If ending inventory is 105 units, what is the weighted average of each unit in inventory?
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Beginning inventory and purchases | Units | Unit Cost | Total Cost |
Jan 1 | 60 | $7 | $420 |
April 1 | 45 | $10 | $450 |
July 1 | 70 | $8 | $560 |
September 1 | 40 | $6.50 | $260 |
If ending inventory is 105 units, what is the weighted average of each unit in inventory?
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- Lindsay Electronics, a small ma nufacturer of electronicresearch equipment, has approximately 7,000 items in itsinventory and has hired Joan Blasco-Paul to manage its inventory. Joan has determined that 10% of the items in inven toryare A items, 35% are B items, and 55% are C items. She wouldlike to set up a system in which all A items are counted monthly(every 20 working days), all B items are counted quarterly (every60 working days), and all C items are counted semiannually (every120 working days). How many items need to be counted each day?David Alexander has compiled the following table of six itemsin inventory at Angelo Products, along with the unit cost andthe annual demand in units:IDENTIFICATION CODE UNIT COST ($) ANNUAL DEMAND(UNITS)XX1 5.84 1,200B66 5.40 1,1103CPO 1.12 89633CP 74.54 1,104R2D2 2.00 1,110RMS 2.08 961 Use ABC analysis to determine which item(s) should be care-fully controlled using a quantitative inventory technique and which item(s) should not be closely controlled.Arthur crafts miniature chocolate dollhouses which he sells for $21 each. Arthur has calculated the breakeven level of revenues for his business at $779 of sales. The dollhouses have a variable cost of $7 to produce per unit. If Arthur sells 100 units, what are his total costs?
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