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
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
You might be interested in
3. Which of the following is NOT a factor of production?
Tju [1.3M]

Answer:

Output.

Explanation:

because it is an effect of production but not a factor.

3 0
2 years ago
Read 2 more answers
What happens at oceanic-continental convergent boundaries
anzhelika [568]

Answer:

The first type of convergent boundary is Oceanic-Continetal Convergence. This type of convergent boundary happens where an oceanic plate and a continental plate push together causing the oceanic plate to be forced under the continental plate into the mantle because the oceanic plate is thinner. This is called a subduction.

Explanation:

4 0
3 years ago
Suppose the civilian non-institutional population equals 250,000; there are 132,500 employed persons and 10,000 unemployed perso
mr Goodwill [35]

Answer:

107,500

Explanation:

The civilian non-institutional population can be divided into two groups;

1)Individuals in the labor force

11) Those not in the labor force

Those in the labor force will include the employed and the unemployed.

In the scenario, those in the labor force will be 132,500 employed persons and 10,000 unemployed persons.

I.e., 132,500 + 10,000 = $42,500

Those not in the labor force will be the population - those in the labor force.

I.e., 250,000-142,500= 107,500

Those not in the labor force will be 107,500

6 0
3 years ago
Difference between accounts receivable and payable
Elina [12.6K]
When a company buys something on credit it increases account payable, and when a company sells on credit it will increase their account receivable.
7 0
3 years ago
Splish Corporation has retained earnings of $721,100 at January 1, 2020. Net income during 2020 was $1,562,700, and cash dividen
Vitek1552 [10]

Answer and Explanation:

The preparation of the retained earnings statement is presented below:

Opening retained earning balance $721,100

Add: prior period adjustment $86,370

Add: net income $1,562,700

Less: dividend paid $79,000

Ending retained earnings $2,291,170

The above items would be added and deducted that increase and decrease the retained earnings balance

4 0
3 years ago
Other questions:
  • Z-Mart uses the perpetual inventory system and allows customers to use the Z-Mart store credit card in charging purchases. Z-Mar
    11·1 answer
  • An example of an ongoing cost is _____.
    7·2 answers
  • Custom Foot operates six retail locations. At first glance, none looks any different from your basic old-fashioned shoe store, b
    14·1 answer
  • Why would businesses supply more product at higher prices?
    14·2 answers
  • Assume that an investor buys 250 shares of stock at $ 36.55 per​ share, putting up a 46 % margin. a. What is the value of the​ p
    15·1 answer
  • Although a major advantage of the corporate form of entity is the liability protection for its principals, there are some cases
    12·1 answer
  • Tom buys a shirt for $22.00 plus 7% sales tax. His cousin buys a shirt for $18.00 plus 4% sales tax.How much do Tom and his cous
    15·1 answer
  • Cullumber purchased a patent from Vania Co. for $1,230,000 on January 1, 2018. The patent is being amortized over its remaining
    14·1 answer
  • Jack wants to build a business with a 42-foot sign on the top of his building. He believes that the sign will generate a lot of
    10·1 answer
  • Describe the importance of employee benefits as a strategic component of fulfilling the goals of hrm?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!