Question: answer pls Q24 Kerenza values inventory using average cost applied on a continuous basis. The following has been extracted from her inventory records for the

answer pls Q24 Kerenza values inventory using average cost applied on

answer pls

Q24 Kerenza values inventory using average cost applied on a continuous basis. The following has been extracted from her inventory records for the month of April: Opening inventory 15 units at $4.80 each 1st April Purchase 10 units at $5.30 each 6th April Sale 8 units 15th April Purchase 8 units at $5.50 each 27th April Sale 10 units What is the value of Kerenza's inventory at 30th November

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

I noticed the following questions have already been asked, you can prob use the existing questions and answers and send them to me. Would that work? 1. (Points: 1) The cash budget must be prepared...

answer problem 1 2 and 3 **UPDATED QUESTIONS*** 1) what discourses or information, if any, does the company include about their products in inventory. What key details are important to understanding...

In view of the information provided below provide suggestions for the efficient management of trade debtors. INFORMATION MANAGEMENT OF TRADE DEBTORS Debtor management is central to the effective cash...

hw help will upvote if u can ans all questions thank you QUESTION 1 Comet Company received a one-year, $12,000,9% note from ABC Corporation on April 1, 2010. The fiscal period ends on Dec 31, 2010...

QUESTION 1 Comet Company received a one-year, $12,000, 9% note from ABC Corporation on April 1, 2010. The fiscal period ends on Dec 31, 2010. The journal entry recorded by Comet Company on Dec 31,...

HI I need help to with my assessment. Anyone can help me? T-1.8.1 Details of Assessment Term and Year T2 2017 Time allowed Week 2, 3, 4, 5, 6, 7, 8 Assessment No 1 Assessment Weighting 60% Assessment...

Multiple Choice Ide the choice the best completes the statement or answer the question 1. The cost system best suited to industries that manufacture a large number of identical units of commodities...

The output below is from a multiple linear regression analysis attempting to link winning percentage (y) to weekly practice time (x 1 ), average speed of first serve (x 2 ), and first serve...

Picker has developed an online dashboard that can be used by businesses to quickly and easily ship orders across the country. This allows the user to choose from 12 different courier companies to...

As a university student, what opportunities have you found so far for your business idea? Discuss the different sources of support that may be available to you.

Discuss several ways ( at least four ways ) to improve the requirement process and thus, a project team can avoid a situation where too many changes to the project requirements occur at the later...

It wasnt worthwhile mentioning it. No one would listen to me anyway.

Are your feedback systems designed to capture primarily compliments or complaints?

Th eyll ask me for my PIN number, and I cant remember which one it is. I have dozens of account numbers.