A product has an updated weight value after a manufacture change, and the inventory report has an inconsistent total value for the calculated "Cost" field. What should be performed to resolve the issue?Select an answer:Create a calculation that subtracts the total value from the expected value.Confirm the calculation is updated to reflect the change.Create a calculation that subtracts the updated weight value from the calculated cost field.Create a calculated field that captures the difference between the total and expected value.

second part of the question: If nothing changes (including the safety stock and inventory position), what is the total inventory cost expected for the year? (Use the quantity calculated before and select the closest dollar value)

Under the weighted average system of stock valuation, the average unit cost is calculated by:Question 12Answera.Dividing the total cost of inventory on hand by the total number of inventory items on handb.Adding the unit purchase prices of inventory items on hand and dividing the sum by twoc.Dividing the total cost of inventory issued by the total number of inventory items issuedd.Dividing the total cost of inventory on hand by two

Which inventory costing method uses the oldest cost for Cost of Goods Sold on the income statement and the newest cost for Inventory on the balance sheet?Multiple choice question.Weighted averageSpecific identificationLIFOFIFO

The GMA corporation shows the following data  related to an item of InventoryInventory, January 1 100 units @P50 Purchases, January 9 300 units @ P54 Purchases, January 19 90 units @ P60 Sales, January 20 340 units Inventory, January 31 150 units What value should be assigned to the ending inventory using Weighted Average method?

Jammer Company uses a weighted average perpetual inventory system and reports the following: Date Activities Units Acquired at Cost Units Sold at RetailAugust 2 Purchase 10 units @ $27 = $270  August 18 Purchase 15 units @ $30 = $450  August 29 Sales   20 units soldAugust 31 Purchase 14 units @ $31 = $434   What is the per unit value of ending inventory on August 31? Answers should be rounded to the nearest cent.Multiple Choice$27.00$32.32$28.80$30.42$31.00