Explanation consideration for business while d a inventory system from  lifo fifo and weighted average with its advantages for business

Q: Weighted average cost per unit = per unit. Cost Cost of Goods Allocation Cost of Goods Sold Ending…

A: Sales = (50 units x $120) + (25 units x $125) = $6000 + $3125 = $9125 Cost of Goods Available = (100…

Q: Explain the two methods of inventory tracking: inventory turnover ratio and number of days' sales in…

A:

Q: The base for inventory in a vertical analysis is:a. total current assets.b. inventory.c. total…

A: Answer:   Option d.

Q: What is inventory turnover Ratio? Explain its significance.

A: Explain the meaning of inventory turnover ratio and its significance:Inventory turnover ratio:…

Q: Which cost formula for inventory best reflects the current value of inventory on the balance sheet?…

A: inventory valuation methods are based on the flow of inventory. There are mainly four methods of…

Q: Match the accounting terminology to the definitions. AClick the icon to view the definitions.) More…

A: Definition: Perpetual Inventory System: Perpetual Inventory System refers to the inventory system…

Q: A cost management system provides ________. A) measures of inventory value and cost of goods sold…

A: Management accounting refers to the provision of the financial as well as non- financial decision…

Q: Required: Compute the inventory cost using a. Moving average method b. FIFO method

A: There are several methods of inventory costing and inventory valuation like FIFO, LIFO , average…

Q: Explain considerations for businesses while developing and selecting their Inventory system from…

A: FIFO method is the method of valuation of inventories. The inventories are sold at the time from…

Q: Essay question Explain the application of AVERAGE cost flow assumption in determining .cost of goods…

A: Average cost flow assumption is a calculation companies use to assign costs to inventory goods, cost…

Q: Explain the way sales returns reflect financial statements

A: When a company makes sales, it records the sales in its books of accounts as per the accounting…

Q: Which inventory system provides a better matching of revenue and expenses - Weighted Average, Moving…

A: Following is the answer to given problem

Q: Every company or organisation placed inventory as an important aspect for their  businesses. Discuss…

A: Inventory can be defined as assets held for sale in the ordinary course of business or in the…

Q: A small manufacturing or trading concern maintains its inventory on which system   a. Average…

A: Inventory means the stock of goods in hand . Goods means the thing in which the business deals and…

Q: For commercial reasons, a weighted average and inventory system from lifo fifo should be considered.

A: The LIFO (Last in, first-out) The LIFO accounting method is used to value inventory. This method is…

Q: ) Is the accounting cycle in a merchandising operations different from a service operations?…

A: 1) yes the accounting cycle in a merchandising operations is different from a service operations .…

Q: Which inventory method is being used when the natural flow of goods is followed? a.) Specific ID b.)…

A: Inventory Valuation: - This is defined as the valuation wherein the changes between the value of the…

Q: Which ratio can provide an indication of the salability of the company's products?

A: Accounting ratios, often known as financial ratios, describe the correlations between the figures on…

Q: Required: Compute the ending inventory cost using   a. Moving average method   b. FIFO method

A: The inventory can be valued using various method as LIFO, FIFO and average method.

Q: Based on the above information, answer questions below. @ Using Time-Series Analysis, comment on the…

A: Time series analysis of financial numbers mean determining the trend associated with the financial…

Q: 1. Calculate the value of closing inventory using the Weighted average cost inventory valuation…

A: As per weighted average cost inventory valuation method, cost per unit is calculated by dividing the…

Q: factors affect inventory turnover ratio

A: The inventory turnover ratio is a financial ratio. It is the rate at which a company is managing its…

Q: How is this ratio calculated? What does the ratio show? Using the data below (Sunn Corporation) ,…

A: The inventory turnover ratio expresses the relationship between the average cost of goods sold…

Q: Weighted Average Cost (Periodic) Units Cost Goods Available for Sale Cost of Goods Sold Ending…

A: Inventory Valuation: It is an asset held for sale in the ordinary course of business. It is used in…

Q: The inventory turnover ratio a. measures management’s ability to productively employ all of…

A: No, option “d” is not the correct answer.

Q: The inventory costing method selected by a company canaffecta. The balance sheet.b. The income…

A: A merchandising organization can set up a precise income statement, statement of retained earnings,…

Q: 1. Explain the effect of each inventory cost flow method on the company's net income 2. Recommed one…

A: There are primarily four type of inventory cost method- 1. First in first out method2. Last in first…

Q: Define Inventory turnover ratio.

A: Ratio analysis: The analysis of a company using the financial ratios and comparing its trends and…

Q: 1- Your CFO gives you this data and asked you to help him by calculating the Inventory Carrying…

A: 1) Inventory Carrying rate = {Inventory Costs ÷ Inventory Value} + Opportunity Cost + Insurance +…

Q: Explain the inventory accounting system.

A: Inventory accounting is the body of accounting that used to valuing and accounting for changes in…

Q: When a company organizes its inventory based on its relative importance, it is using Select one: O…

A: ABC analysis is a technique for material management. It is categorization of items into 3 categories…

Q: Calculate the Inventory Turnover and Day Sales in Inventory ratios for Hayden Co. assuming the FIFO…

A: Inventory turnover ratio is calculated as cost of goods sold divided by average inventory.

Q: Question: Explain the First-In, First-Out (FIFO) method used for determining COGS and Ending…

A: The inventory can be valued using various methods as FIFO, LIFO, average method.