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
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

You might be interested in
Douglas Industries produced 5,500 units of product that required 2.5 standard hours per unit. The standard variable overhead cos
jeka94

Answer:

The variable factory overhead controllable variance is $2,250 favorable.

Explanation:

variable factory overhead controllable variance

= standard variable cost - actual variable cost

= $5500-2.5*3 - $39000

= $2,250 favorable

Therefore, The variable factory overhead controllable variance is $2,250 favorable.

8 0
3 years ago
Harvey and Liza are discussing ethics. Harvey says that ethics is a range of moral principles that steers our behavior. Liza say
swat32
B. Only Harvey is correct
5 0
3 years ago
How might the inability to provide fringe benefits affect a sole proprietors ability to run a business
Reika [66]
The inability of sole proprietors to provide fringe benefits to their employees can affect the service rendered to customers. Without fringe benefits, the employer will not be able to attract quality applicants for his business. He may have to settle for less qualified staff who may not be able to provide clients with excellent service.
4 0
3 years ago
The difference between a nominal variable and a real variable is that A. real variables are calculated in​ current-year prices a
Oksanka [162]

Answer:

Option (D) is correct.

Explanation:

Nominal variables are the variable which are calculated on the basis of current market prices such as nominal GDP. Nominal GDP incorporates all of the changes happened in a current year such as changes occured in the inflation or deflation in a current year.

On the other hand, real variables are those variables which are calculated on the basis of base year prices to take the effects of the inflation or deflation during the period of time. For example, Real GDP. real GDP is determined by the market prices of the base year, so that one can compare the actual effect effect of inflation or deflation during a period of time.

3 0
3 years ago
Extrapolative expectations work when prices are rising, but not when prices decline. True or False True False
Lemur [1.5K]

Answer:

False

Explanation:

Extrapolative expectations refer to an expectation in which there is a continuation of trend that means if the price of a property rises, then the demand is also rising and it pushed for more prices also there is a condition when the price is falling so it would also decrease in the market supply also it pushed out down

So the given statement is false

6 0
3 years ago
Other questions:
  • What is the relationship among agency theory, economic consequences, and signaling?
    10·1 answer
  • warnerwoods compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific ident
    9·1 answer
  • Q 7.39: In a small-town retail store, the sales clerk is responsible for counting the cash in the cash register and comparing it
    5·1 answer
  • A(n) ________ is a partyʹs official selection of a candidate to run for office.
    8·1 answer
  • A Metro City ordinance imposes a jail term, without a trial, on all vendors who operate in certain areas. A court would likely r
    15·1 answer
  • Motivating, directing, and otherwise influencing people to work hard to achieve the organization's goals is the definition of wh
    5·1 answer
  • Problem 6-3 Future Value and Multiple Cash Flows [LO1] Fuente, Inc., has identified an investment project with the following cas
    12·1 answer
  • 1.1.11 Advise SM on the negative impact of the socio economic issues identified in QUESTION 1.1.10 (6 )​
    9·1 answer
  • _______ consumers in the united states have increasing influences on mainstream u. S. Culture, and the buying power of this grou
    6·1 answer
  • As sam walks down the street, a man asks him for $10. sam refuses. the man then asks for $2. sam gives him the money. the man ha
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!