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Sunny_sXe [5.5K]
3 years ago
14

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

ventory 510 $ 2.44 Apr. 20 Purchase 380 2.72 Dunbar sold 590 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 $747. $768. $838. $774.
Business
1 answer:
Alexandra [31]3 years ago
4 0

Answer:

$768

Explanation:

The computation of the ending inventory using weighted average cost is shown below:

But before that average cost per unit is

= (510 × $2.44 + 380 × $2.72) ÷ ($510 + $380)

= ($1,244.40 + $1,033.60) ÷ (890)

= $2.56

Now the ending inventory is

= (890 - 590) × $2.56

= $768

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3 years ago
Use the model developed in Chapter 3 and assume that consumption does not depend on the interest rate. Holding other things cons
tensa zangetsu [6.8K]

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Explanation:

As a result of the increase in a demand for investment, entities will borrow more money from financial institutions in order to undertake these investments.

Investments will therefore rise as a result. Unfortunately, due to the increase in demand for loanable funds from financial institutions, interest rates will rise as well to show that demand is increasing faster than supply of loanable funds as posited by the law of demand and supply.

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The income statement for Nadeen, Inc. shows income before income taxes $700,000, income tax expense $210,000 and net income $490
katrin [286]

Answer:

B $4.90

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As such, given;

net income after tax = $490,000

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4 0
3 years ago
In macroland potential gdp equals $20 billion and real gdp equals $19.2 billion. macroland has a(n) ______ gap equal to ______ p
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6 0
3 years ago
Karen made a commission of $3522.75 on the sale of a property. Splitter commission clear with her broker which is 50% to the bro
Mademuasel [1]

<u>Answer:</u>

<em>$50,325 is the sale price of the property</em>

<u>Explanation:</u>

Karen made a commission of $3522.75 on the sale of a property. Splitter commission clear with her broker which is 50% to the broker and 50% Karen. Broker took 55% of the total commission on a 7% commission rate.

So not considering the commission for a while if we divide commission by the commission rate we will get the sale price.

                                    $3522.75/0.07= $50,325.

4 0
3 years ago
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