ABC Corporation begins the month of April with 12.400 units of inventory recorded at total historical cost of 23040.During the month the company purchases 6800 additional units for total acquisition of 71808.What is the average cost per unit of inventory available for sale in the april a.10560 b.9600 c.10310 d.13940

Q: What is this?

A: Inventory valuation can be done under different methods like FIFO,LIFO, Weighted Average.To…

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A: Ending inventory is the goods leftover in hand at the conclusion of the year.

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A:

Q: Russell Retail Group begins the year with inventory of $55,000 and ends the year with inventory of…

A: Formula: Cost of goods sold = Beginning Inventory + Purchases - Ending Inventory

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A: Introduction: FIFO Inventory Method: FIFO stands for First-in First-Out. As the name suggests, this…

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A:

Q: Glasgow Corporation has the following inventory transactions during the year. Unit Number of Units…

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A: The answer is as fallows

Q: At May 1, 2022, Ayayai Corp. had beginning inventory consisting of 280 units with a unit cost of $7.…

A:

Q: During the year, Wright Company sells 475 remote-control airplanes for $120 each. The company has…

A: LIFO: LIFO stands for Last-In, First-Out. In this method inventory purchased at last will be sell…

Q: 1. On January 1, the Abrams Company began business with the purchase of 250 units of inventory for…

A: The question is based on the concept of Cost Accounting.

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A: Introduction: FIFO: FIFO stands for First in First out which means first received inventory to be…

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A: FOB destination means Freight On board destination which implies that the seller is seller is the…

Q: A company begins the year with inventory of $50,000 and ends the year with inventory of $40,000.…

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Q: At the beginning of the year, Bennett Supply has inventory of $3,500. During the year, the company…

A: Cost of goods sold (COGS) : Cost of goods sold shows the expenses incurred for producing a product.…

Q: The 200X records of Thompson Company showed a beginning inventory of $6,000, cost of goods sold of…

A: Hi student Since there are multiple questions, we will answer only first question.

Q: During the year, Wright Company sells 435 remote-control airplanes for $120 each. The company has…

A: The question is based on the concept of Cost Accounting.

Q: During the year, Wright Company sells 470 remote-control airplanes for $110 each. The company has…

A: Under FIFO method, inventory which is coming first in the store will be sold first. Ending inventory…

Q: In the fourth quarter of Year 1, Beech Corporation produced three products (related to different…

A: Hi student Since there are multiple questions, we will answer only first question. If you want…

Q: ABC Corporation begins the month of April with 1,200 units of inventory recorded at total historical…

A: The average cost per unit will be equal to total cost of beginning inventory & purchase cost…

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A: Lets understand the basics. For calculating average cost per unit, we will need to use below…

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A: The goods or items (considered inventory) owned by a business entity at the period-end while…

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A: FIFO means the first in first out which means that goods purchased first will be sold first.…

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A: Moving average cost is a method of inventory valuation. This method computes the unit cost every…

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A: Cost of goods sold = Beginning inventory + Goods purchased - Ending inventory

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Q: How do i figure out what goes where? I've been stumped for the past half hour

A: Requirement (A)

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A: Depreciation: Depreciation is the accounting method used for assets. Which allocates the cost of the…

Q: A company begins the year with inventory of $52,000 and ends the year with inventory of $42,000.…

A: Formula: Cost of goods available for sale = Beginning inventory + Purchases

Q: Wade Company estimates the cost of its physical inventory on March 31 for use in an interim…

A: The inventory is estimated as sum of purchases and beginning inventory and deduction of cost of…

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A: If the terms are FOB shipping point, the goods in transit are the property of the buyer. Hence, the…

Q: Causwell Company began 2021 with 10,000 units of inventory on hand. The cost of each unit was $5.00.…

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Q: Roundtree Company reported the following information with respect to cost of goods sold for the…

A: Cost of goods sold (COGS) is the cost of acquiring or manufacturing the products that a company…

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A: Inventory valuation is an accounting practice that is followed by companies to find out the value of…

Q: During 2012, a company sells 200 units of inventory for $50 each. The company has the following…

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: Shepard Company sold 4,000 units of its product at $100 per unit during the year and incurred…

A:

Q: During the year, Wright Company sells 470 remote-control airplanes for $110 each. The company has…

A: In LIFO method the last unit that purchased will be sold first

Q: 1.Siam Paragon Corp. started their business this year and purchases the following inventory: 15,000…

A: The inventory can be valued using various methods : LIFO, FIFO and weighted average method

Q: Assume that the market value of an inventory item dropped to $1.35 as of year-end. Apply the…

A: Since you have multiples parts . I solved first three parts for you  purchase schedule for…

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Q: At May 1, 2016, Bramble Company had beginning inventory consisting of 220 units with a unit cost of…

A: LIFO means last in first out where as FIFO means first in first out. Inventory and cost of goods…

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A: Costs incurred directly by a corporation for producing goods and services are known as cost of goods…

Q: In December year 1, Johnny corporation produced three products that it still has in inventory at…

A: Inventory refers to the stock that the company held for resale purposes or which is not sold in the…

Q: Pineview Company ended the month of March with inventory of $26,000. Pineviewexpects to end April…

A: Inventory to be purchased in a particular period means inventory which can fulfill sales demand and…

Inventory Valuation

Before discussing the topic inventory valuation let’s discuss the meaning of inventory. In accounting, inventory is also known as stock. Inventory means all the finished goods, materials, merchandise that a business holds for the purpose of selling it in the market with the motive of earning profit.