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aleksklad [387]
3 years ago
10

Weighted Average Cost Method with Perpetual Inventory The beginning inventory for Dunne Co. and data on purchases and sales for

a three-month period are as follows: Date Transaction Number of Units Per Unit Total Apr. 3 Inventory 25 $1,200 $30,000 8 Purchase 75 1,240 93,000 11 Sale 40 2,000 80,000 30 Sale 30 2,000 60,000 May 8 Purchase 60 1,260 75,600 10 Sale 50 2,000 100,000 19 Sale 20 2,000 40,000 28 Purchase 80 1,260 100,800 June 5 Sale 40 2,250 90,000 16 Sale 25 2,250 56,250 21 Purchase 35 1,264 44,240 28 Sale 44 2,250 99,000 Required: 1. Record the inventory, purchases, and cost of merchandise sold data in a perpetual inventory record similar to the one illustrated in Exhibit 5, using the weighted average cost method. Dunne Co. Schedule of Cost of Merchandise Sold Weighted Average Cost Method For the three months ended June 30
Business
1 answer:
muminat3 years ago
4 0

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

Download xlsx
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During 2019, Pepe Guardio purchases the following property for use in his calendar year-end manufacturing business:
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Answer:

Depreciation Expense for 2019 using form 4562

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2,000 ; 5 years ; HY ; 200 DB ; 400

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Explanation:

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3 years ago
E6-15 Allocating Transaction Price to Performance Obligations [LO 6-5] A company separately sells home security equipment and 12
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Answer:

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1. Revenue allocated to the equipment              $330

   for each bundled sales

   {$990 * $280 / $280 + $560}

2. Revenue allocated to the service                    $660

   for each bundled sales

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3. Sales revenue to be reported in income         $660

   statement

   

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7 0
3 years ago
If the current exchange rate is 1 euro to 1.5 U.S dollars, according to the theory of purchasing power parity, a haircut that co
STALIN [3.7K]

Answer: (1) 10 euros (2) 15dollars

Explanation:

S= P1 /P2

where:

S= Exchange rate of currency 1 to currency 2

P1 = Cost of good X in currency 1

P2 = Cost of good X in currency 2

(1) s = 1.5, P1 = 15 dollars, P2 = ???

so,

1.5 = 15 / P2

P2 = 15/1.5 = 10 euros

Hence, according to the theory of purchasing power parity,

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taking 1 euro to 1.5dollars exchange,

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4 0
3 years ago
12. What is OSHA's purpose?
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Answer:

ansure safe and healthful working conditions for workers by setting and enforcing standards and by providing training, outreach, education and assistance.

Explanation:

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3 years ago
Miranda wants to operate a small catering business out of her home, located in a quiet residential neighborhood. She
morpeh [17]

According to the given scenario, Miranda has discovered that her new business will definitely be successful. Thus, option first is correct.

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Among the various business structures are partnerships, corporations, limited liability companies, and sole proprietorship.

According to the above situation, Miranda has learned that the future of her new company is bright as he has taken certain important steps in order to grow her business.

Therefore, it can be concluded that first is correct.

Learn more about business here:

brainly.com/question/15826604

#SPJ1

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