Ask Question
BusinessBusiness
13 July, 00:20

Inventory records for Dunbar Incorporated revealed the following:Date Transaction Numberof Units UnitCost Apr. 1 Beginning inventory 550 $2.33 Apr. 20 Purchase 310 2.68 Dunbar sold 560 units of inventory during the month. Ending inventory assuming weighted-average cost would be (Do not round your intermediate calculations. Round weighted-average unit cost to four decimals if necessary. Round your answer to the nearest dollar amount) : a. $737. b. $694. c. $817. d. $752.

+5
Answers (1)
  1. 13 July, 00:32
    0
    Ending inventory assuming weighted-average cost would be $737

    Explanation:

    According to the given data we have the following:

    Date Transaction Number of Units Unit Cost Total

    Apr. 1 Beginning inventory 550 2.33 $1,281.5

    Apr. 20 Purchase 310 2.68 $830.8

    Total 860 $2,112.3

    Therefore, Weighted avearge cost = $2,112.3/860 = $2.4562

    Ending inventory units = 860-560 = 300

    Therefore, Ending inventory assuming weighted-average cost=300*2.4562=$737

    Ending inventory assuming weighted-average cost would be $737
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Inventory records for Dunbar Incorporated revealed the following:Date Transaction Numberof Units UnitCost Apr. 1 Beginning inventory 550 ...” 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
Southwest U's campus book store sells course packs for $19 each. The variable cost per pack is $12, and at current annual sales of 43,000 packs, the store earns $75,000 before taxes on course packs.
Answers (1)
In Cuba, what determines what is produced, how much is produced, and what prices good are sold at? A. the government B. the principles of supply and demand C. individuals and businesses D. the global market
Answers (1)
Carla is about to graduate from her business program. she has always been happiest in jobs where she never knew what would be waiting for her when she got to work that day, and she excels at problem solving. she should seek a career that involves:
Answers (1)
A city paid $40,000 for police cars with the expectation that they would have a useful life of 4 years. After 3 years, the city sold the cars for $3,000. How should the city account for the sale in the General Fund?
Answers (1)
Using the acquisition method, a company acquires all of the shares of stock of another company. In-process research and development is present and estimated to have a $300,000 fair value.
Answers (1)
New Questions in Business
Select three situations when an agency can perform a warrantless search. a. highly regulated industries b. personal services c. exporting businesses d. emergency situations e. certain types of hazardous operations f. internet businesse
Answers (1)
Which of the following payroll deductions is required by law?
Answers (1)
What is the most difficult unit of the 1040EZ tax form to fill out? Why?
Answers (1)
If you purchase or obtain a vehicle from someone else, you are responsible for transferring ownership of the vehicle to your name with the dmv within how many days of the purchase?
Answers (1)
What law created the federal reserve system? Sherman Antitrust Act Social Security Act Appropriations Act Federal Reserve Act
Answers (1)
Home » Business » Inventory records for Dunbar Incorporated revealed the following:Date Transaction Numberof Units UnitCost Apr. 1 Beginning inventory 550 $2.33 Apr. 20 Purchase 310 2.68 Dunbar sold 560 units of inventory during the month.
Sign Up Forgot Password?