamonds = $600 x 2 = $1200
total purchases = 500 + 1100 + 1200 = 2800
Total units = 5
Weighted average cost per unit = total cost/total units = 2800/5 = $560
1 diamond was sold, therefore the are 4 diamonds on hand
Inventory on hand after sale = 4 x $560 = $2240
Employees at printing company is the best rates on advertising, A shop that sells fine glass is Get the best rates on supplier purchases.
<h3 /><h3>What are the other situation that fix the below statements?</h3>
There are 12 places to buy yarn needed for knitting factories is Use resources wisely, two stores sell same video game at the same price is Eliminate some free services. At a sign making company the extra metal is discarted is Increase worker efficiency.
Thus, the numbering has done in above statements correctly
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True it will tell you how and what you will be doing at the job
Answer:
$285,000
Explanation:
Interest paid in cash = $300,000 *10%*10 years
Interest paid in cash = $300,000
Premium received = $300,000/100*5
Premium received = $15,000
Net interest expense in life of bonds = Interest paid in cash - Premium received
Net interest expense in life of bonds = $300,000 - $15,000
Net interest expense in life of bonds = $285,000
