Encrypting your link and protect the link from viruses, malware, thief, etc! Made your link safe to visit.

Question


 

Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Also, on December 15, Monson sells 28 units for $35 each.
  

 
Purchases on December 718 units @ $14.00 cost
Purchases on December 1433 units @ $21.00 cost
Purchases on December 2128 units @ $25.00 cost
 

 

Required:
Monson sells 28 units for $35 each on December 15. Monson uses a perpetual inventory system. Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method. (Round your per unit costs to 2 decimal places.)
  

 


Answer:


Step 1

Perpetual inventory system:-in this method, a record of sales and purchase of inventory is the continuous process. This helps in maintaining the inventory balance of the company. Also helps in calculating the ending balance of inventory units.

Step 2

Determining the cost assigned to ending inventory when cost are assigned based on weighted Average Method:-

Accounting homework question answer, step 2, image 1

Ending Inventory as of Dec 31 is $1,125.96.

Cost of goods sold is $518.56.

ST

Search This Blog

Labels

Report Abuse

QUESTION 6 (a) The bar shown in Figure Q2(a) is subjected to tensile load of 150 Kn. If the stress in the middle portions is limited to 160 N/mm², determine the diameter of the middle portion. Find also the length of the middle portion if the total elongation of the bar is to be 0.25 mm. E E = 2.0 + 105N/mm². (12 marks) 150 KN 10 cm DIA 10 cm DIA 150 KN 45 cm Figure Q6(a) (b) A brass bar, having cross-section area of 900 mm², is subjected to axial forces as shown in Figure Q2(b), in which AB = 0.6 m, BC = 0.8 m, and CD = 1.0 m. Find the total elongation of the bar. E = 1.0 + 105N/mm2 . (8 marks) Page 4 of 5 B D 40 KN 70 KN 20 KN 10 KN Figure Q6(b) (TOTAL = 20 MARKS)

  Question: Show transcribed image text Answer:
SERVER DISCORD FREE CHEGG, COURSEHERO, BARTLEBY https://discord.gg/eGMtZaqSZP https://www.coursehero.com/tutors-problems/Environmental-Science/29241920-Compare-and-contrast-chemical-oxidation-and-chemical-reduction-technol/?justUnlocked=1 ad Oxidation-reduction reaction , also called redox reaction , any chemical reaction in which the oxidation number of a participating chemical species changes. The term covers a large and diverse body of processes. Many oxidation-reduction reactions are as common and familiar as fire, the rusting and dissolution of metals, the browning of fruit, and respiration and photosynthesis—basic life functions.  Oxidation is the  gain  of oxygen. Reduction is the  loss  of oxygen. Most oxidation-reduction (redox) processes involve the transfer of oxygen atoms, hydrogen atoms, or electrons, with all three processes sharing two important characteristics: (1) they are coupled in any oxidation reaction a reciprocal reduction occu...

Contributors