A company had the following purchases and sales during its first year of operations: Purchases Sales January: 10 units at $120 6 units February: 20 units at $125 5 units May: 15 units at $130 9 units September: 12 units at $135 8 units November: 10 units at $140 13 units On December 31, there were 26 units remaining in ending inventory. Using the Perpetual FIFO inventory valuation method, what is the cost of the ending inventory

Answers

Answer 1

Answer:

$3540.

Explanation:

FIFO means first in, first out. It means that it is the first purchased inventory that is the first to be sold

Ending inventory comprises of goods bought in May, September and November

cost of the ending inventory :

(4 x $130) + (12 x $135) + (10 x$140) = $3540


Related Questions

My father told me "Do your homework" change this sentence to indirect speech(reported speech).​

Answers

Answer:

get your homework done

Explanation:

hope that will help

The demand and supply curves show how buyers and sellers ________; the interaction of buyers and sellers ________. compete against each other; shows that there is no winner respond to prices; determines the price compete against each other; determines the winner determine the price; shows how they respond to prices

Answers

Answer:

The correct answer is the second option: respond to prices; determines the price.

So the final statement will be:

The demand and supply curves show how buyers and sellers respond to prices; the interaction of buyers and sellers determines the price.

Explanation:

To begin with, in the microeconomics theory both the demand and supply curves are economic functions that are represented in the graphic in order to give a better understanding of what is going on in the reality of the economy out there. So that means that they are both determine by the quantity demanded or supplied and the price, the relation between those two components. And regarding that, they both will show how the buyers and sellers respond to prices. Moreover, their interaction will determine the price as explained before.

Which controls almost all of the media industry?


a few large companies


government agencies


small broadcasters


innovative entrepreneurs

Answers

A few large companies

Ware Manufacturing Company produced 2,000 units of inventory in January 2018. It expects to produce an additional 14,000 units during the remaining 11 months of the year. In other words, total production for 2018 is estimated to be 16,000 units. Direct materials and direct labor costs are $64 and $52 per unit, respectively. Ware expects to incur the following manufacturing overhead costs during the 2018 accounting period:
Production supplies $ 20,000
Supervisor salary 160,000
Depreciation on equipment 75,000
Utilities 20,000
Rental fee on manufacturing facilities 45,000
Required
a. Combine the individual overhead costs into a cost pool and calculate a predetermined overhead rate assuming the cost driver is number of units
b. Determine the cost of the 2,000 units of product made in January Complete this question by entering your answers in the tabs below.
Required A Required B
Combine the individual overhead costs into a cost pool and calculate a predetermined overhead rate assuming the cost driver is number of units Predetermined overhead rate per unit < Required A Required B >

Answers

Answer:

Total production cost= $266,380

Explanation:

First, we need to calculate the total estimated overhead costs:

total estimated overhead costs= 20,000 + 160,000 + 75,000 + 20,000

total estimated overhead costs= $275,000

To calculate the predetermined manufacturing overhead rate we need to use the following formula:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 275,000 / 16,000

Predetermined manufacturing overhead rate= $17.19 per unit

Finally, we can calculate the total production cost of the 2,000 units made in January:

Total production cost= total unitary cost*number of units

Total production cost= (64 + 52 + 17.19) * 2,000

Total production cost= $266,380

***I WILL GIVE BRAINLIEST*****
Jose can't wait to buy his first car next month. He imagines that he will make several new friends at school since everyone will want to ride in his car. He is even having a hard time concentrating on filling orders at the restaurant where he works. Does Jose's thinking have an ethical component? Who is most affected by Jose's conduct? *

Answers

Answer:

His thinking does NOT have a ethical componet.

HISELF is most affected by his conduct.

Answer:

C

Explanation:

im him

Your firm has been working on an advanced technology. This technology will be available in the near term. The firm anticipates the first annual cash flow from the technology to be $158,335, received three years from today. Subsequent annual cash flows will grow at 2.24% in perpetuity. What is the present value of the technology if the discount rate is 10.02%

Answers

Answer:

$908,551

Explanation:

Present value of the technology = First annual cash flow/(Discount rate-Growth rate))/Growth

Present value of the technology = ($158,335/(10.02%-2.24%))/2.24= $2,500,000

Present value of the technology = ($158,335/7.78%)/2.24

Present value of the technology = $2035154.241645244 / 2.24

Present value of the technology = $908551.000734483

Present value of the technology = $908,551

Stockton Company Adjusted Trial Balance December 31 Cash 6,102 Accounts Receivable 2,938 Prepaid Expenses 703 Equipment 15,970 Accumulated Depreciation 6,337 Accounts Payable 1,719 Notes Payable 4,543 Common Stock 1,000 Retained Earnings 10,872 Dividends 916 Fees Earned 6,176 Wages Expense 2,514 Rent Expense 761 Utilities Expense 459 Depreciation Expense 233 Miscellaneous Expense 51 Totals 30,647 30,647 Determine the retained earnings ending balance.

Answers

Answer:

Stockton Company

The retained earnings ending balance is:

= $12,114.

Explanation:

a) Data and Calculations:

Stockton Company

Adjusted Trial Balance December 31

Cash                                6,102

Accounts Receivable    2,938

Prepaid Expenses            703

Equipment                   15,970

Accumulated Depreciation      6,337

Accounts Payable                      1,719

Notes Payable                          4,543

Common Stock                        1,000

Retained Earnings                  10,872

Dividends                      916

Fees Earned                            6,176

Wages Expense        2,514

Rent Expense               761

Utilities Expense          459

Depreciation Expense 233

Miscellaneous Expense 51

Totals                      30,647 30,647

Income Statement for the year:

Fees Earned                          $6,176

Wages Expense        2,514

Rent Expense               761

Utilities Expense          459

Depreciation Expense 233

Miscellaneous Expense 51     4,018

Net Income                           $2,158

Statement of Retained Earnings for the year:

Net Income                           $2,158

Retained Earnings                10,872

Dividends                                 (916)

Retained Earnings, ending $12,114

You want to be able to withdraw $800 from a savings account at the end of year 1, $900 at the end of year 2, $1,000 at the end of year 3, and so on over a total of 5 years. How much money must be on deposit right now, at the end of year 0, to just deplete the account after the 5 withdrawals if interest is 5% compounded annually

Answers

That answer is $1300

Please help meeeeeee
What types of home products are manufactured in your locality? Write with examples..

Answers

Answer:

•product adjustment/modification

•product positioning and repositioning

•product line extensions

•product line breadth

•product line depth

•product line in services

An electronics manufacturer in Japan creates a strategic partnership with a
large retailer in the United States. They both invest funds into the partnership
and share in the control of the distribution and resources. The Japanese
company gets a tax advantage because of this partnership, and the U.S.
company gets an advantage because of the exclusivity agreement to carry
these electronic products. Which type of global entry strategy does this
example highlight?

Answers

Answer:

Creating a joint venture.

Explanation:

A foreign direct investment (FDI) can be defined as an investment made by an individual or business entity (investor) into an investment market (industry) located in another country. The investor here, shares a different country of origin from the country where his investment is located. In a foreign direct investment (FDI), an investor must establish his business, factory and operations in a foreign country or acquire assets in a business that is being operated in a foreign country.

Additionally, foreign direct investment (FDI) are categorized into three (3) main types and these are;

1. Vertical FDI: it involves establishing a different business that is however similar to the main business owned by the investor.

2. Horizontal FDI: it involves establishing the same type of business in a foreign country as owned in the investor's country.

3. Conglomerate FDI: it involves establishing a business that is completely different in another (foreign) country.

A joint venture can be defined as a type of business partnership which typically involves making direct investment in a foreign country with a domestic partner. It is typically established or initiated by two or more people on mutual grounds to make profits and sharing costs.

In this scenario, an electronics manufacturer in Japan creates a strategic partnership with a

large retailer in the United States.

Thus, the type of global entry strategy which this example highlight is creating a joint venture.

Many businesses will set the ________

through their organizational leadership.


A. Human resource policies

B. Company policies

C. Morality procedures

D. Ethical Tone

Answers

Answer:

D. Ethical Tone

Explanation:

Ethical tone can be regarded as mood as well as tenor that is been set by leaders about right and wrong choices or between admirable not admirable forms of behaviour in an organization. It should be noted that Many businesses will set the Ethical Tone through their organizational leadership.

what are the functions of business.

A) employee staff support personnel and logistics.
B) employment accounting marketing and management.
C) logistics social media the Internet and staffing.
D) production accounting and finance management administration human resources and sales and marketing.

Answers

The most likely answer is option D

On January 1, 2021, Tennessee Harvester Corporation issued debenture bonds that pay interest semiannually on June 30 and December 31. Portions of the bond amortization schedule appear below: Payment Cash Payment Effective Interest Increase in Balance Outstanding Balance 6,286,574 1 370,000 377,194 7,194 6,293,768 2 370,000 377,626 7,626 6,301,394 3 370,000 378,084 8,084 6,309,478 4 370,000 378,569 8,569 6,318,047 5 370,000 379,083 9,083 6,327,130 6 370,000 379,628 9,628 6,336,758 ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ 38 370,000 432,132 62,132 7,264,327 39 370,000 435,860 65,860 7,330,187 40 370,000 439,813 69,813 7,400,000 Required: 1. What is the face amount of the bonds

Answers

Answer:

The face amount of the bonds is $7,400,000

Explanation:

The face value or amount of the bonds is the amount that is repaid to the bondholder at the end of the maturity period.  The face amount is usually stated on the bond certificate when issued, and the issuer of the bonds is expected to pay this amount at maturity.  The amortization schedule of the bonds shows how the interest expense and payments are made and the amortization of either premiums or discounts on the bonds.  It helps the issuer to account for the instrument over the maturity period.

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