answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
gogolik [260]
2 years ago
5

A company had the following purchases and sales during its first month of operations: January 1 Purchased 10 units at $4.00 per

unit January 9 Sold 6 units at $12.00 per unit January 17 Purchased 8 units at $5.50 per unit January 27 Sold 7 units at $12.00 per unit Using the Perpetual weighted average method, what is the value of cost of goods sold? (Round weighted average costs per unit to 2 decimal places.) $40.00. $59.00. $25.00. $24.00. $23.35.
Business
1 answer:
iragen [17]2 years ago
4 0

Answer:

$59.00.

Explanation:

Because it is perpetual method we will check the inventory available at the moment of each sale.

<u />

<u>First sale:</u>

Inventory Available Jan 1st 10 units at $4

sales 6 units COGS $4 = 24

<u>Second Sale:</u>

Inventory Available Jan 1st   4 units at $4         $16

                               Jan 17th  8 units at  $5.5     $44

Total 12 untis at $60 = 60/12 = $5 per unit

sales 7 units COGS $5 = 35

Total COGS 35 + 24 = 59

You might be interested in
CatNap Company has two products: Kittyz and Katz. A March sales forecast projects 20,000 units of Kittyz and 15,000 units of Kat
Brut [27]

Answer:

The total March sales that Kittyz anticipated is $100,000.

Explanation:

The details of beginning and ending inventory are irrelevant for sales; they are relevant only for production quantity.

total March sales for Kittyz anticipated = 20000*$5

                                                                 = $100,000

Therefore, The total March sales that Kittyz anticipated is $100,000.

8 0
2 years ago
The overall goal of monitoring, audits, and inspection activities is to:
Harrizon [31]

Answer;

Ensure the protection of human research subjects and data integrity.

The overall goal of monitoring, audits and inspection activities is to ensure the protection of human research subjects and data integrity.

Explanation;

-Monitoring is the act of overseeing the progress of a clinical trial, and of ensuring that it is conducted, recorded, and reported in accordance with the protocol, SOPs, GCP and applicable regulatory compliance.

-Inspection is a review conducted by a regulatory authority to assure human subject protections and regulatory complication and to verify the data.

4 0
2 years ago
Accounting for just-in-time operations requires fewer transactions because
Lera25 [3.4K]
Foley Electronics Corporation manufactures and assembles electronic motor drives for video cameras.The company assembles the motor drives for several accounts. The process consists of a just-in-time cellfor each customer. The following information relates only to one customer's just-in-time cell for thecoming year. Projected labor and overhead, $4,800,000; materials costs, $25 per unit. Planned productionincluded 2,400 hours to produce 19,200 motor drives. Actual production for August was 1,300 units, and<span>motor drives shipped amounted to 1,260 units</span>
7 0
2 years ago
The ACC Tutoring Service provides tutoring to accounting students. The volume of tutoring is low at the beginning of the semeste
mrs_skeptik [129]

Answer:

Estimated fixed cost is $17,500.

Explanation:

Applying the high-low method, first, we calculated the variable cost per unit of the firm: ( 125,000 - 55,000) / (4,300 - 1,500) = $25 per tutoring hour.

We have : Total cost of a firm = Variable cost per tutoring hour x tutoring hour delivered + fixed cost.

put the number in the formula, using the high point ( using low point will also result in the same result of fixed cost), we have:

125,000 = 25 x 4,300 + fixed cost <=> Fixed cost = 125,000 - 25 x 4,300 = $17,500.

8 0
2 years ago
When American Airlines decided to review new ideas aimed at first-class passengers on very long flights, like an ultra high-spee
Butoxors [25]

Answer:

define the problem and research objectives

Explanation:

According to my research on the marketing research process, I can say that based on the information provided within the question their first step was to define the problem and research objectives. This allows the company to come up with the right strategy for this specific situation in order to achieve their objectives.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

4 0
2 years ago
Other questions:
  • Which strategy are you using when you only read the title, section headings, and captions?
    14·1 answer
  • Assume that the demand for tuna in a small coastal town is given by p = 400,000 q1.5 , where q is the number of pounds of tuna t
    6·1 answer
  • Cash Short and Over Entries 1. Based on the information, prepare the weekly entries for cash receipts from service fees and cash
    10·1 answer
  • As a head of the planning commission of Midwest Motors, your job is to determine where to locate a new plant. Y
    12·1 answer
  • Management's philosophy at Nike has often been that a fit body contributes to more productivity at work. Nike provides exercise
    12·1 answer
  • At the beginning of the year, Monroe Company estimates annual overhead costs to be $2400000 and that 300000 machine hours will b
    14·1 answer
  • On October 1, 2017, Vaughn, Inc., leased a machine from Fell Leasing Company for five years. The lease requires five annual paym
    15·1 answer
  • The president of Ravens Inc. attended a seminar about the contribution margin model and returned to her company full of enthusia
    11·1 answer
  • If Local Co. had an increase in selling expenses of $300,000​, how would that affect each of its​ margins?  ​
    7·1 answer
  • A strategy to be a low-cost provider of branded footwear is unlikely to result in the company being one of the best-performers i
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!