For example, the employee may receive payment for 12 days during one pay period and 13 days the next. To allow enough time for payroll processing, the pay period ending date for a semimonthly hourly payroll may be earlier than for a biweekly hourly payroll.
SDG&E customers also receive a rebate for recycling old working freezers, refrigerators and room air conditioners. Nevertheless, the cost for electricity can be rather high and runs around $75.00, on average, per month for the entire year.
The total of all purchased or beginning inventory units is 450 (150 beginning inventory + 300 purchased). The weighted average cost per unit is therefore $257.78 ($116,000 Ã· 450 units.). The ending inventory valuation is $45,112 (175 units Ã $257.78 weighted average cost), while the cost of goods sold valuation is $70,890 (275 units Ã $257.78 weighted average cost). The sum of these two amounts (less a rounding error) equals the $116,000 total actual cost of all purchases and beginning inventory.