Warner Company purchased two units of a product for $36 and later purchased one more for $40. If the company uses the weighted average cost flow method, and it sold one unit of the product for $60, its gross margin would be $22.00.
Answer the following statement true (T) or false (F)
False
Average cost per unit = Cost of goods available for sale of [(2 × $36) + (1 × $40)] ÷ Units available for sale of 3 = $37.33 per unit
Selling price of $60 ? Cost of goods sold of $37.33 = $22.66
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The Employee Free Choice Act would increase penalties to employers who violate the NLRA and change voting procedures so that simply showing a majority of signed authorization cards would be enough to certify the union.
Answer the following statement true (T) or false (F)
Ron owes Lloyd $500 due March 1. Lloyd assigns his right to the money to Lou, but neither Lloyd nor Lou notifies Ron. On March 1, Ron pays Lloyd the $500. Ron is not discharged from his obligation, but is liable to Lou for the money
Indicate whether the statement is true or false
A financial contract that will provide annual payments over either a specified time period or a person's lifetime is a(n) ________
Fill in the blank(s) with the appropriate word(s).
Attorneys, auctioneers, and other such persons who conduct business on behalf of the principal are examples of:
a. agents who are also employees b. independent contractors who are also agents c. independent contractors who are also employers d. agents who are also employers e. none of the other choices are correct