20) Find the total cost of purchases. Date of purchase Units purchased Cost per

Business & Finance
Tutor: None Selected Time limit: 1 Day

20) Find the total cost of purchases. 

Date of purchase      Units purchased            Cost per unit 

Beginning inventory            35                                 $6.31 

   June 5                              45                                 $6.95 

   August 5                           30                                 $7.11 

A) $319.95           B) $746.90                    C) $810.45                       D) $526.05

Apr 26th, 2015

total cost of purchase= units purchased * cost per unit

                                   = 35* 6.31+45*6.95+30*7.11

                                   = 746 .90................................................................


answer is option    B )  746.90..............................................


hope you understood...please message if you have any doubts...thank you

Apr 26th, 2015

OK CHECK THIS RIGHT I ALSO GOT ANSWER A 

35* 6.31+45*6.95+30*7.11 

FOR  August 5                      30                                 $7.11 

I SUBTRACT 213.30 FROM 533.60 SINCED UNITS PURCHASED DROPPED


Apr 26th, 2015

25) A vertical analysis of an income statement shows the ratio of each item on the income statement to the: 

A) owner's equity 

B) net sales 

C) total sales 

D) total income

Apr 26th, 2015

A) OWNERS EQUITY,............................................................

Apr 26th, 2015

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