1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Lilit [14]
3 years ago
5

Windsor, Inc. just began business and made the following four inventory purchases in June:

Business
1 answer:
alisha [4.7K]3 years ago
5 0

Answer:

c. the average cost method.

Explanation:

Windsor INC. purchased inventory during the month of June as follows:

June 1 129 units at $890

June 10 172 units at $1340

June 15 172 units at $1440

June 28 129 units at $ 1140

and at the end of the period, there are 180 units on hand.

In order to get highest gross profit the closing sock should be the highest, accordingly the value of inventory at hand should as as follows under different method explain below:

Under FIFO method the inventory first enter into the enterprise is available for sale at first so the inventory of 180 units at end should be values at the last price mentioned in the question i.e $1140, therefore the value amounts to $1140*180 units=$205200

Under LIFO method, likewise the last entered inventory will be available for sale and the inventory at the end of period will be valued at the price at which the inventory first bought i.e $890, therefore the value amounts to 180 units*$890=$160200

Under Average cost method the effect of differential price is distributed over the quantity bough during a period so that the company remains in ineffective condition during the period from the price change

Average cost per unit= (129*$890 +172*$1340+ 172*$1440+129*$1140)/602 units

=$1229.29

and for the 180 units the value amounts to 180*$122.29=$221271.429

so, as per explanation given above, it is certain that the highest value will be in average cost method.

The correct option is - c. the average cost method.

You might be interested in
If a company can use 100% of its
juin [17]

Answer:

to use 100% of its resources to produce timber

Explanation:

I did the test. Trust mate

5 0
1 year ago
Mary Kay Cosmetics and Amway (multi-layer marketing companies) sell their products through home and office sales parties, online
Sindrei [870]

Answer:

Direct

Explanation:

Distribution channels refers to a system in which an organization makes its products available to potential customers.

Direct distribution refers to the process in which goods are sold directly to the consumers. It allows the customers to purchase goods directly from the manufacturers without any form of intermediaries.

Direct distribution enables a manufacturer to interact directly with the customers and get feedbacks about their products.

8 0
3 years ago
In order to improve the cash flow of the company, neal emerald decided to postpone depositing all employment taxes a few months
jok3333 [9.3K]

The correct answer to this open question is the following.

No, it is not ethical.

The risks that Emerald faces by not upholding his responsibility for the collection and payment of employment taxes is that, first of all, this is not correct. He has an obligation, a moral and a fiscal obligation to report on time the employment taxes. That is why his actions are not ethical although he indeed does pay before he gets caught. That decision could be a business decision to buy some time and trying t fix other problems, but a true leader does not need to cover things with wrongdoings. What can of example is he showing to his employees?

Later on, on another occasion, he won't have the moral authority to demand ethical behavior from his employees. He is not setting an example.

5 0
3 years ago
Rediger Incorporated a manufacturing Corporation, has provided the following data for the month of June. The balance in the Work
saveliy_v [14]

Answer:

cost of goods manufactured= $161,800

Explanation:

Giving the following information:

Beginning Work in Process inventory= $41,000

Ending Work in Process inventory= $26,500

Direct materials= $58,800

Direct labor cost= $33,700.

The manufacturing overhead cost applied to Work in Process was $54,800.

<u>To calculate the cost of goods manufactured, we need to use the following formula:</u>

<u></u>

cost of goods manufactured= beginning WIP + direct materials + direct labor + <u>allocated manufacturing overhead</u> - Ending WIP

cost of goods manufactured= 41,000 + 58,800 + 33,700 + 54,800 - 26,500

cost of goods manufactured= $161,800

3 0
3 years ago
For each example, determine how the market for the good in the bolded text will respond to the described change.
Slav-nsk [51]

Answer:

a. Due to increases in hay prices, an input for raising cattle, the price of a gallon of 2% milk increases from $2.98 to $3.25.  QUANTITY DEMANDED DECREASES, as the price of a good or service increases, the quantity demanded decreases.

b. Groupon has a Groupon for $6 off the price of laser tag.  QUANTITY DEMANDED INCREASES, as the price of a good or service decreases, the quantity demanded increases.

c. Sharp increase in the price of wood causes increases in prices for dressers and desks.  QUANTITY DEMANDED DECREASES, if the price of a key input increases, the production costs will increase, resulting in a higher selling price ⇒ lower quantity demanded.

d. Week long special at the grocery store, where pork shoulder is on sale at $1.99 a pound, down from $3.99 a pound.  QUANTITY DEMANDED INCREASES, as the price of a good or service decreases, the quantity demanded increases.

e. Buy one get one free special for MP3 albums on Amazon. QUANTITY DEMANDED INCREASES, the buy one get one free promotion lowers the price of a good or service, resulting in higher quantity demanded.

7 0
3 years ago
Other questions:
  • Manufacturers Southern leased high-tech electronic equipment from Edison Leasing on January 1, 2016. Edison purchased the equipm
    12·1 answer
  • Redding Corp. reported the following information in its 2017 annual report (in millions). Plans' assets at fair value, January 1
    13·1 answer
  • Select all that apply. Select all the items that describe advertising.
    9·2 answers
  • Financial statement data at December 31 for Alpine Company are shown below.
    8·1 answer
  • Consumer products that customers see as basically the same and want to buy at the lowest price are called:
    6·1 answer
  • Nick works as the manager of Franklin Financial Consultants. His role involves giving tips and helping employees with regard to
    5·2 answers
  • A person is a professional truck driver and a car salesperson. Which action
    8·2 answers
  • In a monopolistic competitive industry, firms can try to differentiate their products by
    6·1 answer
  • The amount of reserves that a commercial bank is required to hold is equal to?
    10·1 answer
  • Understanding how income is distributed within and across populations informs firms of different groups':_____.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!