Answer:
$986.39
Explanation:
Given :
Value of items in inventory :
(7 * $52) + (19 * $53) + (25 * $28) + (18 * $65) = $3241
Number of items in inventory :
(7 + 19 + 25 + 18) = 69 units
Weighted average inventory cost :
$3241 / 69 = $46.971014
Number of commodity in hand at year end = 21 units
Amount of inventory at year end using average costing method :
Number of commodity * Average inventory cost
(21 * $46.971014) = $986.39
The amount of inventory at the end of the year according to the average costing method is $986.39
As a general rule concerning job offers, it can be said that <span>"competitive" job offers tend to leave room to negotiate</span>. When a company decides they want to hire a person, they make a job offer that lays out what they are giving the person in return for their employment. They explain the benefits and their job duties. Because job offers are competitive they leave room for the person being hired to negotiate terms before they both agree on them.
Answer: long-term relationships and commitments.
Explanation:
Just in time typically implies long-term relationships and commitment. It requires a good understanding of the supplier and the manufacturer in terms of the quantity and the swiftness with material delivery. When there is a misunderstanding between the manufacturer and the supplier, delivery cones to a halt. This is why there's a need for a long lasting relationship and commitment.
Answer:
$403,000
Explanation:
Calculation for what The unadjusted Cost of Goods Sold for the year was:
Finished goods inventory, 1/1 38,000
Add: Cost of goods manufactured 415,000
Goods available for sale 453,000
(38,000+415,000)
Less Finished goods inventory, 12/31 50,000
Unadjusted Cost of goods sold $403,000
(453,000-50,000)
Therefore The unadjusted Cost of Goods Sold for the year was:$403,000
Answer: 2,900 shovels
Explanation:
Ending Inventory = Beginning Inventory + Total Inventory Purchased - Sales
900 = 500 + Total produced - 2,500
Total Purchased = 900 + 2,500 - 500
Total purchased = 2,900 shovels
NB; There was no beginning balance in your question so I gave a random figure of 500 units. Use the equation if the figure is different.
