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
malfutka [58]
2 years ago
7

You are provided with the following information for Najera Inc. for the month ended June 30, 2017. Najera uses the periodic meth

od for inventory.
Date Description Quantity Unit Cost or Selling Price
June1 Beginning inventory 38 $42
June4 Purchase 135 $46
June10 Sale 108 $70
June11 Sale return 12 $70
June18 Purchase 58 $48
June18 Purchase return 9 $48
June25 Sale 64 $75
June28 Purchase 33 $52

Required:
Calculate cost per unit.
Business
1 answer:
Goshia [24]2 years ago
3 0

Answer:

$46.56

Explanation:

Calculation to determine the cost per unit.

Units Units Cost Total cost

June1 Beginning inventory 38* $42 =$1,596

June4 Purchase 135 *$46=$6,210

June18 Purchase 58 *$48=$2,784

June18 Purchase return (9) *$48=($432)

June28 Purchase 33 *$52=$1,716

Total= 255 $11,874

Now let calculate the cost per unit using this formula

Weighted average cost per unit=Costs of goods sold for sale/Units available for sales

Let plug in the formula

Weighted average cost per unit=$11,874/255

Weighted average cost per unit=$46.56

Therefore the cost per unit is $46.56

You might be interested in
On July 1, SHady resort borrowed 350,000 cash by signing a 10-year, 8.5 % installment note requiring equal payments each June 30
Nadusha1986 [10]

Answer:

$29,750

Explanation:

Since the Annual Payments of $53,343 are all equal for the period of 10 years at 8.5% installment note, therefore we Simple interest formula here to calculate the interest amount;

I = Prt

P = Principal Amount = $350,000

r = Interest Rate = 8.5%

t = time = 10-year

I = Interest = 350,000 x 0.085 x 10  = 297,500

Hence, the first annual payment of interest expense will be:

= 297,500 / 10 = $29,750

3 0
3 years ago
Pierce Bailey, a sales executive at a mobile service company, needs to document details of the sales calls he makes on a daily b
olga55 [171]

Answer: Explicit knowledge.

Explanation: Pierce Bailey takes record of clear and fully detailed information for his company, for the company to have an explicit knowledge of all calls he makes.

An explicit knowledge of an information means that the information is clear with nothing hidden.

5 0
3 years ago
The effective tax rate is Equal to the taxes paid divided by taxable income. The percentage of tax payable on the last dollar of
KIM [24]

Answer:

The correct answer is: Equal to the taxes paid divided by taxable income.

Explanation:

The effective tax rate is the ratio of the total tax burden of an individual and their taxable income. It is considered as a better representative of the tax burden of an individual than the marginal tax rate.  

It shows the average rate at which an individual's income and assets are taxed. The effective tax rate of an individual is lower than the marginal tax rate.  

To calculate the effective tax rate, the individuals can add their total tax burden and divide the sum by their taxable income. It represents the percentage of taxable income that an individual has to pay as taxes.  

5 0
3 years ago
Apakah anda pernah melakukan barter?
atroni [7]
Transfer to English please?
3 0
3 years ago
True/False
AlladinOne [14]

Answer:

True

Explanation:

An intrapreneur is a worker in charge of developing an innovative idea or project within a company. The intrapreneur may not face major risks or may not receive an entrepreneur's major rewards. However, an intrapreneur can access the resources and capabilities of an established company. An intrapreneur works within a company to develop an innovative project or project that will increase the future of the company. The intrapreneur is usually given autonomy to work on a project that can have a significant impact on the company. Over time, an intrapreneur can become an entrepreneur.

8 0
3 years ago
Other questions:
  • A T-bill that is 290 days from maturity is selling for $96,040. The T-bill has a face value of $100,000.
    8·1 answer
  • At the beginning of June, Rhone Company had two jobs in process, Job 44 and Job 45, with the following accumulated cost informat
    12·1 answer
  • 2 â__________ segmentation is done according to an objective measurable, physical, or other classification attribute of potentia
    11·1 answer
  • What is biosecurity? why is it an important area of research?
    12·1 answer
  • Which statement below best answers the economic question How to produce?. . Marco's products sell at prices ranging between $2 a
    10·2 answers
  • Please help!!
    7·1 answer
  • Consider the following information about an asset that is being review for impairment: Book value $ 700,000 Estimate future cash
    11·1 answer
  • How does a fixed exchange rate set the value for a currency?
    9·1 answer
  • In the process of reconciling its bank statement for January, Maxi's Clothing's accountant compiles the following information:
    10·1 answer
  • if you expect the inflation rate to be 15 percent next year and a one-year bond has a yield to maturity of 7 percent, then the r
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!