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photoshop1234 [79]
2 years ago
11

Oriole Company uses a periodic inventory system. Details for the inventory account for the month of January 2017 are as follows:

Units Per unit price Total Balance, 1/1/2017 340 $6.0 $2040 Purchase, 1/15/2017 170 ..6 1003 Purchase, 1/28/2017 170 ..6 1054 An end of the month (1/31/2017) inventory showed that 270 units were on hand. How many units did the company sell during January 2017?
Business
1 answer:
Marta_Voda [28]2 years ago
5 0

Answer:

The number of units sold by the company during January 2017 is 410.

Explanation:

Note: The data in the question are merged together. They are therefore sorted before answering the question as follows:

                                Units         Per unit price         Total

Balance, 1/1/2017        340                  $6.0              $2040

Purchase, 1/15/2017    170                     ..6                  1003

Purchase, 1/28/2017    170                    ..6                  1054

The explanation of the answer is now given as follows:

Total units available for sales during January 2017 = 340 + 170 +170 = 680

Units on hand at end of the month (1/31/2017) = 270

Number of units sold by the company during January 2017 = Total units available for sales during January 2017 - Units on hand at end of the month (1/31/2017) = 680 - 270 = 410

Therefore, the number of units sold by the company during January 2017 is 410.

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The following information is available for Blue Spruce Corp. for 2021:
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Answer:

  • Other Comprehensive income = $37,500
  • Comprehensive income = $154,500

Explanation:

Other comprehensive income:

= Realized gain on sale of available-for-sale debt securities  + Unrealized holding gain arising during the period on available-for-sale debt securities - Reclassification adjustment for gains included in net income

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Comprehensive income = Net income + Other comprehensive income

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Explain the difference between mandatory and discretionary spending? provide an example of each kind of spending"
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3 years ago
When presenting a persuasive speech, one speech goal is to ask the audience members to perform a certain action, also know as pe
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behavior.

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The Davis Corporation budgeted factory overhead at $250,000 for the period for the Assembly department, based on a budgeted volu
Igoryamba

Answer:

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