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earnstyle [38]
1 year ago
12

At the beginning of Year 2 , Benson Company had beginning inventory of 150 units that cost $200 each. During Year 2, Benson made

two inventory purchases. Purchase 1 consisted of 500 units at a ost of $210. The second purchase consisted of 350 units that cost $220 each. Assuming Benson uses weighted average cost flow and sells 700 units of inventory during Year 2, the amount of ending inventory would be
Business
1 answer:
lawyer [7]1 year ago
7 0

Answer:

$63,600

Explanation:

Th weighted average method is one that ensures that all the various prices at which inventory is bought is considered to determining the price at which inventory is issued.

Amount of Inventory at

= (150 × 200) + (500 × 210) + (350 × 220) = $212,000

Total quantity (before sales) = 150 + 500 + 350 = 1000 units

Weight average cost per unit = $212,000/1000 = $212

The 700 units sold will be value at $212 per unit.

Hence total cost of goods sold = $212 × 700 = $148,400

Closing inventory amount = $212,000 - $148,400

= $63,600

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Roy and Monica are married and will file a joint return. They have a daughter, Rachel, age 5. While Roy works and Monica looks f
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Explanation:

1. Let's review the information given to us to answer the question correctly:

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<u>Unfortunately, like Monica had no earned income and they're filing jointly, Roy and Monica can't claim the credit.</u>

3 0
1 year ago
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Explanation:

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DanielleElmas [232]

Answer:

<h2>In this case,the answer would be option b) or They are considered as financial forecast.</h2>

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  • Any prospective financial statements is a highly important and confidential document for any legitimate business organization  and should be prevented from being disclosed, especially to any external sources.
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