Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 18, 2024

Ayayai Corp.just began business and made the following four inventory purchases in June: June 1 June 10 June 15 June 28 195 units 260 units

Ayayai Corp.just began business and made the following four inventory purchases in June: June 1 June 10 June 15 June 28 195 units 260 units 260 units 195 units $1170 1820 2080 1755 $6825 A physical count of merchandise inventory on June 30 reveals that there are 260 units on hand. Using the average cost method, the amount allocated to the ending inventory on June 30 is $1821. $2080. $2275. $1950

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting A Focus On Ethical Decision Making

Authors: Jackson

5th Edition

B00651UGQG

More Books

Students also viewed these Accounting questions

Question

★★★★★

Let II be a plane in R3 with unit normal n and x0 II. For each r > 0, let Sr be the disk in II centered at x0 of radius r [i.e., Sr = Br(x0) © II]. Prove that if F: B1(x0) R3 is C1 and ÏSr...

Answered: 1 week ago

Question

★★★★★

29. The article An Analysis of Variance Applied to Screw Machines (Industrial Quality Control, 1956: 89) describes an experiment to investigate how the length of steel bars was affected by time of...

Answered: 1 week ago

Question

★★★★★

On January 1, 2013, Plymouth Corporation acquired 80 percent of the outstanding voting stock of Sander Company in exchange for $1,200,000 cash. At that time, although Sanders book value was $925,000,...

Answered: 1 week ago

Question

★★★★★

Calculate current assets Inventory Cash Accounts Payable Wages Payable Land and Buildings Supplies Unearned Service Revenue Prepaid Insurance Expense Accounts Receivable $41,000 $14,000 $29.000...

Answered: 1 week ago

Question

★★★★★

Sales are 75% cash and 25% credit Credit sales are collected 30% in the month of sale and the remainder in the month after sale. Actual sales in December were $56,000. Schedules of budgeted sales for...

Answered: 1 week ago

Question

★★★★★

Please help with the following Required information [The following information applies to the questions displayed below.] Ken is 63 years old and unmarried. He retired at age 55 when he sold his...

Answered: 1 week ago

Question

★★★★★

Radom Manufacturing produces various products. The company operates a landfill, which it uses to dispose of nonhazardous trash. The trash is hauled from the two nearby manufacturing facilities in...

Answered: 1 week ago

Question

★★★★★

Use the trial balance shown below to prepare financial statements. Haman Consulting Trial Balance December 31, 2019 ACCOUNT NAME DEBIT CREDIT Cash 6,500 Accounts Receivable 2,500 Supplies 1,500...

Answered: 1 week ago

Question

★★★★★

The Plastics Division of Minock Manufacturing currently earns $3.22 million and has divisional assets of $23 million. The division manager is considering the acquisition of a new asset that will add...

Answered: 1 week ago

Question

★★★★★

Rock Music Inc. (RMI), a public corporation, supplied all the sound and lighting equipment for an outdoor concert on July 24, 2021. One of the light stands collapsed and several concert goers...

Answered: 1 week ago

Question

★★★★★

List the various channels through which representatives of your school communicate with you. Indicate the method(s) you prefer and why. (Objective 1)

Answered: 1 week ago

Question

★★★★★

How can assessing a receivers knowledge help a message sender overcome word choice as a communication barrier? (Objectives 4 and 5)

Answered: 1 week ago

Question

★★★★★

Teamwork. Read the following situation and work with another student to list the possible actions the clerk could take to maintain a favorable relationship with the customer. (Objective 2) Tyrone had...

Answered: 1 week ago

Previous Question Next Question