Describe costing inventory using weighted average. Address the different treatment, if any, that must be given for
Question:
Describe costing inventory using weighted average. Address the different treatment, if any, that must be given for periodic and perpetual inventory updating.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (10 reviews)
The cost of inventory is the total cost of all the inventory items in stock This is done by taking t...View the full answer
Answered By
James Warinda
Hi! I’m James Otieno and I'm an experienced professional online tutor with countless hours of success in tutoring many subjects in different disciplines. Specifically, I have handled general management and general business as a tutor in Chegg, Help in Homework and Trans tutor accounts.
I believe that my experience has made me the perfect tutor for students of all ages, so I'm confident I can help you too with finding the solution to your problems. In addition, my approach is compatible with most educational methods and philosophies which means it will be easy for you to find a way in which we can work on things together. In addition, my long experience in the educational field has allowed me to develop a unique approach that is both productive and enjoyable.
I have tutored in course hero for quite some time and was among the top tutors awarded having high helpful rates and reviews. In addition, I have also been lucky enough to be nominated a finalist for the 2nd annual course hero award and the best tutor of the month in may 2022.
I will make sure that any student of yours will have an amazing time at learning with me, because I really care about helping people achieve their goals so if you don't have any worries or concerns whatsoever you should place your trust on me and let me help you get every single thing that you're looking for and more.
In my experience, I have observed that students tend to reach their potential in academics very easily when they are tutored by someone who is extremely dedicated to their academic career not just as a businessman but as a human being in general.
I have successfully tutored many students from different grades and from all sorts of backgrounds, so I'm confident I can help anyone find the solution to their problems and achieve
0.00
0 Reviews
10+ Question Solved
Related Book For
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
Question Posted:
Students also viewed these Business questions
-
Describe costing inventory using last-in, first-out. Address the different treatment, if any, that must be given for periodic and perpetual inventory updating.
-
Describe costing inventory using first-in, first-out. Address the different treatment, if any, that must be given for periodic and perpetual inventory updating.
-
Consider a dynamic RAM that must be given a refresh cycle 64 times per ms. Each refresh operation requires 150 ns; a memory cycle requires 250 ns. What percentage of the memory's total operating time...
-
Find the probability | (p)| 2d3 p of the particular momentum p for the ground-state hydrogen atom. (This is a nice exercise in three-dimensional Fourier transforms. To perform the angular...
-
Two airplane manufacturers are considering the production of a new product, a 150-passenger jet. Both are deciding whether to enter the market and produce the new planes. The payoff matrix is as...
-
Describe the subproblem graph for matrix-chain multiplication with an input chain of length n. How many vertices does it have? How many edges does it have, and which edges are they?
-
Look at the functions presented in Sect. 3.3.2. Now imagine a small hospital (e.g., 350 beds) and a large university medical center (e.g., 1500 beds). What are the differences between these hospitals...
-
Multiply Choice 1. Partitioned databases are most effective when a. Users in the system need to share common data. b. Primary users of the data are clearly identifiable. c. Read-only access is needed...
-
3. In a physics demonstration, a volleyball is tossed from a window at 6.0 m/s [32 above the horizontal], and it lands 7.4 s later. Calculate a) the height of the window b) the range of the...
-
Name the following alcohols according to the IUPAC nomenclature system. Indicate stereochemistry (if any) and label the hydroxy groups as primary, secondary, or tertiary. OH Br OH (a) CH;CH,CHCH; (b)...
-
Calculate a) cost of goods sold, b) ending inventory, and c) gross margin for A76 Company, considering the following transactions under three different cost allocation methods and using perpetual...
-
Which of the following describes features of a perpetual inventory system? A. Technology is normally used to record inventory changes. B. Merchandise bought is recorded as purchases. C. An adjusting...
-
The financial manager of Solsken is evaluating a proposal to purchase a new solar machine unit that has a lifetime of 10 years. The new machine would allow the company to make cost savings of SKr4...
-
X Z A(0,0,6) C F Coc B(-3,4,2) C F D (0,8,0) y Reduce the system consisting of two forces and two force couples applied to the prismatic element in the figure to point O. Check whether the reduced...
-
d A B 1 of 1 A pendulum consists of a slender rod, AB, of mass m, = 3.80 kg and a wooden sphere of mass mg = 13.0 kg. (Figure 1) The length of the rod is d = 2.40 m and the radius of the sphere is R...
-
Question 6: A quantum particle of mass m is inside a one dimensional box of length L. Suppose that L is so small is not valid anymore 2m that the energy of the quantum particle has to be treated...
-
Find the net electric flux through the closed spherical surface in a uniform electric field shown in Figure a a 4R E 2R E TRE R
-
tax 2020 Dividend income, all qualified U.S. stocks $10,000 Taxable interest income 50,000 Tax-exempt interest income 20,000 Net long-term capital gain, incurred 11/1 25,000 Trustee's fees 6,000...
-
A circuit with R = l, L = 2, C = 4 includes an alternating current source F(t) = 25 cos 2t. Find the solution to the initial value problem μ(0) = 1. u(0) = 0.
-
A fast-food restaurant averages 150 customers per hour. The average processing time per customer is 90 seconds. a. Determine how many cash registers the restaurant should have if it wishes to...
-
Based on the amounts of taxable income below, compute the federal income tax payable in 2016 on each amount assuming the taxpayers are married filing a joint return. Also, for each amount of taxable...
-
Betty, a married taxpayer, makes the following gifts during the current year (2016): $20,000 to her church, $50,000 to her daughter, and $40,000 to her husband. What is the amount of Bettys taxable...
-
Latesha, a single taxpayer, had the following income and deductions for the tax year 2016: a. Compute Lateshas taxable income and federal tax liability for 2016 (round to dollars). b. Compute...
-
A child jumps from a moving sled with a speed of 2.2 m/s and in the direction opposite the sleds motion. The sled continues to move in the forward direction, but with a new speed of 5.5 m/s. If the...
-
An iron block with a mass of 45 000 g rests on an incline plane of 16 to the horizontal. Take the coefficient friction as 0,25. Calculate the following: 1.1 the weight component perpendicular to the...
-
29. You are standing on a balcony on the 15th floor of the Bank of America building in San Francisco. The balcony is 72 m above the ground; the top of the building is 52 floors (237 m) high. You...
Study smarter with the SolutionInn App