Charlene Cosmetics Company just began business and made the following four inventory purchases in June: June...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Charlene Cosmetics Company just began business and made the following four inventory purchases in June: June 1 150 units $ 780 June 10 200 units 1,17o June 15 200 units 1,260 June 28 150 units 99o $4,200 A physical count of merchandise inventory on June 30 reveals that there are 210 units on hand. Using the average cost method, the amount allocated to the ending inventory on June 30 is a. $1,229. b. $1,368. c. $1,323. d. $1,260. Charlene Cosmetics Company just began business and made the following four inventory purchases in June: June 1 150 units $ 780 June 10 200 units 1,17o June 15 200 units 1,260 June 28 150 units 99o $4,200 A physical count of merchandise inventory on June 30 reveals that there are 210 units on hand. Using the average cost method, the amount allocated to the ending inventory on June 30 is a. $1,229. b. $1,368. c. $1,323. d. $1,260.
Expert Answer:
Related Book For
Posted Date:
Students also viewed these accounting questions
-
Alpha First company just began business and made the following four inventory purchases in June: June 1......................150 units........................$ 780 June 10.....................200...
-
In Demonstration Exercise 4.16, we determined that there are 210 different subgroups of size six that could be produced from the pool of ten applicants. Suppose the applicant pool is made up of three...
-
A retail company recently completed a physical count of ending merchandise inventory to use in preparing adjusting entries. In determining the cost of the counted inventory, company employees failed...
-
How can the knowledge that a market will work itself back into equilibrium help economist predict future prices?
-
You might have expected that the elements would have been discovered in order of their relative abundance in the Earth's crust (Figure 1.6), but this is not the case. Suggest a general reason....
-
(a) What is the potential difference between points a and d in Fig. 19-57 (similar to Fig. 19-13, Example 19-8), (b) What is the terminal voltage of each battery? 34 2 r= 8,= 45V 13 47 2 a 81 = 85 V...
-
Consider the plot of power as a function of effect size for the two-sample t-test shown in Figure 4.3. a. Create a plot to show power as a function of both effect size and sample size while keeping...
-
Figure shows three rotating, uniform disks that are coupled by belts. One belt runs around the rims of disks A and C. Another belt runs around a central hub on disk A and the rim of disk B. The belts...
-
Consider the function f(x1,x2) = x 5x1x2 + 6x at the point x = (0, 2) and search direction p = (1, 1). 1. Write down the first-order Taylor approximation to f(x + ap), where a is the step size. 2....
-
The trial balance of Jeremina plc as at 31 March 20X2 is as follows: Notes: (i) Stock of finished goods on 31 March 20X2 163,000. (ii) Motor expenses and depreciation on motors to be apportioned:...
-
Electronics' present employees. However, after a preliminary review of skills inventories and offing levels, a list of priority recruits was developed. It required the following: An experienced...
-
a) Due to how Donals has enough stock to control a corporation he must follow the liability of controlling shareholders. What is being violated is that since Donald has majority stock control he has...
-
Squiggy Squigman retained attorney Laverne DeFazio to represent him on a federal bank robbery charge. The indictment charged that Squigman had robbed Milwaukee Bank on Shotz Street. The prosecutor's...
-
You are looking to explore the possibilities of opening a coffee shop across downtown North Bay. Before COVID-19 came into our lives, it appeared to be a solid idea and you had already begun your...
-
Imagine the Lautoka City Council opens up an Olympic size swimming pool and now operates the swimming pool to which admission costs two dollars. At the northern end of the pool is a sign, which...
-
While the house is being completed, Adam gets kicked out of his house by his parents. He decides to move into the upper floor of the H2H project house while the down stairs is under remodeling. One...
-
Define logistics and explain why logistics management is important. How does logistics management apply to your organization? Logistics incorporates a wide range of business activities: Name four of...
-
Three successive resonance frequencies in an organ pipe are 1310, 1834, and 2358 Hz. (a) Is the pipe closed at one end or open at both ends? (b) What is the fundamental frequency? (c) What is the...
-
Is a physical inventory necessary under the periodic system? Why or why not?
-
Identify three types of businesses according to activities.
-
Financial statement analysis generally focuses on five main aspects of the businesss financial health. What are they?
-
Near the state capitol, a heritage center houses historical artifacts of significance to the state dating from pre-statehood to the present. The center is particularly well done and serves as both a...
-
Opponents to charging an entrance fee as described in Problem 32 note that only 15,000 visitors will utilize the heritage center, and the benefits of \(\$ 5(14,000)+\$ 3(12,000)=\$ 106,000\) derived...
-
The federal government is planning a hydroelectric project for a river basin. The project will provide electrical energy to the local area and to the grid. With some enhancements to the basic plan,...
Study smarter with the SolutionInn App