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stich3 [128]
3 years ago
7

Amsterdam Company uses a periodic inventory system. For April, when the company sold 700 units, the following information is ava

ilable.
Units Unit Cost Total Cost
April 1 inventory 250 $13 $3,250
April 15 purchase 400 15 6,000
April 23 purchase
35017 5,950 1,000 $15,200

Compute the April 30 inventory and the April cost of goods sold using the average cost method. (Round computations for cost per unit to 2 decimal places, e.g. 10.25 and answers to 0 decimal places, e.g. 2,250.)
Business
1 answer:
o-na [289]3 years ago
8 0

Answer: Cost per unit $15.2, cost of good sold $10,640

Explanation:

Weighted Average cost per unit = 15,200/1000

= $15.2

Ending inventory (400 × 15.2)

= 6,080

Cost of good available for sale = 15,200

Cost of good sold (700 × 15.2)

= $10,640

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7 0
2 years ago
Raising Bulls, Inc., has current assets of $5,100, net fixed assets of $23,800, current liabilities (payables and accruals) of $
Elenna [48]

Answer:

<em>Total Shareholders’ Equity</em>

Total Shareholders’ Equity = Total Assets − Total LiabilitiesTotal

Shareholders’ Equity = {(Current Assets + Net Fixed Assets) − (Current liabilities + Long term debt)}

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Total Shareholders’ Equity = $28,900 − $11,700

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<em>Net-working capital?</em>

Net-working Capital = Current assets - Current liabilities

Net-working Capital = Current assets - Current liabilities (payables and accruals)

Net-working Capital = $5,100 - $4,300

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<em>If you find this helpful rate be brainliest please. Thanks. </em>

8 0
3 years ago
Assume Maine Line Railway is considering hiring a reservations agency to handle passenger reservations. The agency would charge
inna [77]

Answer:

$214,000

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The total reservation cost per month is given by the following expression:

R = \$14,000+\$1*n

Where 'n' is the number of monthly reservations.

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R = \$14,000+\$1*200,000\\R=\$214,000

Total reservation cost is $214,000.

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3 years ago
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Answer:

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3 0
2 years ago
What is the purpose of the pre-accident plan?
Natalija [7]
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