subject
Business, 15.04.2020 02:01 babylear

Three identical units of merchandise were purchased during July, as follows: Date Product T Units Cost July 3 Purchase 1 $17.00 10 Purchase 1 20.00 24 Purchase 1 23.00 Total 3 $60.00 Average cost per unit $20.00 Assume one unit sells on July 28 for $30.00. Determine the gross profit, cost of goods sold, and ending inventory on July 31 using (a) first-in, first-out, (b) last-in, first-out, and (c) average cost flow methods.

ansver
Answers: 2

Other questions on the subject: Business

image
Business, 21.06.2019 13:30, 201889992
Who collects federal taxes? a. irs b. ins c. treasury d. federal reserve
Answers: 2
image
Business, 22.06.2019 02:00, zykia1002
Greater concern for innovation and quality has shifted the job trend to using more broadly defined jobs. t/f
Answers: 1
image
Business, 22.06.2019 10:00, tiarafaimealelei
The solution set for -18 < 5x-3 iso-3х3< xо-3хo3 > x
Answers: 3
image
Business, 22.06.2019 13:10, Hannahdavy5434
Thomas kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation. thomas's fastest-moving inventory item has a demand of 6,000 units per year. the cost of each unit is $100, and the inventory carrying cost is $10 per unit per year. the average ordering cost is $30 per order. it takes about 5 days for an order to arrive, and the demand for 1 week is 120 units. (this is a corporate operation, and the are 250 working days per year.)a) what is the eoq? b) what is the average inventory if the eoq is used? c) what is the optimal number of orders per year? d) what is the optimal number of days in between any two orders? e) what is the annual cost of ordering and holding inventory? f) what is the total annual inventory cost, including cost of the 6,000 units?
Answers: 3
You know the right answer?
Three identical units of merchandise were purchased during July, as follows: Date Product T Units Co...

Questions in other subjects:

Konu
History, 12.10.2020 16:01