Sierra Company uses the perpetual inventory system. How would the company calculate the cost of goods sold when recording a sale under the weighted-average cost flow method?
What will be an ideal response?
When weighted-average is used, first, the average cost per unit is calculated by dividing the total cost of goods available for sale by the total number of units available. Then, cost of goods sold is calculated by multiplying the average cost per unit by the number of units sold.
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Which act was one of the first new laws Congress passed in 1963 that made it unlawful to discriminate in pay based on sex when jobs involve equal work and are performed under similar working conditions.
A. Vocational Rehabilitation Act of 1973
B. pregnancy discrimination act
C. Equal Pay Act
D. Title VII of Civil Rights Act 1964
Varela Corporation's relevant range of activity is 2,000 units to 6,000 units. When it produces and sells 4,000 units, its average costs per unit are as follows: Average Cost per UnitDirect materials$5.95Direct labor$3.30Variable manufacturing overhead$1.60Fixed manufacturing overhead$3.00Fixed selling expense$0.50Fixed administrative expense$0.40Sales commissions$1.50Variable administrative expense$0.50 For financial reporting purposes, the total amount of period costs incurred to sell 4,000 units is closest to:
A. $3,600 B. $7,700 C. $11,600 D. $8,000
Which of the following is an example of a relational return?
A. Employment security B. Income protection C. A long-term incentive D. A short-term incentive
Explain in brief the effect of advertisements on consumers and businesses.
What will be an ideal response?