subject
Business, 15.11.2019 05:31 ahrensy8444

Acompany uses the weighted-average method of inventory valuation under a periodic inventory system. the company began the year with a zero inventory balance. they had the following transactions during the year. 1. purchased 64 units at $5 per unit 2. purchased 110 units at $5 per unit 3. sold 90 units at $10 per unit 4. purchased 55 units at $6 per unit 5. sold 90 units at $13.50 per unit at the end of the year, the company counted the inventory and found 49 units remaining. calculate the cost of goods sold for the year. (round the unit costs to two decimal places and total costs to the nearest dollar.

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 15:20
Sauer food company has decided to buy a new computer system with an expected life of three years. the cost is $440,000. the company can borrow $440,000 for three years at 14 percent annual interest or for one year at 12 percent annual interest. assume interest is paid in full at the end of each year. a. how much would sauer food company save in interest over the three-year life of the computer system if the one-year loan is utilized and the loan is rolled over (reborrowed) each year at the same 12 percent rate? compare this to the 14 percent three-year loan.
Answers: 3
question
Business, 22.06.2019 17:20
States that if there is no specific employment contract saying otherwise, the employer or employee may end an employment relationship at any time, regardless of cause. rule of fair treatment due-process policy rule of law employment flexibility employment at will
Answers: 1
question
Business, 22.06.2019 20:20
As you have noticed, the demand for flip phones has drastically reduced, and there are only a few consumer electronics companies selling them at extremely low prices. also, the current buyers of flip phones are mainly categorized under laggards. which of the following stages of the industry life cycle is the flip phone industry in currently? a. growth stage b. maturity stage c. decline stage d. commercialization stage
Answers: 2
question
Business, 22.06.2019 21:50
Varto company has 9,400 units of its sole product in inventory that it produced last year at a cost of $23 each. this year’s model is superior to last year’s, and the 9,400 units cannot be sold at last year’s regular selling price of $42 each. varto has two alternatives for these items: (1) they can be sold to a wholesaler for $8 each, or (2) they can be reworked at a cost of $251,100 and then sold for $34 each. prepare an analysis to determine whether varto should sell the products as is or rework them and then sell them.
Answers: 2
You know the right answer?
Acompany uses the weighted-average method of inventory valuation under a periodic inventory system....
Questions