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SOVA2 [1]
3 years ago
8

A company just starting business made the following four inventory purchases in June: June 1 150 units $ 390 June 10 200 units 5

85 June 15 200 units 630 June 28 150 units 495 $2,100 A physical count of merchandise inventory on June 30 reveals that there are 200 units on hand. Using the average-cost method, the amount allocated to the ending inventory on June 30 is
Business
1 answer:
melomori [17]3 years ago
8 0

Answer:

Ending inventory cost= $599

Explanation:

Giving the following information:

June 1 150 units $ 390 (2.6)

June 10 200 units 585 (2.93)

June 15 200 units 630 (3.15)

June 28 150 units 495 (3.3)

Ending inventory in units= 200

<u>To calculate the ending inventory, first, we need to calculate the average price:</u>

Average price= (2.6 + 2.93 + 3.15 + 3.3) / 4= $2.995

<u>Now, the ending inventory:</u>

Ending inventory= 2.995*200

Ending inventory= $599

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Explanation:

A focus group can be defined as a qualitative marketing research method where some people with common characteristics are brought together in a group who are guided by a trainer to promote discussions on a particular topic of interest and gather information to assist in decision making.

To organize focus groups for an innovative German-style fast food restaurant, you could separate 3 groups, the first being ages 18 to 30, the second 30-45 and the third group 45 and above.

The screening criteria could be, sources of income, profession, sex, taste for food, hobbies, etc.

The questions to ask could be related to the number of times a week people eat fast food, what is your favorite German food, how much are you willing to pay for the options offered in the restaurant, what elements do you consider most attractive in a restaurant ,etc.

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3 years ago
Whitman and Greene are partners in a real estate venture. At January 1, 2020, their respective capital balances were $200,000 an
kykrilka [37]
Which describes the cross section of the rectangular prism that passes through vertices A, B, C, and D?

(A rectangular prism with measurements 3 centimeters, 10 centimeters, 6 centimeters.)

a rectangle with two 10-cm sides and two 6-cm sides
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a nonrectangular parallelogram with two 10-cm sides and two 6-cm sides
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3 years ago
What are some advantages of students being exposed to computer software? (as it relates to Accounting)
ivann1987 [24]

Answer:

There are many advantages in students being exposed to accounting softwares.

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Explanation:

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Hurlburt Corporation renewed an insurance policy for 3 years beginning July 1 and recorded the $81,000 premium in the prepaid in
Slav-nsk [51]

Answer:

B. Debit insurance expense for $13,500 and credit prepaid insurance for $13,500.

Explanation:

If 6 months past from the beginning of the contract then these past 6 months must be reflected as expenses in the balances.

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3 years ago
Farron Corporation, which has only one product, has provided the following data concerning its most recent month of operations:
photoshop1234 [79]

Answer:

Unit product cost= $84

Explanation:

Giving the following information:

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Direct materials $13

Direct labor $55

Variable manufacturing overhead $1

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The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.

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