Inventory Costing Methods—Perpetual Method

Arrow Company is a retailer that uses the perpetual inventory system.

Calculate the inventory cost of item A on August 11 (after the sale) using (a) first-in, first-out, (b) last-in, first-out, and (c) the weighted-average cost methods.

Do not round until your final answers. Round your final answers to the nearest dollar.

Sailplanes use updrafts to stay aloft for hours at a time. Near one particular airfield, a stone quarry (with very dark rocks) surrounded by a wooden area provides a particularly regular source for updrafts on hot days. With your knowledge of heat transfer, explain the processes that create the updraft

What happens to the light [energy] after it enters an eye and hits the rods and cones? I presume the energy becomes electrical, and it must be near 100% perfect, else our eyes would heat up? Or am I missing something?

The motivation of this question is solar panel technology.

Briefly discuss the main difference between the valence bond and molecular orbital treatments of electronic states in molecules. Which is a better representation of molecules with all bond lengths at their equilibrium separation? And which is better when one or more bond lengths are stretched near their dissociation limit? Explain.

For each of the following, would a score of X = 85 be considered a central score (near the middle of the distribution) or an extreme score (far out in the tail of the distribution)? µ =75 and σ = 15 µ =80 and σ = 2 µ =90 and σ = 20 µ =93 and σ = 3

What are the main characteristics of born global firms? Evaluate the drivers of market globalization that have allowed born global firms such as Instagram to internationalize at, or near, their founding. What advantages do you think a young company can gain by entering international markets soon after their founding?

Experiences with a school-age child whose family is at or near the poverty level. How did poverty impact their life? Include examples of strengths within the child and family, or relationships and resources available to them outside of the family that may have helped them overcome some of the obstacles to their success.

a. The market price is determined by:

multiple choice 1

• marginal revenue and marginal cost.

• market demand and market supply.

• marginal revenue and average total cost

b. To determine the firm's profit-maximizing output, the firm will set its marginal revenue equal to:

multiple choice 2

• marginal cost.

• average variable cost.

• average total cost.

• market price.

c. A firm is making an economic profit if, at the profit-maximizing output, the market price is:

multiple choice 3

• less than average total cost.

• less than average variable cost.

• greater than average total cost.

• greater than average variable cost.

d. If firms are earning economic profits, the market price will:

multiple choice 4

• fall as some existing firms exit the market.

• increase as some existing firms exit the market.

• fall as new firms enter the market.

• increase as new firms enter the market.

1. Ingrim Corporation uses Weighted Average in its process costing system. The following data concern the company’s Processing Department for the month of May:

Required:
a. Determine the equivalent units of production for materials and conversion
b. Determine the cost per equivalent unit for materials and conversion costs (consider two decimals ) .
c. Determine the total cost of completed & transferred out units and total cost of work in process ending .