Intercontinental, Inc., uses a perpetual inventory system. Consider the following information about its inventory: July 1, purchased 10 units for $910 or $91 per unit; July 3, purchased 15 units for $1,590 or $106 per unit; July 14, sold 20 units; July 17, purchased 20 units for $2,300 or $115 per unit; July 28, purchased 10 units for $1,190 or $119 per unit; July 31, sold 23 units.

Using weighted average, the cost of goods sold for the sale of 23 units on July 31 is ____ and the inventory balance at July 31 is _____.

Answers

Answer 1

Answer:

Using weighted average, the cost of goods sold for the sale of 23 units on July 31 is $2,504.70, and the inventory balance at July 31 is $ 1,306.90.

Step-by-step explanation:

Since Intercontinental, Inc., uses a perpetual inventory system, and on July 1, purchased 10 units for $ 910 or $ 91 per unit; on July 3, purchased 15 units for $ 1,590 or $ 106 per unit; on July 14, it sold 20 units; on July 17, purchased 20 units for $ 2,300 or $ 115 per unit; on July 28, purchased 10 units for $ 1,190 or $ 119 per unit; and on July 31, sold 23 units, to determine the average costs and the inventory balance as of July 31, the following calculations must be performed:

(910 +1590 + 2300 + 1190) / (10 + 15 + 20 + 10) = X

5990/55 = X

108.90 = X

108.90 x 23 = 2504.7

(55 x 108.9) - (43 x 108.9) = X

5990 - 4683.10 = X

1306.90 = X

Using weighted average, the cost of goods sold for the sale of 23 units on July 31 is $ 2504.70, and the inventory balance at July 31 is $ 1,306.90.


Related Questions

Fill in the blank so that the ordered pair is a solution of y = 22 – 9x.
( ,4)

Answers

The answer of this equation is (2,4) I’m glad to help

An order of jelly beans contains 7,350 jelly beans. If each bag in
the shipment can hold 98 jelly beans, how many bags does the
jelly bean company need to use for the shipment?

Answers

Answer:

75

Step-by-step explanation:

7350/98 = 75

Decide whether each statement is true or false. If a statement is true, say which of Euclid’s five postulates apply to it, then write the converse and contrapositive statements, and then decide which of these statements are true (it may help to rewrite the statements in “if-then” form). If it is false, give a counterexample or explain why.

a. A triangle can be drawn from any three points that are not on the same line.
b. A square can be drawn from any four points not on the same line.
c. When two lines intersect, the four angles they make add to 360 degrees.
d. There is only one parallel line to any given line.

Answers

Answer:

A) True

B) False

C) True

D) False

Step-by-step explanation:

A. This statement is True.

From euclid's postulates, if there are three straight lines that intersect each other another, and the sum of the interior angles formed between one of the straight lines and the other two straight lines is less than 180°, then it can be said that the other two straight lines will cross each other if they are both further extended on the same side of the figure in which the sum of the angles was less than 180° as we earlier said.

The converse statement is;

If three lines are drawn and two of the lines converge, then it means the third line can be drawn in such a way that the sum of the interior angles between this third line and the other two lines would be less than 180°.

The contrapositive statement is;

If the sum of the interior angles between the first line and the other two lines equals 180°,then it means that the other two lines will not intersect each other.

B. This statement is false.

The reason is because 4 sides of a square are always equal in length. As a result,all the 4 interior angles must be equal to 90°.

c. This statement is True.

From the first answer above, we saw that if there are three straight lines that intersect each other another, the sum of the interior angles formed between one of the straight lines and the other two straight lines is less than 180°.

Therefore, on the opposite side of the intersection, the sum of the adjacent angles would be equal to 180°

Thus;

180° + 180° = 360°

The converse statements is;

If two lines meet at a point then it means that the sum of the angles at that point equals 360°

The contrapositive statements is;

If the two lines do not meet at any point, then the sum of the angles on each straight line is 180°

d. This statement is False.

The reason is because there is not only one parallel line to any given line because a parallel line can be drawn from aso many points not even on the line in question.

I NEED HELP ASAP!!!!!!!!!

Answers

Answer:

a=81.0

there ya go

11. find the value of x in the kite below.
E
(6x + 6)
F
Р
G

Answers

14.

Step-by-step explanation:

6x+6=90 (being a straight line)

6x=90-6

6x=84

x= 84/6

x=14.

If the radius is 8m, what is the diameter​

Answers

Answer:

16m

Step-by-step explanation:

radius is half of diameter​

The probability distribution for a
random variable x is given in the table.
-10
-5
0
5
10
15
20
Probability
.20
.15
.05
.1
.25
.1
.15
Find the probability that x = -10

Answers

Answer:

.20

Step-by-step explanation:

According to what are written in the table the probability for x=-10 is .20

The probability distribution  at x= -10 is 0.20.

What is Probability distribution?

A mathematical function called a probability distribution explains the likelihood of many alternative values for a variable. Graphs or probability tables are frequently used to represent probability distributions.

Given:

We have table as,

x                  -10    -5      0      5      10    15     20

Probability 0.20 0.15 0.05 0.10 0.25 0.10 0.15

So , we have to find probability that x = -10 then by looking at table the corresponding value to x= -10 the probability is 0.20.

Learn more about Probability distribution here:

https://brainly.com/question/14210034

#SPJ2

PLEASE HELPP I REALLY NEED IT​

Answers

Answer: Vertical angle proof

Step-by-step explanation: First off, this is really easy if you know how to do it. I think you should be able to figure it out. If you really are in collage. So Vertical angle proof, QPR is essentially (2x-30) but we need to find x. We know a triangle is 180 degrees and if it's a right angle then two angles add to 90.

So x+(2x+30)=90, 3x+30=90, 90-30=60, 3x=60, x=20. So there you have it. Now put x into the equation, 2(20)+30=70

70

what is the answer to this 4 - 1 3/4​

Answers

2.25 because 4-1 3/4 equals 2 1/4 and it simpler to convert to decimal

the answers is 9/4

simplified its 2 1/4 in mixed number form

decimal is 2.25

Employees at The Shoe Shack get a 25% discount when they buy a pair of shoes at the store.

Answers

What’s next? ???????

Answer:12

Step-by-step explanation:

Factor the polynomial completely.

4x3 – 12x2 + 7x – 21
4x2(x – 3) + 7(x – 3)
Which is the completely factored polynomial?

4x2(x + 4)
3x2(x – 3)
(4x2 – 7)(x + 3)
(4x2 + 7)(x – 3)

Answers

Answer:

2x(2x2 -6x) + (7x - 21)

Step-by-step explanation:

4x3 - 12x2 + 7x -21

The remaining questions refer to the following situation: Suppose a certain farmer wants to find out if the average length of the green beans in her field is 4 inches. She collects a random sample of 100 beans and get a sample mean of 3.75 inches. (Suppose she knows that the population standard deviation of bean length is 0.5.) What is the population in this situation

Answers

Answer:

The population in this situation is all green beans in her field.

Step-by-step explanation:

Informally, if you take a sample of an object, the population in all of these objects.

In this question:

Sample of 100 green beans in her field. This means that the population in this situation is all green beans in her field.

Help please I only have a few minutes left and I Lee’s to be fast super fast‼️❤️

Answers

Answer:

The discounted price is $109. So the bike now cost $218.

Step-by-step explanation:

Just chillin' at the max 32-bit limit with two answers...

Answers

Answer:

I don't understand what the question issssss

Please fill in the answers by 4:00 !! (I'll give brainliest if u help me)

Answers

here you go! hopefully this helps :))

In ABC, what is the value of x?

Answers

Answer:

122 po nya ta

Step-by-step explanation:

sana po makatulong

Answer:

70

Step-by-step explanation:

I got it wrong and this is what showed up

Which line contains the ordered pair (-4,-2)​

Answers

Answer:

I think it is the line F..

solving a system of linear equations algebraically:

Question:
find the value of x in the solution to the system of equations shown. y=12x+7
y=-6x+25

answer choices:
x=1

x=1.78

x=3

x=5.33

Answers

It was so easy xD

its x=1

y=12×1+7

y=-6×1+25

=19

Can somebody help me please

Answers

Step-by-step explanation:

First, find complete data.

That would be 2, 12 and 5, 30

Divide the output by the input to get the relationship/constant.

12/2 = 6     30/5 = 6

So...

1 x 6 = 6

and

48 / 6 = 8

9514 1404 393

Answer:

  (b)  Output 6, Input 8

Step-by-step explanation:

One of the things you can look at is the ratio of output to input. Here, it is constant, which makes things a lot easier

  output/input = 12/2 = 30/5 = 66/11 = 6

Then for input 1, output is 1×6 = 6.

For unknown input, we have ...

  input × 6 = 48

  input = 48/6 = 8

__

The two blanks are ...

 input: 8; output 6

X2 + 8x + y2 - 2y =64

Answers

i’m gonna assume it’s like this:
2x+8x+2y-2y=64
move 64 to the other side, becomes negative
2x+8x+2y-2y-64
=10x-64

Which of the following best describes how to solve
2x+3 = 2x + 37

Answers

Answer: The first option.

Step-by-step explanation:

If you square you get [tex]2x+3=2x+9[/tex]

x=0

Daniel is making cupcakes for a school bake sale. He wants to make 120 cupcakes. So far he has made 65% of them. How many more cupcakes does he need to make?

Answers

22
0.65*120=78
First divide 65 and 100 you will get 0.65.
Then just multiply your whole number.

HELP PLS MIGHT GIVE BRAINLIST BUT ONLY IF 2 PEOPLE ANSWER!

Answers

Answer:

t

t

f

t

f

Step-by-step explanation:

i hope po makatulong

20a. F

20b. F

20c. T

20d. T

Two lines are represented by equations: 10x – 15y = 21 and y = kx + 5.What value of will make lines perpendicular? ​

Answers

Answer:

is this what u wanted? if no can u write on paper what u wanted and send me

The SAT and ACT college entrance exams are taken by thousands of students each year. The mathematics portions of each of these exams produce scores that are approximately normally distributed. In recent years, SAT mathematics exam scores have averaged 480 with standard deviation 100. The average and standard deviation for ACT mathematics scores are 18 and 6, respectively. (a) An engineering school sets 560 as the minimum SAT math score for new students. What percentage of students will score below 560 in a typical year

Answers

Answer:

78.814%

Step-by-step explanation:

mean,  = 480 points.

standard deviation, σ = 100 points.

If 560 is the minimum score, x = 560. We want the % of students who will score BELOW that. Use the formula for z-scores: [tex]z = \frac{x-u}{standard deviation}[/tex] to get the z score: (560-480)/(100) = 0.8.

Using a z-score table: the value under 0.8 is 78.814%.

can you help me please ​

Answers

Answer:

3.96 x 10^-11

Step-by-step explanation:

Hope this helps.

Please help I will give you brainless fide the volume and round to the nearest tenth

Answers

Answer:

11.5 ft

Step-by-step explanation:

Take the cone formula:

V = 3.14 * 1^2 * 11/3 = 11.5 ft

Pls help me i didnt understand this!!

Answers

I think its 90 so yeah um pick that

Answer:

90

Step-by-step explanation:

I don't know to explain but I believe I'm right


16 km
d) radius =
diameter =

Answers

Answer:

the radius is half the diameter. radius = 8 diameter =16

Step-by-step explanation:

yo sorry xDDDDD ok dis real 1

Answers

Answer:

96 dozen (or/aka) 1152 cupcakes

Step-by-step explanation:

I hope this is right, if not I'm very sorry just bad at math.

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