Homework Answers
26.) Option B is correct i.e. $25,350
Calculation:-
Weighted average cost per unit
= [(110 x 220)+(120 x 224)+ (70 x 176)+(100 x 168)]/(110+120 +70+100)
= 78,000/400 = $195
Ending inventory = 400 - 70 - 110 - 90 = 130 units
Cost of ending inventory = 130 x 195 = $25,350
27.) Option D is correct i.e. combining Authorization and custodianship.
Reason:-
Strong internal control always have the feature of segregation of duties not combining them.
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