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shusha [124]
3 years ago
9

Maxim Corp. has provided the following information about one of its products: Date Transaction Number of Units Cost per Unit 1/1

Beginning Inventory 200 $ 140 6/5 Purchase 400 $ 160 11/10 Purchase 100 $ 200 During the year, Maxim sold 400 units. What is ending inventory using the average cost method
Business
1 answer:
artcher [175]3 years ago
8 0

Answer:

$48,000

Explanation:

The computation of ending inventory using average method is shown below

Total units = 200 + 400 + 100 = 700

Total cost = (200 × $140) + (400 × $160) + (100 × $200)

= $28,000 + $64,000 + $20,000

= $112,000

Average cost per unit = $112,000/700 = $160

Ending inventory = Total units - units sold

= 700 - 400

= 300

Therefore, cost of ending inventory = Ending inventory × Average cost per unit

= 300 units × $160

= $48,000

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Free ponts <br> im only doing this bc i hate my life<br> and put se.xy anime grils on ur answer
Alex787 [66]

Answer:

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6 0
3 years ago
Consider a business that can be run using a make-to-stock or make-to-order process. Further suppose that your demand is 10000 pe
Scorpion4ik [409]

The best choice would be Choose Make-to-Order Process.

Option b

<u>Explanation:</u>

Make to order (MTO) also known as made to order, is a type of business production strategy which allows the customers to buy the products that are designed or customised based on their own specifications.

In simpler words, this process involves the production of customised goods after the consent of the consumers.

Here it has been mentioned that the demand is 10,000 units per month and the capacity of the company production is 15,000 units. So, it can be inferred that the company would have enough time to produce the goods based on the desirability of the customers. (customised products).

Therefore, the best choice would be Choose make-to-order process.

6 0
3 years ago
In the market experiment with​ taxes, after the excise tax is imposed on the market A. the price paid by buyers decreases and th
aleksley [76]

Answer:

C. the price paid by buyers increases and the price received by sellers decreases

Explanation:

In the market experiment with​ taxes, after the excise tax is imposed on the market the price paid by buyers increases and the price received by sellers decreases

6 0
3 years ago
What is Laissez faire ?
Zinaida [17]
We had it and lost it due to the concepts that people thought businesses had to much free reign to do what they wanted so the government started passing regulations de facto giving the freedom that businesses had and making it power for the government.


4 0
3 years ago
Read 2 more answers
A(n) ___________ is a visual depiction of numeric data
Brums [2.3K]
A Chart is a visual depiction of numeric data. It is a way of displaying data, and math. A very popular, way used by teachers and math maticians, and lots more. They use charts to display data and show mathematical problems.
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8 0
3 years ago
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