Business, 26.03.2020 21:56 micvar9646

Pronghorn Corp uses a periodic inventory system. Its records show the following for the month of May, in which 78 units were sold.
Date Explanation Units Unit Cost Total Cost
May 1 Inventory 35 $8 $280
15 Purchase 25 9 225
24 Purchase 40 10 400
Total 100 $905
Required:
1. Calculate the weighted average unit cost. (Round answer to 3 decimal places, eg. 5.125.)
2. Calculate the ending inventory at May 31 using the FIFO, LIFO and average-cost methods. (Round answers to 0 decimal places, e. g. 125.)

Answers: 3

Show answers

Other questions on the subject: Business

Business, 22.06.2019 11:30, deedivinya

What would you do as ceo to support the goals of japan airlines during the challenging economics that airlines face?

Answers: 1

continue

Business, 23.06.2019 02:00, 20jmurphy82

One country has a comparative advantage over another country in the production of a good if ithas a curved production possibilities curve and the other country has a linear production possibilities curve. has lower fixed costs than the other country. has a linear production possibilities curve and the other country has a curved production possibilities curve. is a lower opportunity cost producer of the good.

Answers: 1

continue

Business, 23.06.2019 18:00, laylay1548

What will be the total costs for tara's first year at the out-of-state college?

Answers: 2

continue

Business, 23.06.2019 21:10, epicriderexe

Which of the following best describes how manufacturing creates wealth? increases the number of affluent americans living in the united states and abroad drives the stock market, thus creating wealth for investors provides many low-wage jobs, driving down the unemployment rate increases the value of raw materials by turning them into something people and companies will purchase

Answers: 1

continue

You know the right answer?

Pronghorn Corp uses a periodic inventory system. Its records show the following for the month of May...