Question

the average unit cost is determined by dividing the total cost of goods available for sale...

the average unit cost is determined by dividing the total cost of goods available for sale by: a

A• Units available for sale

B• Units in ending inventory

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
M7-7 Calculating Cost of Goods Available for Sale, Cost of Goods Sold, and Ending Inventory under...
M7-7 Calculating Cost of Goods Available for Sale, Cost of Goods Sold, and Ending Inventory under FIFO, LIFO, and Weighted Average Cost (Periodic Inventory) [LO 7-3] Aircard Corporation tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method at the end of each period as if it uses a periodic inventory system. The following are the transactions for the month of July. Units Unit Cost July 1 Beginning Inventory 2,500 $ 50...
Cost of goods available for sale is: a) beginning inventory + cost of goods sold. b)...
Cost of goods available for sale is: a) beginning inventory + cost of goods sold. b) cost of goods sold + purchases. c) ending inventory + cost of goods sold. d) purchases + ending inventory.
What is the average cost ending inventory? (Round to 2 decimal places.) Total units available for...
What is the average cost ending inventory? (Round to 2 decimal places.) Total units available for sale = 121 Total costs of units available for sale = $ 476.50 Units in ending inventory = 24
Inventory by Three Methods; Cost of Goods Sold The units of an item available for sale...
Inventory by Three Methods; Cost of Goods Sold The units of an item available for sale during the year were as follows: Jan. 1 Inventory 21 units at $1,800 May 15 Purchase 29 units at $1,950 Aug. 7 Purchase 10 units at $2,040 Nov. 20 Purchase 15 units at $2,100 There are 18 units of the item in the physical inventory at December 31. Determine the cost of ending inventory and the cost of goods sold by three methods, presenting...
Ferris Company began 2018 with 9,000 units of its principal product. The cost of each unit...
Ferris Company began 2018 with 9,000 units of its principal product. The cost of each unit is $4. Merchandise transactions for the month of January 2018 are as follows: Purchases Date of Purchase Units Unit Cost* Total Cost Jan. 10 6,000 $ 5 $ 30,000 Jan. 18 9,000 6 54,000 Totals 15,000 84,000 *Includes purchase price and cost of freight. Sales Date of Sale Units Jan. 5 5,000 Jan. 12 3,000 Jan. 20 6,000 Total 14,000 10,000 units were on...
Determine the missing amounts. Beginning Inventory Purchases Cost of Goods Available for Sale Ending Inventory Cost...
Determine the missing amounts. Beginning Inventory Purchases Cost of Goods Available for Sale Ending Inventory Cost of Goods Sold (a) $81,600 $105,300 $ $ $123,000 (b) $53,100 $ $114,000 $34,300 $ (c) $ $120,000 $164,000 $29,000 $
Davidson Electronics has the following data available Date Explanation Units Unit cost Total Cost 1st of...
Davidson Electronics has the following data available Date Explanation Units Unit cost Total Cost 1st of January 2012 Beginning inventory 5,000 SR 8 SR 40,000 2nd April Purchases 1,5000 SR 10 150,000 28th August Purchases 20,000 SR 12 240000 Total 40,000 430,000 Requirement: Ending inventory of the company is 5,000 units. Find the Costs of goods sold for the company through FIFO, LIFO and Average method.
   Unit sales 100,000 Total sales $2,000,000 Cost of Goods Sold $500,000 Average inventory in units...
   Unit sales 100,000 Total sales $2,000,000 Cost of Goods Sold $500,000 Average inventory in units 10,000 Average inventory at retail $600,000 Average inventory at cost $100,000 What is inventory turnover at retail? What is inventory turnover at cost? What is inventory turnover using unit sales? Discussion: Why are the results from a, b, and c different?
Periodic inventory by three methods; cost of goods sold The units of an item available for...
Periodic inventory by three methods; cost of goods sold The units of an item available for sale during the year were as follows: Jan. 1 Inventory 180 units at $108 Mar. 10 Purchase 224 units at $110 Aug. 30 Purchase 200 units at $116 Dec. 12 Purchase 196 units at $120 There are 208 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the ending inventory cost and the cost of...
Periodic inventory by three methods; cost of goods sold The units of an item available for...
Periodic inventory by three methods; cost of goods sold The units of an item available for sale during the year were as follows: Jan. 1 Inventory 40 units at $112 Mar. 10 Purchase 70 units at $120 Aug. 30 Purchase 30 units at $126 Dec. 12 Purchase 60 units at $130 There are 80 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the ending inventory cost and the cost of...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT