Monarch Company uses a weighted-average perpetual inventory system, and has the following purchases and sales:January 120 units were purchased at $10 per unit.January 1212 units were sold.January 2018 units were purchased at $11 per unit.What is the value of ending inventory? (Round average cost per unit to 2 decimal places.)
A. $120.
B. $126.
C. $272.
D. $398.
E. $278.
Answer: E
You might also like to view...
Which university was the first to offer a bachelor’s degree in philanthropy?
A. Harvard University B. University of Wisconsin C. Indiana University D. University of Maryland
The faster a firm grows, the greater is the shortfall in cash and the firm might borrow funds from the bank on a revolving credit arrangement. Why?
a. Most of the cash outflows for expenses occur before the firm receives the cash inflows from a sale. b. The lag between cash outflows and cash inflows can lead to cash shortfalls. c. Cash disbursements to employees and suppliers precede cash collections from customers. d. all of the above e. none of the above
A common task of the senior mail clerk is to open and route mail to the appropriate departments or individuals when the mail has not been so addressed
Indicate whether the statement is true or false.
Which of the following would be used in setting the price of a new product if considerable competition is expected?
A. Psychological pricing B. Penetration pricing C. Odd-number pricing D. Price skimming E. Reference pricing