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earnstyle [38]
3 years ago
12

At the beginning of Year 2 , Benson Company had beginning inventory of 150 units that cost $200 each. During Year 2, Benson made

two inventory purchases. Purchase 1 consisted of 500 units at a ost of $210. The second purchase consisted of 350 units that cost $220 each. Assuming Benson uses weighted average cost flow and sells 700 units of inventory during Year 2, the amount of ending inventory would be
Business
1 answer:
lawyer [7]3 years ago
7 0

Answer:

$63,600

Explanation:

Th weighted average method is one that ensures that all the various prices at which inventory is bought is considered to determining the price at which inventory is issued.

Amount of Inventory at

= (150 × 200) + (500 × 210) + (350 × 220) = $212,000

Total quantity (before sales) = 150 + 500 + 350 = 1000 units

Weight average cost per unit = $212,000/1000 = $212

The 700 units sold will be value at $212 per unit.

Hence total cost of goods sold = $212 × 700 = $148,400

Closing inventory amount = $212,000 - $148,400

= $63,600

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beks73 [17]
The answer is 5 hope I helped u
7 0
3 years ago
Chang Industries has 2,000 defective units of product that already cost $14 each to produce. A salvage company will purchase the
lidiya [134]

Answer:

A sunk cost is the correct answer to this question.

Explanation:

Sunk cost:- Sunk costs are those expenses that have been accumulated in the past and are thus in some way unrelated to judgment-making.

In the question referred to above, the company has already made $14 to produce. This cost will be inconsequential even if the company makes the units as it is or procedures them further.

As a result, $14 is a sunk expense.

Other options are incorrect because they are not related to the given scenario.

5 0
3 years ago
Mary, a student at a community college in New York, is in the United States on a student visa that allows her to remain in the U
aliina [53]

Answer:

It will be difficult for Mary to compare the crime rates in a U.S. city with her hometown of London, England:

b. There are differences in the way crime is measured.

Explanation:

  • The option a is not correct as it is not true that England doesn't have any crime statistics that are available to civilians.
  • The option b is correct as the ways of measuring crimes are different for different regions or places.
  • The option c is not correct as there is no dictatorship in England.
  • The option d is not correct as it is not true that only solved cases are included in England's crime rates.
3 0
3 years ago
Caveman Clubs Inc. tested a new graphite golf club that they have developed, Model X-5. They did a series of experiments with go
Ostrovityanka [42]

Answer:

The Answer is B. Quantitative data

Explanation:

The testing on the golf club, determined a improvement in the driving distance and this was measured numerically and showed in form of a percentage in comparison with average measurements.

When the information is presented with numerical data support, we can say its a quantitative data, because it tells us "how much?".

When the information is presented just with adjetives, telling us about the performance its a qualitative data, because it tell us "how things happened?"

A control variable is the data that is going to modified in order to see changes is the independent variable. In this case, the control variable  could be the weight of the club (assumption), and the independent variable the driving distance data(not percentage).

4 0
3 years ago
A lender determines that a homebuyer can afford to borrow $220,000 on a mortgage loan. The lender requires an 85% loan-to-value
Dmitry [639]

Answer:

D: $259,000

Explanation:

The computation of the paying amount which borrower can pay for a property is shown below:

= Mortgage loan amount for borrow ÷  loan-to-value ratio

= $220,000 ÷ 85%

= $258,823.53

= $259,000 round off

We simply divide the mortgage loan by the loan to value ratio so that paying amount could arrive which borrower can pay for a property.

7 0
3 years ago
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