Seminole Company began the year with 23,000 units of product in its January 1 inventory costing $15 each. It made four purchases of its product during the year as follows. The company uses a periodic inventory system. On December 31, a physical count reveals that 40,000 units of its product remain in inventory.

Answers

Answer 1

The total cost of the units available for sale during the year equals to $3,150,000.

What is total cost of units?

Basically, an unit cost means the total expenditure incurred by a company to produce, store and sell one unit of a particular product or service. Its includes all of the fixed and variable costs associated with the production of a good or service.

The computation of the number and total cost of units available for sale are as follows:

= 23,000 units in beginning inventory * $15

= $345,000

= 30,000 units purchased * $18

= $540,000

= 39,000 units purchased * $20

= $780,000

= 23,000 units purchased * $25

= $575,000

= 35,000 units purchased * $26

= $910,000

Therefore, for the 150,000 units, the cost available for sale equals to the amount of $3,150,000.

Missing wordings "Mar. 730,000 units at $18 each, May 2,539,000 units at $20 each, Aug. 123,000 units at $25 each, Nov. 1,035,000 units at $26 each. Requirement: Compute the number and total cost of the units available for sale during the year".

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A limited liability company (LLC) is a popular choice among small business owners for the liability protection, management flexibility, and tax advantages this form of business entity often provides.

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Gramm-Leach-Bliley Act requires financial institutions to ensure the security and confidentiality of customer data and mandates that data must be stored on a secure medium and protected during storage and transmittal.

The Gramm-Leach-Bliley Act requires financial institutions (companies that provide financial products or services to consumers, such as credit, financial or investment advice, and insurance) to explain their information-sharing practices to their customers and Obliged to protect.

GLBA requires entities that qualify as “financial institutions” to take a number of positive steps to prevent the unauthorized collection, use and disclosure of NPIs. These obligations are imposed by two "rules": (i) Privacy Rules and (ii) Security Rules.

To comply with the GLBA, financial institutions must provide customers with notice of how they share their confidential information and the right to opt out if they do not want their personal information shared with third parties. be notified and apply special protective measures. to personal data in customer accounts.

Learn more about GLBA https://brainly.com/question/15835106

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