Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

---------------------- Novak Corp, Inc. had a beginning inventory of 100 units of Product RST at a cost of $9 per unit. During the year, purchases

image text in transcribed
image text in transcribed
----------------------
image text in transcribed
image text in transcribed
Novak Corp, Inc. had a beginning inventory of 100 units of Product RST at a cost of $9 per unit. During the year, purchases were: at at Feb. 20 May 5 585 units 475 units $10 $11 Aug 12 Dec 8 405 units 95 units $12 $13 at at Novak Corp, uses a periodic inventory system, Sales totaled 1.435 units. Calculate average cost per unit. (Round answer to 3 decimal places, eg. 2.237.) Average cost per unit $ Suppose this information is available for PepsiCo, Inc. for 2020, 2021, and 2022. 2020 2021 2022 (in millions) Beginning inventory Ending inventory Cost of goods sold Sales revenue $107,500 317,000 903,000 1,204,000 $317,000 415,500 1,129,500 1,605,500 $415,500 484,000 1,310,000 1,902,000 Calculate the days in inventory for 2020 2021. and 2022. (Round answers to 1 decimal places, e.g. 15.2.) 2020 2021 2022 Days in days days days inventory

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Corporate Fraud Prevention And Detection

Authors: Joseph T. Wells

5th Edition

1119351987, 9781119351986

More Books

Students also viewed these Accounting questions

Question

=+What are the actions in this decision process?

Answered: 1 week ago