Ask Question
BusinessBusiness
21 June, 05:11

Assume ABC uses the average cost method of inventory valuation. What unit cost would be used to determine the amount in ending inventory or cost of goods sold?

+3
Answers (1)
  1. 21 June, 05:26
    0
    The correct answer is $13.60

    Explanation:

    Taking into account the average cost method, the sum of all the values presented as unit costs per unit is performed, which results in the figure of $ 68. Finally, the division is made by the amount of securities presented (5), which results in the amount of $ 13.60.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Assume ABC uses the average cost method of inventory valuation. What unit cost would be used to determine the amount in ending inventory or ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
As of December 31, 2018, Moss Company had total cash of $195,000, notes payable of $90,500, and common stock of $84,500.
Answers (1)
John was a high school teacher earning $ 80000 per year. He quit his job to start his own business in pizza catering. In order to learn
Answers (1)
Brenda owns 100 percent of Walker Corp. She has a basis for her stock of $20,000. The corporation's only assets are cash of $20,000 and land with a basis of $75,000 and a value of $95,000. Earnings and profits are $125,000. Walker Corp.
Answers (1)
You are research assistant in one of the marketing department of multinational company and is going to launch a new product in Oman.
Answers (1)
The panel of examiners for the oral examination in the police academy consists of
Answers (1)
New Questions in Business
In the United States, you can own anything you want and decide what you want to do with it, as long as it does not violate the law. This describes the principle of
Answers (1)
High value-added per employee is associated with: a. capital intensive industries. b. labor intensive industries. c. the shoe industry in 1860. d. the use of unskilled labor.
Answers (1)
How were the earliest benefits of the industrial revolution distributed between Factory owners and workers?
Answers (1)
Ben and Sam Jenkins formed a partnership. Ben contributed $8,000 cash and a used truck that originally cost $35,000 and had accumulated depreciation of $15,000. The truck's fair value was $16,000. Sam, a builder, contributed a new storage garage.
Answers (1)
Select all that apply. A primary incentive for entrepreneurs is 1: Profit 2: A skill and happy workforce 3: Notoriety 4: Seeing an idea come into being 5: Paying taxes
Answers (1)
Home » Business » Assume ABC uses the average cost method of inventory valuation. What unit cost would be used to determine the amount in ending inventory or cost of goods sold?
Sign Up Forgot Password?