QUESTION 26 On September 1, the beginning inventory for Koppel Company was 110 units at $200...

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QUESTION 26 On September 1, the beginning inventory for Koppel Company was 110 units at $200 eachi Purchases and sales during

business accounting

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Answer 1

Answer #1

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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Answer 2

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QUESTION 26 On September 1, the beginning inventory for Koppel Company was 110 units at $200...

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QUESTION 26 On September 1, the beginning inventory for Koppel Company was 110 units at $200...

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