Given the following data, what is the weighted-average cost of ending inventory, rounded to the nearest whole
Question:
Given the following data, what is the weighted-average cost of ending inventory, rounded to the nearest whole dollar?
Transcribed Image Text:
Sales revenue Beginning inventory Purchase 100 units at $10 per unit 50 units at $8 per unit 90 units at $9 per unit a. $400 b. $360 c. $346 d. $864
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Horngrens Accounting Volume 1
ISBN: 9780135359709
11th Canadian Edition
Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura, Carol Meissner, JoAnn Johnston, Peter Norwood
Question Posted:
Students also viewed these Business questions
-
Current Attempt in Progress Swifty Corporation purchased equipment costing $139,200 on January 1, 2021. At that time the useful life of the equipment was estimated to be 12 years and the residual...
-
Scoresby Inc. tracks the number of units purchased and sold throughout each year but applies its inventory costing method at the end of the year as if it uses a periodic inventory system. Assume its...
-
6. Use subquery and show details of the customers that have not placed any orders. If a customer (i.e, its CustomerID) is not in the table of orders, that means the customer has not placed any...
-
a. Calculate the quick ratio of company B in FY2020. State what factors need to be considered when evaluating company B?s short-term liquidity and analyse the impact of these factors on the...
-
Provide the necessary reagents next to the arrows. Cl NO2 so. SO,H CH2CH NH2 BrCHCH HOCHCH COOH CH2CH CH CHBr CH-CH -, CH2CH2OH Cl C-N OH CHANH
-
Beyond Music provides DJ services for events such as high school dances, weddings, and corporate events. Michael Cantu started the business on June 1, 2023. The June activities resulted in totals at...
-
1 2 Explain why understanding what customers want is a valuable investment.
-
The Weather channel reports that it is a hot, muggy day with an air temperature of 90F, a 10 mph breeze out of the southwest and bright sunshine with a solar insulation of 400 W/m2. Consider the wall...
-
What is both of the VLOOKUP formulas? You were told by your boss to design a sales report model which allows a user to see the quantity sold for a given product for a selected sales agent. See below...
-
Assume the following data for Burnette Sales for 2020: December 31, a physical count reveals 15 units on hand. Under the FIFO method (assuming a perpetual inventory system), what would ending...
-
Refer to this chapters opening feature about Million Dollar Home Page. Assume that Alex Tew decides to open a new Website to meet customer demand. This new company will be called Million Dollar...
-
Hannah Ortega is considering expanding her business. She plans to hire a salesperson to cover trade shows. Because of compensation, travel expenses, and booth rental, fixed costs for a trade show are...
-
1. Write short notes on image segmentation. 2. Write short notes on edge detection 3.Write Short notes on edge linking by local processing.
-
4. Write short notes on the applications of artificial neural networks in image processing.
-
What are the functions of a finance manager of a small firm?
-
Q1. (a) Name the types of reactions that organic compounds undergo (b) Differentiate between (i) electrophile and nucleophile
-
CH4 Br, Ligtht Q2. (a) CH3Br + HBr Propose a mechanism for the reaction; indicating initiation, propagation and termination.
-
Herb wants to work exactly 12hr/wk to supplement his graduate fellow-ship. He can either work as a clerk in the library at $6/hr or tutor first- year graduate students in economics. Pay differences...
-
How has the too-big-to-fail policy been limited in the FDICIA legislation? How might limiting the too-big-to-fail policy help reduce the risk of a future banking crisis?
-
(1) What is a single-step Income Statement and how does it differ from a multiple-step Income Statement? Discuss the benefits or drawbacks of each. Why would a business choose one over the other? (2)...
-
The net income for Year 1 (the first year of operations for the company) was $21,000 and dividends of $12,500 were paid. In Year 2, the company reported net income of $35,000 and paid dividends of...
-
Reba Dixon is a fifth grade school teacher who earned a salary of $38,000 in 2020. She is 45 years old and has been divorced for four years. She receives $1,200 of alimony payments each month from...
Study smarter with the SolutionInn App