a) The gross margin for March, using the moving-weighted-average method is $5,907.
Journal Entries:
March 7th
Debit Inventory $3,000
Credit Cash $3,000
Debit Cost of Goods Sold $500
Credit Inventory $500
Debit Cash $800
Credit Sales Revenue $800
March 14th
Debit Inventory $3,060
Credit Cash $3,060
Debit Cost of Goods Sold $4,032
Credit Inventory $4,032
Debit Cash $6,400
Credit Sales Revenue $6,400
March 21st
Debit Inventory $3,060
Credit Cash $3.060
Debit Cost of Goods Sold $3,036
Credit Inventory $3,036
Debit Cash $4,800
Credit Sales Revenue $4,800
March 28th
Debit Inventory $3,030
Credit Cash $3,030
Debit Cost of Goods Sold $2,525
Credit Inventory $2,525
Debit Cash $4,000
Credit Sales Revenue $4,000
b) The gross margin for March, using the first-in-first-out method is $5,920.
Journal Entries:
March 7th
Debit Inventory $3,000
Credit Cash $3,000
Debit Cost of Goods Sold $500
Credit Inventory $500
Debit Cash $800
Credit Sales Revenue $800
March 14th
Debit Inventory $3,060
Credit Cash $3,060
Debit Cost of Goods Sold $4,000
Credit Inventory $4,000
Debit Cash $6,400
Credit Sales Revenue $6,400
March 21st
Debit Inventory $3,060
Credit Cash $3,060
Debit Cost of Goods Sold $3,030
Credit Inventory $3,030
Debit Cash $4,800
Credit Sales Revenue $4,800
March 28th
Debit Inventory $3,030
Credit Cash $3,030
Debit Cost of Goods Sold $2,530
Credit Inventory $2,530
Debit Cash $4,000
Credit Sales Revenue $4,000
Workings:
Cost of Goods Sold based on Moving Weighted-Average Method
Date Description Qty Unit Cost Total Cost Ending Balance
March 1st Beginning inventory 6 $500 $3,000 $3,000
March 7th Purchases 6 $500 $3,000 $6,000 ($3,000 + $3,000)
Week 1 Cost of Sales -1 $500 $500 $5,500 ($6,000 - $500)
March 14th Purchases 6 $510 $3,060 $8,560 ($5,500 + $3,060)
Week 2 Cost of Sales -8 $504 $4,032 $4,528 ($8,560 - $4,032)
March 21st Purchases 6 $510 $3,060 $7,588 ($4,528 + $3,060)
Week 3 Cost of Sales -6 $506 $3,036 $4,552 ($7,588 - $3,036)
March 28th Purchases 6 $505 $3,030 $7,582 ($4,552 + $3,030)
Week 4 Cost of Sales -5 $505 $2,525 $5,057 ($7,82 - $2,525)
Sales revenue = 20 x $800 = $16,000
Cost of goods sold = Cost of goods available – Ending inventory
= $10,093 ($15,150 - $5,057)
Gross margin for March = $5,907 ($16,000 - $10,093)
FIFO Method:
Date Description Qty Unit Cost Total Cost Ending Balance
March 1st Beginning inventory 6 $500 $3,000 $3,000
March 7th Purchases 6 $500 $3,000 $6, 000 ($3,000 + $3,000)
Week 1 Cost of Sales -1 $500 $500 $5,500 ($6,000 - $500)
March 14th Purchases 6 $510 $3,060 $8,560 ($5,500 + $3,060)
Week 2 Cost of Sales -8 $500 $4,000 $4,560 ($8,560 - $4,000)
March 21st Purchases 6 $510 $3,060 $7,620 ($4,560 + $3,060)
Week 3 Cost of Sales -6 $3,030 $4,590 ($7,620 - $3,030)
March 28th Purchases 6 $505 $3,030 $7,620 ($4,590 + $3,030)
Week Four Cost Sales -5 $510 $2,550 $5,070 ($7,620 - $2,550)
Sales revenue = 20 x $800 = $16,000
Cost of goods sold = Cost of goods available – Ending inventory
= $10,080 ($15,150 - $5,070)
Gross margin for March = $5,920 ($16,000 - $10,080)
Thus, Velentina's gross margin or profit is the difference between its sales revenue and the cost of goods sold.
Learn more about gross margin https://brainly.com/question/942181
Find 6 2/3 ÷ 2/7. Simplify the answer and write as a mixed number, if possible.
Answer:
Explanation:
6 2/3 = 20/3
[tex]\frac{\frac{20}{3} }{ \frac{2}{7} }[/tex]
Invert the denominator (2/7) and multiply that by 20/3
Invert means turn it upside down.
[tex]\frac{20}{3} * \frac{7}{2}[/tex] = [tex]\frac{140}{6}[/tex] =23 1/3
What are the characteristics of a good theory
Answer:
The characteristics of a good theory are :-
comprehensiveness, precision and testability, parsimony, empirical validity, and both heuristic and applied value.
Explanation:
1. Testable: Theories can be supported through a series of scientific research projects or experiments.
2.Replicable: In other words, theories must also be able to be repeated by others.
3. Stable: Another characteristic of theories is that they must be stable.
4.Simple: A theory should be simple.
which of these is an accurate characteristic of American civilizations from 1200-1450?
define office resources
Answer:
Sheets of paper, staples, glue, computers, desks, pens, pencils, printers.
Explanation:
All resources at the employee's hands to use.
discuss the assertion that non formal institution have no role to play at the processing stage of the system thery is an empty rhetoric?
When vinegar and baking soda react, the mixture becomes cold to the touch and a gas and a new liquid substance are formed.
Which best describes what is occurring in the reaction?
The reaction is chemical and endothermic.
The reaction is chemical and exothermic.
The reaction is non-chemical and endothermic.
The reaction is non-chemical and exothermic
Answer:
The reaction is chemical and endothermic
So i have to make trial balance and im kinda confused with 'interest'. So which side did it go to? Credit or debit? It didn't state the interest as received or expense/paid. someone told me to look at the bank but hey i need more explanation T^T
Answer:
debit
explanation:
The interest on capital is on credit side of a trial balance as it is a liability from the point of view of company or enterprise and it comes in the debit side
If it were possible to shine a flashlight from the outer edge of our galaxy, how long would it take for that beam of light to travel through the galactic web of stars, through the center, and out to the opposite side?
Our galaxy has a diameter of 105700 light years. So, it will take 105700 years for that beam of light to travel through the galactic web of stars, through the center, and out to the opposite side.
Correct Answer:
100,000 years
Explanation:
I got it right on my test. I hope this helps! :)
What are examples of Transportation and Logistics careers? Select five options.
Bus Driver
Hotel Clerk
Airline Pilot
Automotive Mechanic
Bank Teller
Shipping and Receiving Clerk
Health and Safety Engineer
Lifeguard
Answer:
Bus Driver, Airline Pilot, Automotive Mechanic, Shipping and Receiving Clerk, and Health and Safety Engineer.
Answer:
bus driver, airline pilot, automotive mechanic, shipping and receiving clerk, health and safety
Explanation:
what are the levels of ecology
Answer:
Within the discipline of ecology, researchers work at five broad levels, sometimes discretely and sometimes with overlap
Explanation:
organism, population, community, ecosystem, and biosphere.
Hope it's helps you
give five reasons for european exploration
Answer:
There are three main reasons for European Exploration. Them being for the sake of their economy, religion and glory. They wanted to improve their economy for instance by acquiring more spices, gold, and better and faster trading routes. Also, they really believed in the need to spread their religion, Christianity.
What the correct answer
Answer:
i think its C
Answer:
your answer is C
he wasindeed the first one
Which sentence below uses objective language?
Handing out citizenship for no better reason than being born here is a slap in the face to everyone who immigrated legally.
The Fourteenth Amendment says that any person born within the United States is a U.S. citizen.
Everyone who wants to revoke the Fourteenth Amendment is a hypocrite; all Americans are the descendants of immigrants
Birthright citizenship is one of the best and most fundamental ideals of American democracy.
The sentence is option B "The Fourteenth Amendment says that any person born within the United States is a U.S. citizen"
An objective language is a language that's based on facts and not an opinion of people or being bias. A subjective language refers to a language that's based on people's opinions and can be biased.
From the options given, according to the Fourteenth Amendment, any person that is born within the United States is a U.S. citizen. This is a statement of fact and not an opinion. It's an objective statement.
Other options are biased and are therefore not objective statement.
In conclusion, the sentence that uses an objective language is that "The Fourteenth Amendment says that any person born within the United States is a U.S. citizen"
Therefore, the correct option is B.
Read related question on:
https://brainly.com/question/17727459
Answer:
B. The Fourteenth Amendment says that any person born within the United States is a U.S. citizen.
Explanation:
A team of four students has to be selected from A, B, C, D, E, F and G, according to the following
conditions:
B will not be with F.
A and C must be together.
E will not be with A.
G and D must be together.
F will not be with G.
A team can consist of:
ABCE
BDEG
BDFA
Answer:
BDEG
Explanation:
ABCE can't be because E will not be with A.
BDFA can't be because B will not be with F.
explain how do we go about managing our time more systematically
Answer:
Being conscious of time will result in self-improvement and goal achievement. That's true in both your work and personal life. What's the best way to manage time effectively? Applying these 10 tips is a good start.
1. Have a Time Check
Know exactly how you spend your time. In an office setting, you should know the tasks that are stealing your time. Then you can do something about it. For example, you may be spending an hour on email instead of completing important projects. Knowing exactly where your time is going can help you make decisions about delegating tasks or buying software to speed up some lower-level processes.
2. Set a Time Limit
Setting a time limit for a task can be fun. In fact, it can be like a game. Some companies actually divide employees into groups, and the group that finishes a project or task first gets a reward. You can apply this principle to any task. Set a definite time limit, such as an hour or two. Then try to finish the task within the allotted time, and feel the excitement as you do it.
3. Use Software Tools for Time Management
Technology is more sophisticated at managing time. Various apps even help track employees' time so that you can monitor their check-ins and check-outs. The internet offers a variety of apps and tools, and some are useful for business management, especially for monitoring and assessing daily processes. For many apps, the advanced functions of the paid versions can also give you added control and better user experience.
4. Have a To-Do List
Having a list is always a time saver. If you have a list, you'll never have to wonder what's on the daily agenda or what to do next. Indeed, a list keeps you focused and motivated, focused on feeling that sweet satisfaction every time you tick off a task from your list. Lists also let you see – and monitor – your progress. Even if you're surrounded by distractions, your list will keep you on the right track.
5. Plan Ahead
Planning ahead is a critical part of time management. Ideally, you should plan ahead for the week or at least the day before. When you know exactly what needs to get done for the day or week, you'll stay organised and focused. You can break tasks across days to see, in advance, how much time is needed to complete a project. Even spending just a few minutes planning ahead can transform how you work.
6. Start with Your Most Important Tasks
Do your most important tasks in the morning. All those stressful tasks, the big bulk of your work, the hardest tasks – do them in the morning. The reason is simple. You have the most energy in the morning, so you will be able to tackle the tasks efficiently and competently. Plus, the feeling of accomplishment at getting the most important stuff done first will make the rest of the day that much better.
7. Delegate and Outsource
You can't do everything by yourself, so cut yourself some slack and delegate. Maybe it's time for you to train someone to do some simple processes in your work or office. That frees you up to focus on the bigger projects or the more complicated tasks. You can even outsource the work to an experienced freelancer and save money.
8. Focus on One Task at a Time
If you have chosen to do a task, see it through to the end – finish it. Avoid doing half work, which means abandoning your current task and doing something else entirely. One example of half-work is writing a report then suddenly checking your email for no reason and writing replies. That's not only bad time management but also bad for your concentration. You'll lose your momentum. Focus on the task at hand, and avoid these pitfalls.
9. Make Some Changes in Your Schedule
If you feel more energised at certain times of the day, change your schedule to embrace that. Make the most of your time. Some people are more energised in the morning, while some are night owls. When you choose the best time schedule for you, you'll enjoy the benefits of being able to do more.
10. Avoid Perfection
Don't let the perfect be the enemy of the good, as they say. Avoid overanalysing everything you do. That doesn't mean be careless, however. Do your best – always. But perfection can drag you down, so don't think about it. Once you've finished a task and given it your best, you have to move on.
Effective time management is ultimately a result of having the right attitude and commitment to your goals. Software tools can help aid in your time management efforts, and there are plenty of calendars and time-tracking devices available to help you manage time effectively.
Whatever tips or tools you use, use your time wisely, but also make time for rest and relaxation to keep you happy and motivated all throughout your life.
Biểu diễn trong mặt phẳng dọc các loại lực tác dụng lên oto có hai cầu chủ động đang giảm tốc xuống dốc
Answer:
Biêu diên trong mât phãng doc các loai luc tác dung let oto có hai cãu chu dông dang giäm töc xuöng döc
A set of biology exam scores are normally distributed with a mean of 60 points and a standard deviation of 6 points. Antoaneta got a score of 51 points on the exam. What proportion of exam scores are higher than Antoaneta's score? You may round your answer to four decimal places.
Answer:
0.9332 (0.93 rounded) of exam scores are higher than Antoaneta's score
Answer:
0.9332
Explanation:
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