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zheka24 [161]
2 years ago
10

Inventory records for Dunbar Incorporated revealed the following: Date Transaction Number of Units Unit Cost Apr. 1 Beginning in

ventory 510 $ 2.38 Apr. 20 Purchase 370 2.63 Dunbar sold 650 units of inventory during the month. Ending inventory assuming weighted-average cost would be: (Round weighted-average unit cost to 4 decimal places and final answer to the nearest dollar amount.) Multiple Choice
Business
1 answer:
kramer2 years ago
5 0

Answer:

$572

Explanation:

The calculation of the ending inventory under weighted average cost is given below:

But before that the average cost per unit should be

= (510 × $2.38 + 370 × $2.63) ÷ (510 units + 370 units)

= ($1,213.80 + $973.10) ÷ (880 units)

= $2.4851

Now the ending inventory should be

= (510 + 370 - 650) × $2.4851

= $572

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On January 1, 2019, Oriole Company purchased the following two machines for use in its production process.
Zarrin [17]

Answer and Explanation:

The journal entries are shown below:

1  Equipment   $53,420

     To Cash  $53,420

(Being the equipment is purchased for cash is recorded)

The computation is given below:

= Cash price of machine + sales tax + shipping cost + insurance during shipping + installation and testing cost

= $49,500 + $3,650 + $100 + $60 + $110

=  $53,420

2. Depreciation expense $9,614

      To Accumulated Depreciation - Equipment  $9,614

(Being the depreciation expense is recorded)

The computation is shown below:

= ($53,420 - $5,350) ÷ ( 5 years)

= $9,614

5 0
3 years ago
Cho is working on poverty reduction in a Philadelphia public housing development. In the analysis he writes after the project, h
Anestetic [448]

Answer:

Oscar Lewis’s "culture of poverty" is usually interpreted as blaming the poor people for being poor. It's like, you are poor because you decide to be poor, and Cho (and I) believe that it is not true.

While Mario Luis Small believed that someone doesn't have or belongs to a culture just because his or her race, ethnic group or gender. His work relates to how environmental, socio-cultural conditions influence poor neighborhoods and their residents.  

6 0
3 years ago
Read 2 more answers
Dividends cause a(n) increase/decrease)_________ in equity and are recorded directly in
Artyom0805 [142]

Answer:

Decrease (debit) in equity, Cash Dividends Payable (credit, liability account)

Explanation:

The journal entry to record the declaration of the cash dividends involves a decrease (debit) to Retained Earnings (a stockholders' equity account) and an increase (credit) to Cash Dividends Payable (a liability account).

(opentextbc.ca)

6 0
3 years ago
Much of the supply of ________________ is from china and india where chemical manufacturers have less government oversight.
Eva8 [605]
The answer in the space provided is 'coming from'. It is because the countries like China and India has government which has less over sight which enables them to transport goods from chemical manufacturers because of their government that are not that strict in terms of transporting goods to other countries compared to others countries that have more over sight and are more strict.
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General Snacks is a typical firm in a market characterized by the model of monopolistic competition. Initially, the market is in
Harrizon [31]

Answer:

Firms will leave the market in the long run.

Explanation:

Firms will leave the market in the long run.

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