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
Crazy boy [7]
2 years ago
9

Inventory records for Marvin Company revealed the following: Date Transaction Number of Units Unit Cost Mar. 1 Beginning invento

ry 900 $ 7.26 Mar. 10 Purchase 520 7.76 Mar. 16 Purchase 452 8.36 Mar. 23 Purchase 510 9.06 Marvin sold 1,760 units of inventory during the month. Ending inventory assuming FIFO would be: (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.)
Business
1 answer:
lakkis [162]2 years ago
3 0

Answer:

Ending inventory cost= $5,556.92

Explanation:

Giving the following information:

Mar. 1 Beginning inventory 900 $ 7.26

Mar. 10 Purchase 520 7.76

Mar. 16 Purchase 452 8.36

Mar. 23 Purchase 510 9.06

Units sold= 1,760

<u>Under the FIFO (first-in, first-out) method, the ending inventory is calculated using the costs of the last units incorporated into inventory:</u>

<u></u>

Units in ending invnetory= 2,382 - 1760= 622

Ending inventory cost= 510*9.06 + 112*8.36

Ending inventory cost= $5,556.92

You might be interested in
Sprout has created a unique market offering by integrating its programs with both children and parents. This unique offering tha
FrozenT [24]

Answer: Differentiating

Explanation:

Sprout company as described in the question are making use of product differentiation to ensure parents and children consumption needs are met. Product differentiation in marketing occurs when a company distinguishes their products to meet the needs of the different types of consumer groups available in their target market.

8 0
3 years ago
What term describes the short period of unemployment used for matching job seekers to jobs?
slamgirl [31]
The correct answer is letter C. Structural unemployment describes the short period of unemployment used for matching job seekers to jobs. This happens when there is no available job that the economy can offer that would match the employees general skills. 
5 0
3 years ago
The yield to maturity on a discount bond is: equal to both the coupon rate and the current yield. equal to the current yield but
dlinn [17]

Answer:

greater than both the current yield and the coupon rate.

Explanation:

A discount bond is a bond that at the point of issuance, it's less than its face or par value.

When a bond is trading for less than its face value in the market, it's known as a discount bond.

The yield to maturity on a discount bond is greater than both the current yield and the coupon rate. This simply means that the coupon rate is usually lower than the yield to maturity of the discount bond.

Additionally, the yield to maturity can be defined as the bond's total rate of return required by the secondary market while the coupon rate is defined as the annual interest of a bond divided by its face value.

For instance, when a bond is issued at a par or face value of $5,000, at maturity the investor would be paid $5,000. But because bonds are being sold before its maturity, it would trade below its face value.

Hence, a bond with the face value of $5,000 could trade for as low as $4,800, thus making it a discount bond.

8 0
3 years ago
Exam early childhood education
Rashid [163]
Idk whats your qwestion
3 0
3 years ago
The title of this talk is “Profit’s Not Always the Point.” But do you think profit is an added perk for companies that make the
Fantom [35]

Explanation:

<h2><em><u>The title of this talk is “Profit's Not Always the Point.” But do you think profit is an added perk for companies that make the effort to promote positive social change? Explain. Yes, if you can promote social change and make money it is great. Their doing what they said they would and making money.</u></em></h2><h2 />
7 0
3 years ago
Other questions:
  • Factor Co. can produce a unit of product for the following costs: Direct material $ 8 Direct labor 24 Overhead 40 Total product
    11·1 answer
  • _____ occurs when an advertiser underwrites the total cost of a program.
    10·1 answer
  • What can communicators do to ensure facts, rather than vague impressions, are shared?
    7·1 answer
  • During the course of your examination of the financial statements of Trojan Corporation for the year ended December 31, 2015, yo
    9·1 answer
  • Company X had net income of $200,000 in the year 2016. At the beginning of 2016, there were 500,000 shares of outstanding common
    7·1 answer
  • John, a product manager, ensures that his team has regular meetings and no team member is absent during the meetings. He also en
    5·1 answer
  • Please list 3 New Years Resolutions and explain why you chose these.
    14·1 answer
  • One disadvantage of the BYOD strategy is the potential for __________. Group of answer choices cost savings increased flexibilit
    14·1 answer
  • January 12, purchased supplies for cash, to be used all year, $3,850; December 31, physical count of remaining supplies, $850
    6·1 answer
  • why is the daily scrum held at the same time and same place? group of answer choices the consistency reduces complexity. the pla
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!