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IceJOKER [234]
3 years ago
12

Vaughn Manufacturing uses the periodic inventory system. For the current month, the beginning inventory consisted of 476 units t

hat cost $63 each. During the month, the company made two purchases: 718 units at $66 each and 365 units at $68 each. Vaughn Manufacturing also sold 1195 units during the month. Using the average cost method, what is the amount of ending inventory
Business
1 answer:
MissTica3 years ago
4 0

Answer:

See below

Explanation:

The computation of ending inventory is shown below;

But first we need to determine the average cost per unit.

Average cost per unit

= (476 units × $63 + 718 units × $66 + 365 units × $68) ÷ (476 units + 718 units + 365 units)

= ($29,988 + $47,388 + $24,820) ÷ (1,559 units)

= $102,196 ÷ 1,559

= $65.55

Now, the ending inventory unit

= 1,559 units - 1,195 units

= 364 units

Finally , the ending inventory

= $65.55 × 364 units

= $23,860

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3 years ago
GUYS PLEASE HELP ME WITH FINANCIAL PLAN FOR COMPANY OF CONFECTIONERY PRODUCTS BASED ON COFFEE!!!!! 1)Set the price of product an
Anastaziya [24]

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7 0
3 years ago
Read 2 more answers
I just want to know if my answer is correct
nataly862011 [7]

Answer:

The correct answer is letter "A": 20% of income.

Explanation:

The percentage of savings of people will directly depend on their income. Employees earning the minimum wage are likely to use the most of their salary paying bills which will give them few to no opportunity for saving. On the other hand, executives with annual income above the average have more chances to save a good percentage of the money they receive monthly according to their expenses.

However, for a person who receives an average salary that allows covering expenditure and having some free money a bank account, at least should be saving 20% of that income. Besides, according to the 50/20/30 budget rule, <em>50% of the salary should be spent on needs, 30% on wants, and 20% on savings</em>.

3 0
3 years ago
What is evolution of finance?​
aleksandrvk [35]

Answer: The Evolution of Finance. ... At the core financial institutions all do the same two things: first, they gather assets, and second, they invest those assets. Commercial banks take deposits and make loans. Investment banks identify pools of capital and issue securities. Asset managers take savings and invest those savings.

Explanation:

3 0
4 years ago
Kessen Inc.'s bonds mature in 7 years, have a par value of $1,000, and make an annual coupon payment of $70. The market interest
Scilla [17]

Answer:

Explanation:

The market value of debt is the present value of all future cash flows in servicing  the debt.

we need to identify the present value of the future cash flows as follows

Year     no of receipts    Cash flow           Discount factor      present value

1-7               7                        70                     5.1185                     358.296

7                 1                       1000                   0.5649                    564.926  

                             Present Value                                                 923.222

Annuity= P=R(1+(1+i )^-n) /i

Annuity= P=70(1+(1+8.5%)^-7/8.5% = 5.1185

Compound = S=P(1+i)

Compound =P=1000/(1+8.5%)^7    =  0.5649

the value of the bond is = 923.222

8 0
3 years ago
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