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

g A visit to a hospital emergency room for something as simple as a sore throat could have a mean cost of $328. Assume that this cost is normally distributed with a standard deviation of $82. If you want to be in the bottom 50%, what will be the cut-off dollar amount

Answers

Answer:

The cut-off dollar amount is $328.

Step-by-step explanation:

Normal Probability Distribution:

Problems of normal distributions can be solved using the z-score formula.

In a set with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the z-score of a measure X is given by:

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the p-value, we get the probability that the value of the measure is greater than X.

Mean cost of $328, standard deviation of $82.

This means that [tex]\mu = 328, \sigma = 82[/tex]

If you want to be in the bottom 50%, what will be the cut-off dollar amount?

The 50th percentile, which is X when Z has a pvalue of 0.5. So X when Z = 0.

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

[tex]0 = \frac{X - 328}{82}[/tex]

[tex]X - 328 = 0*82[/tex]

[tex]X = 328[/tex]

The cut-off dollar amount is $328.

Complete the inequality with >, < or =
62

Answers

Answer:

4'3 = 6'2

=

Step-by-step explanation:

4 x 4 x 4 = 64

6 x 6 = 64

hope this helps

The local animal shelter expects a 42% decrease in adoptions in october. During September 85 animals were adopted. About how many animals are expected to be adopted in October?​

Answers

Answer:

36 animals were expected to be adopted in October

Step-by-step explanation:

42%/100  = 0.42

0.42 * 85 = 35.7

35.7 rounds up to 36 animals! (Since you can't have 0.7 animals XD)

Good luck!!

Answer:

42

___ x 85 = 35.7

100

35.7 rounded would be about 36. Because that is what they are expecting to be adopted.

Y=x+3
2x+y=-6
Find the solution :

Answers

Answer:

Your solution is (-3,0)

Step-by-step explanation:

Hi,

We know what Y is, so we can plug it into the second equation.

2x + y = -6

2x + (x + 3) = -6

Now, add the like terms...

3x + 3 = -6

3x = -9

x = -3

Now, plug x back in to find y.

y = x + 3

y = (-3) + 3

y = 0

Your solution is (-3,0)

Hope this helps :)

Simplify the expression 2(10)+2(x-2)

Answers

Answer:

16 + 2x

Step-by-step explanation:

The answer is 2x+16........ hope this helps

Norris bought a television for $899. If the tax is 5.5%, how much sales tax will he pay?

Answers

Answer:

$49.445 or $49.5 if they round

Step-by-step explanation:

Answer:

$948.45

Step-by-step explanation:

■ Sales tax: $49.45

■ Cost/Price before ST: $899.00

■ Total Cost/Price including ST: $948.45

lyle has this juice box in his lunch. how much juice does it hold when its full?
A. 7/8ft^3
B. 3/14ft^3
C. 1/64ft^3
D. 1/14ft^3

Answers

It would be C. All you have to do is length times width times height

A plane flying horizontally at an altitude of 1 mile and a speed of 460 mi/h passes directly over a radar station. Find the rate at which the distance from the plane to the station is increasing when it is 2 miles away from the station. (Round your answer to the nearest whole number.)

Answers

Answer:

The rate increases at 398mi/h

Step-by-step explanation:

Given

[tex]\frac{dx}{dt} = 460mi/h[/tex] --- rate when [tex]y = 2[/tex] --- distance

The given parameters is represented with the attached figure

Using Pythagoras theorem [take the attached image as a point of reference]

[tex]y^2 = x^2 + 1^2[/tex]

[tex]y^2 = x^2 + 1[/tex]

Differentiate with respect to time (t):

[tex]2y \frac{dy}{dt} = 2x \frac{dx}{dt}[/tex]

Divide both sides by 2

[tex]y \frac{dy}{dt} = x \frac{dx}{dt}[/tex] --- (1)

When y = 2:

[tex]y^2 = x^2 + 1^2[/tex] --- Pythagoras Theorem

[tex]2^2 = x^2 + 1[/tex]

[tex]4 = x^2 + 1[/tex]

Collect like terms

[tex]x^2 = 4 -1[/tex]

[tex]x^2 = 3[/tex]

Solve for x

[tex]x = \sqrt 3[/tex]

So:

[tex]y \frac{dy}{dt} = x \frac{dx}{dt}[/tex]

Substitute: [tex]x = \sqrt 3[/tex], [tex]\frac{dx}{dt} = 460mi/h[/tex] and [tex]y = 2[/tex]

[tex]2 * \frac{dy}{dt} = \sqrt 3 * 460[/tex]

[tex]2 * \frac{dy}{dt} = 460\sqrt 3[/tex]

Divide by 2

[tex]\frac{dy}{dt} = 230\sqrt 3[/tex]

[tex]\frac{dy}{dt} = 230*1.7321[/tex]

[tex]\frac{dy}{dt} = 398.383[/tex]

[tex]\frac{dy}{dt} \approx 398[/tex]

The director of training for an equipment manufacturing company is interested in determining whether different training methods have an affect on the productivity of assembly line employees. She randomly assigns 42 newly hired employees into two groups of 21. The first group receives an on-line training program and the second receives a team based training program. At the end of the training, the employees are evaluated on the time (in seconds) that it takes to assemble a part. The results follow. A hypothesis test is made to see if there is a significant difference in the mean assembly times. What is the null hypothesis?On-Line19.4 16.7 20.7 19.3 21.8 16.8 14.1 17.7 16.1 19.8 16.819.3 14.7 16.0 16.5 17.7 16.2 17.4 16.4 16.8 18.5Team22.4 13.8 18.7 18.0 19.3 20.8 15.6 17.1 18.0 28.2 21.720.8 30.7 24.7 23.7 17.4 23.2 20.1 12.3 15.2 16.0

Answers

Answer:

The null hypothesis is that there is no difference between the mean time it takes an online trained employee or a team-based trained employee to assemble the given part

Step-by-step explanation:

The information the director of the equipment manufacturing company is interested in determining is weather the productivity of assembly line employees is affected by the method used in their training

The total number newly hired employees in the sample = 42

The number of newly hired employees that receive training online = 21

The number of newly hired employees that receive training in a team = 21

The given data of the result of the time it takes an employee to assemble a part is presented as follows;

On-Line 19.4, 16.7, 20.7, 19.3, 21.8, 16.8, 14.1, 17.7, 16.1, 19.8, 16.8, 19.3, 14.7, 16.0, 16.5, 17.7, 16.2, 17.4, 16.4, 16.8, 18.5

Team; 22.4, 13.8, 18.7, 18.0, 19.3, 20.8, 15.6, 17.1, 18.0, 28.2, 21.7, 20.8, 30.7, 24.7, 23.7, 17.4, 23.2, 20.1, 12.3, 15.2, 16.0

The mean time for the of the on-line trained employee, [tex]\overline x_1[/tex] = 17.55714

The standard deviation of the time for the of the on-line trained employee, s₁ = 1.93328

The mean time for the of the team based trained employee, [tex]\overline x_2[/tex] = 19.89048

The standard deviation of the time for the of the team based trained employee, s₂ = 4.5667

The null hypothesis, H₀:  [tex]\overline x_1[/tex] = [tex]\overline x_2[/tex]

The alternative hypothesis, Hₐ:  [tex]\overline x_1[/tex] ≠ [tex]\overline x_2[/tex]

[tex]t=\dfrac{(\bar{x}_{1}-\bar{x}_{2})}{\sqrt{\dfrac{s_{1}^{2} }{n_{1}}-\dfrac{s _{2}^{2}}{n_{2}}}}[/tex]

Therefore, we have;

[tex]t=\dfrac{(19.89048 - 17.55714)}{\sqrt{\dfrac{4.57667^{2}}{21} - \dfrac{1.93328^{2} }{21}}} \approx 2.5776[/tex]

The degrees of freedom, df = n₁ - 1 = 21 - 1 = 20

At 95% confidence level, we have α = 1 - 0.95 = 0.05, and t = 2.086

Therefore, given that the test statistic is larger than the critical 't' value, we reject the null hypothesis. There is sufficient statistical evidence to show that there is a difference between the mean time of assembly value for the on-line trained and team-based employee

ANSWER BOTH QUESTIONS

Answers

Answer:

a and c

Step-by-step explanation:

write an inequality to represent the situation: the temp stayed above -15 degrees

Answers

Answer:

t> - 15

I hope this helps, if it's right please give me brainless

<--------- -15      -10     -5      0

----------------------------------------

there would be an open dot under -15

Find the next term of the following sequence.
9. 6. 4

Answers

Answer:

3

Step-by-step explanation:

Answer: 3

3 would be the answer cuz the it goes down by 3 then 2 then 1

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:

Figure ABCD is a rhombus. Find the
value of x.
B
3x - 11
E
X +9
A
D
X = [?]
Help please

Answers

Answer:

Step-by-step explanation:

3x-11  = x+9

2x = 20

x = 10

Answer:

x=10

Step-by-step explanation:

Which graph represents the function f(x)=0•2^x+3

Answers

Step-by-step explanation:

Literally, lets not waste anybody's time. Super simple fix, you'll thank me later!

Type in desmos graphing calculator.

As a punishment for something naughty that we did, my little brother and I have to whitewash both sides of a fence. We start at the same time, and we each work at a constant rate.

If we each whitewash one side, I'll finish in $2$ hours and my brother will finish in $3$ hours. But I'm a nice kid, so after I finish my side, I go around to the other side and help my brother finish his side. From the time I start helping him, how many minutes does it take us to finish the job?

Answers

Answer:

60 minutes which grade

are you in I did it I think

Step-by-step explanation:

I Finish Work in 2 hrs

Work done in 1 Hr = 1/2

Brother Finish work in 3 Hrs Work done in 1 hr = 1/3

Let Say both Complete Work in T hrs as it has to be painted on both sides

Then T (1/2+1/3) = 2

=> T × 5/6 = 2

=> T = 2 Hr 24 Mins

=> T = 12/5 I will Take 2 Hrs to finish my work & 24 Mins to finish after start Helping

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10 men can complete a job in 200 days. They started the work. After...

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Is this sequence arithmetic? 6,11,16,21

Answers

Answer: Yes, it is.

Step-by-step explanation:

Sorry, I just know the answer because I just did this in school. Like- right now

Daphne's teacher told her that the standardized score for her history exam, as compared to the other students in the course, is 2.50. Which of the following is the best interpretation of this standardized score?
A. Daphne's test score is 2.50.
B. Daphne's test score is 2.50 times the average test score of students in the course.
C. Daphne's test score is 2.50 standard deviations above the average test score of students in the course.
D. Daphne's test score is 2.50 above the average test score of students in the course.
E. None of the above gives the correct interpretation.

Answers

Answer:

Step-by-step explanation:

Answer: C. Daphne's test score is 2.50 standard deviations above the average test score of students in the course.

Step-by-step explanation: That's what Z-score is

Item 2
A student has earned a 98%, 97%, 83%, 94%, and 90% on her unit tests.

What is the student's median unit test score?

Enter your answer in the box.

Answers

Answer: 92.4

Step-by-step explanation: Median is where you add up all numbers and then divide by how many numbers there are so it would be

98+97+83+94+90= 462 Then you divide that by 5 and get 92.4

Hope this helps ^^

Mrs Sogiba is catering for her son's birthday party. She has invited some of
her son's friends to theparty. The number of friends is a compositemultiple of her
son's age on his birthday. She has baked 48 cup cakes and each childwill receive
exactly the same number of cupcakes. Use your knowledge of factors and multiples
to find out how old her son will be on this birthday.

Answers

Answer:

48 cupcakes divided by the boys age equals amout of cupcakes per person.

Step-by-step explanation:

I need help please help

Answers

Answer: 25.12

Step-by-step explanation: good luck

Determine if the measurements below will create a triangle. Then, explain your thinking.
55°, 80°, 55°

Answers

Answer:

No, the measurements given cannot be used to create a triangle.

Explanation:

The sum of all the angles of a triangle should be 180°.

Here,

55°+80°+55°=190°

which is not equal to 180°.

So, the traingle cannot be formed using the given measurements.

What is the value of x in this equation: 4x+5=3x+4

Answers

move everything to one side, it becomes negative
3x+4-4x-5
=-x-1

Consider the two functions below which one of these functions in the line year what is its equation answer any answer totwo decimal places

Answers

Answer:

The thing u pasted is glitched and isn't loading

Step-by-step explanation:

CAN SOMEONE HELP ME!!

Rich needs $50,000 for a down payment on a home in 5 years. How much must he deposit into an account that pays 6% interest, com pounded quarterly , in order to meet his goal ?

Answers

Answer

37 ,123.52

Explanation

the image above, hope it helps

please help it due rn ​

Answers

Answer:

I think that the answer would be C .

hope it was helpful :)

Find the value of x in the equation 2^x -4x=0

Answers

Answer:

wouldnt the value of x be r?

x≈0.3 and x=4! hope this helps!

please help me

( - 3 ) ( a + x ) , if a + 8, x = - 10

Answers

Answer:

6

Step-by-step explanation:

-3 x (8 + [-10]) =

-3 x (8 - 10) =

-3 x -2 =

6

HOpe that helps!

Answer: 6

Step-by-step explanation:

finding the answer from an equation

replace the values of x and a in the equation:

(-3) * ( 8 + -10)

= (-3) * (-2)

recall :

(-) * (-) = +

hence -3 * -2

= 6

Hope this helps. Can u pls give me brainliest

Suppose that you have a bowl of 500 m&m candies, and each day you eat 1/4 of the candies you have. Is the number of candies left changing linearly or exponentially? Write an equation to model the number of candies left after n days.

Answers

Answer:

[tex]500(.75)^{n}[/tex]

Step-by-step explanation:

It is changing exponentially because if you are eating a fraction of the left over m & m's, that is a different amount each time so it can't be linear.

500(1-(1/4))^n

[tex]500(.75)^{n}[/tex]

Initial quantity of the candies = 500

If we eat [tex]\frac{1}{4}[/tex] candies each day, number of candies after one day

= 500 - [tex]\frac{1}{4}\times 500[/tex]

= 500 - 125

= 375

Number of candies after two days

= 375 - [tex]\frac{1}{4}\times (375)[/tex]

= 281.25

Therefore, sequence formed will be.

500, 375, 281.25.......n days

Ratio of 2nd and 1st term = [tex]\frac{375}{500}[/tex] = 0.75

Ratio of 3rd and 2nd term = [tex]\frac{281.75}{375}[/tex] = 0.75

Therefore, there is a common ratio of 0.75 in each successive and previous term.

And the sequence will be a geometric sequence.

Expression for the exponential decay is,

[tex]A=A_0(1-r)^n[/tex]

Here, A = Final amount

[tex]A_0=[/tex] Initial amount

r = percentage decrease

n = duration

From the given question,

[tex]A_0=500[/tex]

r = [tex]\frac{1}{4}=\frac{25}{100}[/tex]

Therefore, equation for the decrease in number of candies will be.

[tex]A=500(1-0.25)^n[/tex]

[tex]A=500(0.75)^n[/tex]

Learn more,

https://brainly.com/question/2193820

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

Answers

LxW = 4x4.5=18ft^2 cut in half thats 9ft^2
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