Business, 01.07.2021 15:50 devinr36

Jammer Company uses a weighted average perpetual inventory system and reports the following: August 2 Purchase 24 units at $18.50 per unit. August 18 Purchase 26 units at $20.00 per unit. August 29 Sale 48 units. August 31 Purchase 29 units at $21.50 per unit.
What is the per-unit value of ending inventory on August 31? (Round your per unit answers to 2 decimal places.)

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Answer from: darg3990rgp2t0r2

$21.36

Explanation:

Weighted average inventory system works by taking the average of the inventory prices on the different days.

Price on August 29 which is date of sale:

= {(Units purchased on August 2 * Unit cost on August 2) + ( Units purchased on August 18 * Unit cost on August 18)] / (Units purchased on August 2 + Units purchased on August 18)

= [ ( 24 * 18.50) + (26 * 20) ] / (24 + 26)

= $19.28 per unit

48 units were sold so the number of units left are:

= 24 + 26 - 48

= 2 units

Price on August 31

= [ (Units remaining on August 29 * Unit cost on August 29) + ( Units purchased on August 31 * Unit cost on August 31)] / (Units remaining on August 29 + Units purchased on August 31)

= [ (2 * 19.28) + (29 * 21.50) ] / ( 2 + 29)

= $21.36

Answer from: Quest

cognitive overload: having a lot on your mind impairs decision-making and tends to result in the simplest, but not necessarily best, option being selected.

empathy gaps: overlooking how you might feel in a different situation can result in unnecessary purchases, such as overbuying when shopping for food on an empty stomach.

optimism and overconfidence: wearing rose-tinted glasses and having unrealistic expectations about the future can affect money management and leave you unprepared for a change in circumstance.

instant gratification: seeking instant gratification drives impulsive spending and can undermine long-term planning and savings.

harmful habits: automatic or mindless behaviour can amplify a poor financial decision as it becomes a recurring event.

social norms: we are heavily influenced by the actions of others; while this can be in certain circumstances, it also contributes to the pressure to keep up with the joneses through conspicuous consumption.

Answer from: Quest

The answer is yes it's correct they have to guarantee that job back when they come back

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