Kingbird, Inc. just began business and made the following four inventory purchases in June: June 1 177 units $1062 June 10 236 units 1652 June 15 236 units 1888 June 28 177 units 1593 $6195 A physical count of merchandise inventory on June 30 reveals that there are 236 units on hand. Using the average cost method, the amount allocated to the ending inventory on June 30 is $1770. $1653. $2065. $1888.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Kingbird, Inc. just began business and made the following four inventory purchases in June: June 1 177 units $1062 June 10 236 units 1652 ...” 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
The regular selling price per chaise lounge is $340. The company is analyzing the opportunity to accept a special sales order for 300 chaise lounges at a price of $220 per unit. Fixed costs would increase by $22,000.
Answers (1)
In the real business cycle model, this best explains an increase in real GDP above the full-employment level?
Answers (1)
Which of the following is the best example of a positive question? a. How are price and quantity demanded related? b. How should the government deal with the next recession? c. Should government allow two large companies to merge? d.
Answers (1)
John desires the best things in life - a fast car, designer clothes, and membership in exclusive clubs. but rather than work his way through the system, he has discovered he can have all these things by selling crack cocaine in the inner city.
Answers (1)
Calculating the Number of Payments. You're prepared to make monthly payments of $250, beginning at the end of this month, into an account that pays 8 percent interest compounded monthly.
Answers (1)
New Questions in Business
Eve and her three college friends enjoy perfumes. As a special gift to each of them last holiday season, she found a way to make scented candles with each friend's favorite perfume scent.
Answers (2)
The demand for a good is inelastic with respect to price if the price elasticity of demand is:
Answers (1)
At the end of the year, Dahir Incorporated's balance of Allowance for Uncollectible Accounts is $2,700 (debit) before adjustment. The company estimates future uncollectible accounts to be $13,500.
Answers (2)
Which best explains why large companies pay less for goods from wholesalers?
Answers (1)
The marketing manager of ToyBiz indicated that due to manufacturing efficiencies and market buzz, a new toy they were about to launch was likely to generate revenue beyond original projections.
Answers (1)