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
Alexandra [31]
3 years ago
12

Maxim Corp. has provided the following information about one of its products: Date Transaction Number of Units Cost per Unit 1/1

Beginning Inventory 200 $ 140 6/5 Purchase 400 $ 160 11/10 Purchase 100 $ 200 During the year, Maxim sold 400 units. What is cost of goods sold using the average cost method
Business
1 answer:
aniked [119]3 years ago
5 0

Answer:

$64,000

Explanation:

Calculation to determine the cost of goods sold using the average cost method

First step is to calculate the Average cost

Average cost = [(200 × $140) + (400 × $160) + (100 × $200)] ÷ 700 units

Average cost= $160

Now let calculate the Cost of goods sold

Cost of goods sold = $160 × 400 units

Cost of goods sold = $64,000

Therefore the cost of goods sold using the average cost method will be $64,000

You might be interested in
A dozen eggs cost $0.96 in December 2000 and $2.75 in December 2015. The average wage for workers in private industries was $14.
Tom [10]

Answer:

By 186% the price of a dozen eggs rise.

Explanation:

Given that,

Cost in December 2000 = $0.96

Cost in December 2015 = $2.75

Average wage for December 2000 = $14.28 per hour

Average wage for December 2015 = $21.26

By considering these information, we are able to calculate the increase price percentage of a dozen eggs. The calculation is shown below:

= (December 2015 price - December 2000 price ) ÷ (December 2000 price) × 100

= ($2.75 - $0.96) ÷ ($0.96) × 100

= ($1.79) ÷ ($0.96) × 100

=  186%

Thus, by 186% the price of a dozen eggs rise.

4 0
3 years ago
The purpose of the ______________________ is to address financial uncertainty and provide the nation with a more stable economy.
katen-ka-za [31]

Answer:

The Federal Reserve System

Explanation:

The Federal Reserve System represents the United State's Central bank. It is also called either the Fed or the Federal Reserve.

Created by the U.S. congress, the Fed is in charge of the affairs of the financial system of the United States. Specifically, it was created to ensure that the financial system is flexible, safe and <u>monetarily stable</u>.

The Fed regulates banking activities, maintains the stability of the financial system and is also in charge of the monetary policies adopted in the United States.

8 0
3 years ago
Which item is a benefit of using the travel card?
Leviafan [203]

Using a travel card hinders a traveler or adventurer from being forced to use their own cash for authorized travel expenditures. Having a travel card gives you many benefits. Using a travel card is a widespread, useful and safe method nowadays, to purchase overseas currencies and take it out of the country. A travel card can be stress-free and more secure than bringing cash or traveler’s cheques, for the reason that you can preload a card with a distinct currency or numerous, depending on your travel ideas.

4 0
3 years ago
I would reslly appreciate the help?
BartSMP [9]

Answer:

i think I will try maybe the answer is b

3 0
3 years ago
Read 2 more answers
Which of the following is NOT a managerial practice designed to improve the implementation of marketing programs? Schedule preci
Julli [10]
Answer


Reward successful marketing program implementation by giving team members bonuses, recognition awards, promotions, etc.
8 0
3 years ago
Read 2 more answers
Other questions:
  • An old bond's market value is above its par value, the bond is selling at a ________. this occurs because the old bond's coupon
    7·1 answer
  • Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. The company has two manufacturin
    11·1 answer
  • "what must be demonstrated to prove that a company engaged in predatory pricing?"
    6·2 answers
  • Du Pont had cash flow from operations of $5,070, cash flows from investments of $(1,244), cash flows from financing of $(3,537),
    8·2 answers
  • Calligraph Publishing Company has created a system for storing every piece of data about every one of its books, both those that
    13·1 answer
  • An inexperienced accountant for Cheyenne Corp. showed the following in the income statement: income before income taxes $371,000
    13·1 answer
  • He commenced business with Rs 60000 cash and goods worth Rs 20000 .(Journal entries) ​
    8·1 answer
  • Ways in which government can regulate the setting up of businesses​
    9·1 answer
  • What system is based on the supply and demand of goods to make a profit?.
    11·1 answer
  • A capital budgeting project is expected to have the following cash flows: Year Cash Flows 0 -$850,000 1 $300,000 2 $400,000 3 $5
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!