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
Nataly [62]
2 years ago
6

Sheridan Company uses a periodic inventory system. For April, when the company sold 450 units, the following information is avai

lable. Units Unit Cost Total Cost April 1 inventory 280 $ 17 $ 4,760 April 15 purchase 420 20 8,400 April 23 purchase 300 22 6,600 1,000 $ 19,760 Calculate weighted average cost per unit.
Business
1 answer:
il63 [147K]2 years ago
8 0

Answer:

Closing inventory - $10,160

Costs of goods sold - $9,600

Explanation:

Under the LIFO Method, the cost of good sold equals to

= April 23 units × cost per unit + Remaining units × cost per unit

= 300 units × $22 + 150 units × $20

= $6,600 + $3,000

= $9,600

Since the firm has sold 450 units, so out of which 300 units sold at a price of $22 and the remaining 150 units sold at a price of $20

The ending inventory equals to

= Remaining units × cost per unit + April 1 × cost per unit

= 270 units × $20 + 280 units × $17

= $5,400 + $4,760

= $10,160

Since on April 23, the 420 units were purchase, out of which 150 units are transferred to the cost of good sold and the remaining units 270 units at $20 is transferred to the ending inventory

You might be interested in
I need a cute name for an estsy buisness where i sell prints… this is a 10 point question and I give brainliest to whoever comes
polet [3.4K]

Answer:

well i think

- flawless copies

- perfect printing

-rapid copies

- papers brought to life

- plastics and prints

-printsey

hope this helps! <3

6 0
2 years ago
During a presentation, promptly complying with requests raised by audience members
ludmilkaskok [199]

During a demonstration, promptly responding to audience members' requests creates your reputation as responsive.

What defines an audience?

An audience is a collection of people who attend a performance or confront a piece of art, literary works (in that they are referred to as "readers"), theater, music (in they are referred to as "hearers"), games consoles (in that they are referred to as "players"), or scholars in any medium.

What is an instance of an audience?

An audience is a crowd of individuals who attend an event. Those who attend an e-sports incident to witness others play a game, for example, are part of a viewer. The image depicts thousands of people crammed into a sphere to witness an e-sports event.

To know more about Audience visit:

brainly.com/question/1802560

#SPJ4

6 0
1 year ago
During _____ processes for a new project, the organization recognizes that a new project exists, and completes a project charter
never [62]

Answer: (D) Initiating

Explanation:

The Initiating processes is one of the phase in the project management life cycle that is necessary for defining the existing project's main objective, success criteria and also the outcome.

The initiating processes helps in providing the effective information or data that is necessary for the developing the project. It is also refers top the process for obtaining the authorization for the given project.    

 According to the given question, the initiating processes recognizing all the existing projects and also complete all the project charter as part of recognition process.  

 Therefore, Option (D) is correct answer.

5 0
2 years ago
Fiscal policy would be more effective if: a. crowding out occurred more often. b. the government could change taxes and expendit
Elodia [21]

Answer:

B) the government could change taxes and expenditures rapidly.

Explanation:

Fiscal policy is the government's spending and taxation policies carried out to influence the country's economy. The government can carry out an expansionary fiscal policy by reducing taxes or increasing spending to try to boost the economy, or it can carry out a contractionary fiscal policy that increases taxes and reduces spending to try to cool down the economy.

Expansionary fiscal policies are carried out to try to increase total aggregate demand, but it also increases the government's deficit and national debt. The main gals of fiscal policy should be to lower unemployment rate and achieve a sustainable economic growth.

4 0
2 years ago
Floyd and Gert enter into a contract by which Floyd promises to deliver fertilizer to Gert. Floyd subsequently transfers this du
Lerok [7]

Answer: an obligor

Explanation:

From the question, we are informed that Floyd and Gert enter into a contract by which Floyd promises to deliver fertilizer to Gert and that Floyd subsequently transfers this duty to Hazel.

In this case, Floyd is an obligor. An obligor os defined as an individual who by contract or due to a legal procedure, undertakes an obligation for another individual.

7 0
3 years ago
Other questions:
  • The process by which invest on margin accounts are credited or debited to reflect daily trading gains or losses is referred to a
    6·1 answer
  • Is it easy to start or stop a mma investment
    9·1 answer
  • The area of accountancy that is focused on arranging company financial information to give to managers to make decisions is
    12·1 answer
  • Listed below are several transactions that took place during the second and third years of operations for the RPG Company. Year
    13·1 answer
  • Mcmurtry corporation sells a product for $180 per unit. the product's current sales are 12,900 units and its break-even sales ar
    8·1 answer
  • The cost of debt capital The cost of debt that is relevant when companies are evaluating new investment projects is the marginal
    6·1 answer
  • The Accounts Receivable account has a beginning balance of $10,000 and the company provides services of $50,000 on account durin
    14·1 answer
  • What is the best definition of elasticity in economics? Elasticity of supply measures how the amount of a good changes when the
    8·1 answer
  • You receive a memo that reads as follows: "In recent months, our customer evaluations have dropped, and our sales have decreased
    14·1 answer
  • Sunland Company gathered the following reconciling information in preparing its July bank reconciliation:
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!