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saul85 [17]
3 years ago
14

Swifty Corporation sells one product and uses a perpetual inventory system. The beginning inventory consisted of 76 units that c

ost $22 per unit. During the current month, the company purchased 478 units at $19 each. Sales during the month totaled 360 units for $42 each. What is the number of units in the ending inventory
Business
1 answer:
dedylja [7]3 years ago
4 0

Answer:

Ending inventory in units= 194

Explanation:

Giving the following information:

The beginning inventory consisted of 76 units.

During the current month, the company purchased 478 units.

Sales during the month totaled 360 units.

<u>To calculate the number of units in ending inventory, we need to use the following formula:</u>

Ending inventory in units= total inventory - sales in units

Ending inventory in units= 554 - 360

Ending inventory in units= 194

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You recently purchased a stock that is expected to earn 20 percent in a booming economy, 15 percent in a normal economy, and los
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Explanation:

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Baylor Bank believes the New Zealand dollar will appreciate over the next 15 days from $.90 to $.93. The following annual intere
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2 years ago
Which of the following describes accrued revenue? (Check all that apply) Multiple select question. The adjustment causes an incr
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Accrued revenue refers to cash earned for selling a good or delivering a service yet the cash has not been received and the transaction was not recorded in the books as revenue. This means that the cash has been earned but it has not been billed to the customer it was earned from.

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