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earnstyle [38]
2 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]2 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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Answer:

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Explanation:

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2 years ago
What is the difference between a traditional savings account and an online savings account
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1 year ago
Damon has an important interview coming up. He is reviewing various ways to send positive nonverbal messages. What tips should h
yanalaym [24]

Answer:

Following tips should he follow.

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Explanation:

The non-verbal sign consists of things like facial expression, the motions of the arm, or body language. It is about to feel without using words.

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2 years ago
Alternative A has a rate of return of 14% and Alternative B has a rate of return of 17%. If the investment required in B is larg
charle [14.2K]

Answer:

The answer is "larger than 17%".

Explanation:

Assume the sum of investment as B is more than A:

In part A:  

                                                                        A                    B           Increment

Purchase(assumed)                                          100              150                   50  

Departure Rate                                                   14%              17%                

Return                                                                 14                25.5               11.5      

The rate of return increases( \frac{11.5}{50} \times 100)                                                       23      

In part B:  

                                                                         A                    B           Increment

Purchase(assumed)                                          100              120                   20  

Departure Rate                                                  14%              17%                

Return                                                                 14                20.4               6.4      

The rate of return increases( \frac{6.4}{20} \times 100)                                                        32      

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