Answer: The ACT is a standardized test that measures a student's skills in five core areas: English, math, reading, science, and writing (optional). Students in grades 11 and 12 take the ACT so that they can submit their scores to colleges as part of the college application process. 75 questions in 45 min.
The cost of ending inventory at the conclusion of an accounting period is calculated using the weighted average inventory costing method.
<h3>
How is the cost of discontinuing inventory calculated?</h3>
- The cost of ending inventory at the conclusion of an accounting period is calculated using the weighted average inventory costing method. The idea behind this approach is to give all inventory units an average cost.
- In this scenario, the average of the purchase costs from April 5 to April 22 would be taken and multiplied by the number of remaining units to get the cost of the ending inventory on the balance sheet.
- The five pieces cost a total of $69 ($10 + $12 + $14 + $16 + $17) between April 5 and April 22. The remaining four units would make up the ending inventory as one unit was sold on April 25.
- Therefore, $17.25 ($69 divided by 4) would be the price of the closing inventory. As the cost of the ending inventory, this sum would be shown on the balance sheet.
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Answer
x = 59.5
Explanation
Based on the given conditions, formulate:
Rearrange unknown terms to the left side of the equation:
Calculate the sum or difference:
Divide both sides of the equation by the coefficient of variable:
Calculate the product or quotient x = :59.5
Answer x = 59.5
