Business
Business, 13.07.2019 03:50, anggar20

True or false an advantage of the weighted average inventory method is that it tends to smooth out erratic changes in costs.

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Mathematics, 20.07.2019 01:40, cclappm8697
Perpetual inventory using weighted average beginning inventory, purchases, and sales for meta-b1 are as follows: july 1 inventory 100 units at $400 12 sale 70 units 23 purchase 120 units at $450 26 sale 110 units a. assuming a perpetual inventory system and using the weighted average method, determine the weighted average unit cost after the july 23 purchase. $per unit b. assuming a perpetual inventory system and using the weighted average method, determine the cost of the merchandise sold on july 26. $ c. assuming a perpetual inventory system and using the weighted average method, determine the inventory on july 31. $
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Business, 30.07.2019 02:10, pizarroisaid
Loire co., a calendar year-end firm, has used the fifo method of inventory measurement since it began operations in year 3. loire changed to the weighted-average method for determining inventory costs at the beginning of year 6. justification for this change was that it better reflected inventory flow. the following schedule shows year-end inventory balances under the fifo and weighted-average methods: year fifo weighted-average 3 $ 90,000 $108,000 4 156,000 142,000 5 166,000 150,000 in its year 6 financial statements, loire included comparative statements for both year 5 and year 4. what amount should loire report as inventory in its financial statements for the year ended december 31, year 4, presented for comparative purposes?
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Business, 31.07.2019 02:10, Lacey9319
Periodic inventory using fifo, lifo, and weighted average cost methods the units of an item available for sale during the year were as follows: jan. 1 inventory 12 units at $46 $552 aug. 7 purchase 18 units at $49 882 dec. 11 purchase 14 units at $51 714 44 units $2,148 there are 17 units of the item in the physical inventory at december 31. the periodic inventory system is used. determine the inventory cost using (a) the first-in, first-out (fifo) method; (b) the last-in, first-out (lifo) method; and (c) the weighted average cost method (round per unit cost to two decimal places and your final answer to the nearest whole dollar). a. first-in, first-out (fifo) $ b. last-in, first-out (lifo) $ c. weighted average cost
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Business, 06.09.2019 00:30, jerenasmith8
Which inventory cost method offers income tax savings during periods of rising prices? a. specific identification inventory cost method b. weighted average inventory cost method c. fifo inventory cost method d. lifo inventory cost method
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