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
Stells [14]
3 years ago
10

May 1, 2021, Bibby Company had beginning inventory consisting of 200 units with a unit cost of $7. During May, the company purch

ased inventory as follows: 800 units at $7 600 units at $8 The company sold 1,000 units during the month for $12 per unit. Bibby uses the average cost method. The average cost per unit for May is
Business
1 answer:
Umnica [9.8K]3 years ago
4 0

Answer:

$7.38

Explanation:

The average cost method recalculates a new cost per unit with each and every purchase made. This new costs would then be used to calculate the costs of goods sold and inventory value.

Average cost per unit = Total Costs ÷ Units available for sale

                                    = (200 x  $7 + 800 x $7 + 600  x $8) ÷ 1,600

                                    = $7.375 or $7.38

The average cost per unit for May is $7.38

You might be interested in
Lisa purchased a hat for $10, a purse for $20, and a book for $23. The sales tax rate was 7.2 percent. What was the total amount
zloy xaker [14]
Here is the solution on how much the total amount that Lisa paid:
<span>The total amount for all the items is $53:  $10 + $20 + $23 = $53
Now, 7.2% = 0.072
Compute for the sales tax of each item:
$10 x 0.072 = .72
$20 x 0.072 = 1.44
$23 x 0.072 = 1.66
The total sales tax would be: .72 + 1.44 + 1.66 = $3.82
Now add the Sales tax to the total price of the items. $53 + 3.82 = $56.82
</span>Therefore, Lisa paid $56.82.
7 0
3 years ago
John deposited $2,000, at the end of every month for 2 years in a savings account. if the account paid 6% interest, compounded m
lesya692 [45]
Using the table that is included in the question you will now the answer by looking at the table. The formula to calculate the future value of this account is Pn = P0(1 + r)^n, Pn is the future value of P0, P0 is the original amount invested, r is the rate of interest and n is the number of coumpoundinf periods such as months. The answer in this question is $50,863.92
4 0
3 years ago
Under lot-for-lot, order sizes for component parts are essentially determined directly from which one of the following? a. gross
Nastasia [14]

Answer: b. Net requirements

Explanation: Lot sizing is used to consolidate the calculated net requirements by a certain unit. It puts into consideration cost reduction and work efficiency. One method of lot sizing is the lot-for-lot where the net requirements occurring for each period are the order quantity which generates greater volume of orders with smaller quantities per order and inventory investment as a result of ordering exact requirements only. The order sizes for component parts are essentially determined directly from net requirements.

5 0
3 years ago
Simone started the meeting at BCD Co. by focusing the attendees on the company's current status. "We have a good product mix," s
WINSTONCH [101]

Answer:

Market development

Explanation:

Market development can be described as a marketing strategy in which new market segments are identified and developed for current products of a company.

The focus of a market development strategy are the existing customers and new customers in the targeted segments that are not currently buying the products of the company.

Market development is therefore a marketing strategy that is employed when a company wants to expand its total market by making effort to promote its current product to new consumers or a new geographical area.

From the question, the statement that  "To continue to grow, we need to target more segments" by Simone indicates that the strategic path Simone is pursuing is <u>market development</u>.

6 0
3 years ago
Among ________, women and men shop on the Internet with equal frequency, and men tend to spend more per purchase transaction tha
Whitepunk [10]

Answer:

web surfe\fer

Explanation:

gfuess

5 0
2 years ago
Other questions:
  • At Green Acres Fencing Company, eight employees each perform various aspects of the company's work. One person does sales, four
    9·1 answer
  • How to supply and demand work together to determine price? In other words, what happens to both supply and demand when prices ri
    9·1 answer
  • Why should you always double check the citation generated using a citation generator
    14·1 answer
  • Opportunity costs refer to:
    10·2 answers
  • George's Hamburgers issued 5â%, â10-year bonds payable at 85 on Decemberâ 31, 2016. At Decemberâ 31, 2018, George reported the b
    10·1 answer
  • Which of the following would be referred to as "accruals?" (Select all that apply.) A. Cash paid prior to expenses being incurre
    12·1 answer
  • Multiple Choice Question Which of the following is the correct statement about variable costs? The variable cost per unit will i
    9·1 answer
  • Dante worked 10 hours per week at a grocery store last school year, earning minimum wage. His parents claim him as a dependent o
    10·1 answer
  • According to the authors, the nature of negotiation as it applies to project management is the realization that few of the confl
    14·1 answer
  • Certain business processes are copyrightable. <br> a) true <br> b) false
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!