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NEW QUESTION: 1
Greenbelt Processors had a beginning inventory of 798 units valued at a cost of 34,895. It purchased
4 ,474 units of new inventory worth 195,402 during the year. A year-end audit revealed that it had 853 units on hand.
If Greenbelt uses the weighted average cost method, what was its COGS for the year?
A. 193,027
B. 193,035
C. 193,000
Answer: B
Explanation:
Under average cost method, we price all units including those in beginning inventory and purchased during the year at an average price.
Average price = [34,895 + 195,402] / [798 + 4,474] = 43.683 Ending inventory = 853 x 43.683 = 37,262
COGS = BI + Purchases - EI = 34,895 + 195,402 - 37,262 = 193,035.

NEW QUESTION: 2
In which of the following deployment models of cloud is the cloud infrastructure operated exclusively for an organization?
A. Community cloud
B. Public cloud
C. Hybrid cloud
D. Private cloud
Answer: D
Explanation:
Explanation/Reference:
Explanation: In private cloud, the cloud infrastructure is operated exclusively for an organization. The private cloud infrastructure is administered by the organization or a third party, and exists on premise and off premise.

NEW QUESTION: 3
What are the earliest point in time that the attributed profitability segments can be derived? Please choose the correct answer.
A. When you run the realignment in profitability analysis
B. When you post the primary cost document
C. When you settle the cost to profitability analysis
D. When you run the results analysis for cost objects
Answer: B