cmarton30140
31.05.2021 •
Business
Taylor owns a boutique and needed to compute her inventory of all the scarves and jackets. She had 35 scarves on the floor and five in the storeroom. She had 15 jackets on the floor and eight more in the storeroom. Sally purchased each scarf for $28 and each jacket for $95. The weighted average unit cost of scarves and jackets being sold is:
a. $54.63
b. $61.50
c. $48.70
d. $52.46
Solved
Show answers
More tips
- L Leisure and Entertainment How to Choose the Perfect Gift for Men on February 23rd?...
- H Health and Medicine How to Treat Whooping Cough in Children?...
- H Health and Medicine Simple Ways to Lower Cholesterol in the Blood: Tips and Tricks...
- O Other How to Choose the Best Answer to Your Question on The Grand Question ?...
- L Leisure and Entertainment History of International Women s Day: When Did the Celebration of March 8th Begin?...
- S Style and Beauty Intimate Haircut: The Reasons, Popularity, and Risks...
- A Art and Culture When Will Eurovision 2011 Take Place?...
- S Style and Beauty How to Choose the Perfect Hair Straightener?...
- F Family and Home Why Having Pets at Home is Good for Your Health...
- H Health and Medicine How to perform artificial respiration?...
Answers on questions: Business
- B Business 2. provide a definition for the following terms: • accounts receivable: enter definition here. • supplies: enter definition here. • prepaid rent: enter definition here. • furniture:...
- B Business Terrell has an employer-sponsored 401(k) plan that he contributes to, and his employer matches 25% of his 401(k) contributions. terrell s salary is $40,000, and last year he contributed...
- B Business Baker Industries’ net income is $23000, its interest expense is $5000, and its tax rate is 35%. Its notes payable equals $24000, long-term debt equals $75000, and common equity equals...
- G Geography The North European Lowland: Group of answer choices contains the mountain ranges of the Alps is the most densely populated of Europe s landscape regions does not include southeastern...
- B Business Angelica Reardon received a 4-year non-subsidized student loan of $19,000 at an annual interest rate of 6.3%. What are Angelica s monthly loan payments for this loan after she graduates...
- M Mathematics A young boy went to the circus with $20.00 and bought an admission ticket for $5.00, a drink for $2.00, a bag of cotton candy for $1.00, and a souvenir for $3.00. He paid 5% tax on...
- B Business The Nearside Co. just paid a dividend of $2.00 per share on its stock. The dividends are expected to grow at a constant rate of 4 percent per year, indefinitely. Investors require...
- B Business The Real Estate Products Division of McKenzie Co. is operated as a profit center. Sales for the division were budgeted for 2016 at $1,250,000. The only variable costs budgeted for...
- S Social Studies Renae has three brothers. Over the course of a weekend, she observed them in different situations with the new neighbors. Her oldest brother, Nick, stepped in front of her when the...
- M Mathematics Which function defins (g-f) (x)...
Ответ:
d. $52.46
Explanation:
The computation of the weighted average unit cost of scarves and jackets being sold is shown below:
Taylor Scarves Jacket Total Note
Floor 35.00 15.00
Storeroom 5.00 8.00
Total 40.00 23.00 63.00A
Purchase price $28.00 $95.00 B
Purchase cost $1,120.00 $2,185.00 $3,305.00C = (A × B)
Weighted average unit cost $52.46(C ÷ A)
hence, the option d is correct
Ответ:
Explanation:
JOURNAL
Date Account Title & Explanation Post Debit ($) Credit($)
Ref.
3- May Inventory 16,000
Cash 16,000
(To record the purchase at 8
per $ for 2000 units
5-May Account receivable 12,000
Sales 12,000
(To record the sales on account)
5- May Cost of goods sold 8000
Inventory 8000
(To record Cost of goods sold)
7- May Sales return & allowance 1,200
Account receivable 1,200
(To record the sales return)
7- May Inventory 800
Cost of good sold 800
(To record the cost of inventory
restored to Allied Company)
8- May Sales return allowance 400
Account receivable 400
(To record the credit of $400 given
to Macy company for compensate of
damage)
15- May Cash 10,192
Sales discount 208
Account receivable 10400
(To record the cash received within
discount period)
N:B
From above ; on May 15 ;
We determine the accounts receivable amount after sales return and allowances;
i.e
Account receivable = Sales - Sales return - Compensation Period
= $12,000 -$1,200 - $ 400
= $10,400
The cash discount = Account receivable × 2 %
= $10,400 × 0.02
= $208
The cash received amount = Account receivable × 98%
= $10,400 × 0.98
= $10,192
I hope that helps alot!