Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. lesnik corp. had beginning inventory in january of

Lesnik Corp. had beginning inventory in January of Year 13 of 10,000 units costing $1...

90.2K

Verified Solution

Question

Accounting

Lesnik Corp. had beginning inventory in January of Year 13 of 10,000 units costing $1 each. On January 14, 4,000 units were purchased costing $3 each. On March 20, 8,000 units were sold. On December 22, 6,000 more units were purchased at $6 each. If Lesnik Corp. uses a periodic system, Lesnik Corp. would report ending inventory using the weighted average method in the amount of:

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

art B elena finds the area of irregular fig 1 Helena wants to change the...

Psychology
1.2K views

Imagine that you are a mental health counselor. Based on the American Psychological Association’s Code of Conduct,...

Mechanical Engineering
1.2K views

I had to teardown a stapler and figure out how all the part wor together, bit...

Biology
1.2K views

a b C Question How do acids and bases affect the reaction rate of an...

Physics
1.2K views

In Young s double slit expt incoherent sources of equal amplitude a are used Intensity...

Geometry
1.2K views

4 The horizontal distance from a person to a kite is 85 ft and 100...

Statistics
1.2K views

A university class has 24 students 8 are business majors 4 are history majors and...

Statistics
1.2K views

Given the following Linear Regression model Pounds of Trash Per Household 1 5 x Person...

Calculus
1.2K views

Find the formula for an exponential equation that passes through the points 0 5 and...

Accounting
1.2K views

Present and future value tables of $1 at 3% are presented below: N FV $1...

Accounting
1.2K views

Module 4 EXERCISE 2/3: Indirect Method Activity Page 1: Question 3 (1 point) Daveco's Net...

Accounting
1.2K views

Excel sheet: https://imgur.com/7UwGWL0 1. How do i find how many stores achieved a Tier 4...