Consider the following data: RECEIVED ISSUED 1-Apr| 20 units @ P 5.00 each 5-Apr 10-Apr 60 units @ P 6.00 each 30 units
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How much is the cost of issuances on April 10 using Moving Average method?
How much is the ending inventory on April 10 using Moving Average method?
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- The following data relates to component L512: Ordering costs $100 per order Inventory holding costs $8 per unit per annum Annual demand 1,225 units What is the economic order quantity (to the nearest whole unit)?The following data relates to component L512: Ordering costs $100 per order Inventory holding costs $8 per unit per annum Annual demand 1,225 units What is the economic order quantity (to the nearest whole unit)? A 175 units B 62 units C 44 units D 124 unitsThe following information is given for Gator Company, who uses the FIFO method. Item Quantity Cost NetRealizableValue ReplacementCost NRVMinusNormalProfit 1 1 $17.70 $24.60 $18.00 $17.10 2 1 10.80 8.28 9.30 5.58 3 1 72.00 64.80 67.20 57.60 4 1 4.80 3.12 2.88 2.64 5 1 12.00 12.30 12.60 11.10 6 1 48.00 45.60 38.40 40.80 Required: a. Determine the lower of cost or net realizable value for each inventory item for Gator Company. Item 1 2 3 4 5 6 b. Determine the lower of cost or net realizable value for Gator Company's inventory if the lower of cost or net realizable value rule is applied to the total inventory.$_______
- Determine the missing amounts. Unit SellingPrice Unit VariableCosts Unit ContributionMargin Contribution MarginRatio 1. $750 $375 $ (a) % (b) 2. $450 $ (c) $153 % (d) 3. $ (e) $ (f) $760 40 %Use the following date to answer the requirement of this item:Quantity (Product X) - 1,200.00Quantity (Product Y) - 1,800.00Purchase cost per unit (Product X) - 70.00Purchase cost per unit (Product Y) - 90.00Cash discount taken for both products – 10%Freight cost from supplier (Product X) 10.00Freight cost from supplier (Product Y) 30.00Estimated selling price (Product X) 120.00Estimated selling price (Product Y) 150.00Estimated selling costs (Product X) 22.00Estimated selling costs (Product Y) 35.00General and administrative (Product X) 15.00General and administrative (Product Y) 21.00Cost of goods sold per record – 385,800Inventory at year-end shall be carried atThe following information for five products (A-E) was taken from the inventory records of the Walker Company who use the FIFO method: Product A B C D E # of Units 175 200 250 200 300 Unit cost $5.50 $10.00 $5.10 $5.10 $5.00 Replacement cost per unit $6.00 $9.00 $4.60 $4.50 $4.50 Net realizable value (NRV) per unit $5.20 $12.50 $7.00 $7.00 $7.00 NRV-Normal profit per unit $4.80 $10.30 $5.25 $4.00 $4.80 Required:Determine the valuation of the inventory at the lower of cost or market applied to: a. Individual items $ b. The inventory as a whole $
- 10.The following data were available for Product Z at Mar 31, 20X1:Beg inventory 50 units @ 12Purchases:Mar 2 60 units @ 11Mar 17 60 units @ 10Sales: Mar 5 80 unitsMar 20 50 unitsHow much is the ending inventory under Average costing perpetual? (Round to 4 decimal) 400 419 438 480According to the information given in the table below, which of the following is Cost of Goods Sold? Cost of Production 444000 Opening stock of WIP 48000 Opening stock of FG 38000 Closing stock of WIP 18000 Closing stock of FG 1500 units Total production units 15800 Select one: a. 445600 b. 487000 c. 467000 d. 419200In regard to the COGS for Years 2 - 19,000 units x 51.94 + 80,000 x 52.71 = 5,203,660 and Year 3 - 5000 units x 52.71 + 77,000 x 52.55 = 4,309,900 How do you determine how to split out both years from the original sum Y2 - 99,000 (19,000 + 80,000) Y3 - 82,000 (5000 + 77,000)
- The products of ABC can be grouped into two major categories: products A1 and A2 are in Category A, while products B1 and B2 are in category B. Assume the following information regarding ABC's inventories for year 2021: Product A1 Transaction Number of Units Unit Cost Unit Price Beginning inventory 400 €5 Purchase No. 1 400 €5 Sale No.1 600 €10 Sale No.2 100 €12 Purchase No. 2 1,000 €7 Sale No.3 700 €10 Purchase No. 3 1,000 €7 Sale No.4 600 €15 Sale No.5 600 €15 Purchase No. 4 1,200 €9 Selling price as at December 31, 2021 €14 Product A2 Transaction Beginning inventory Number of Units 500 Unit Cost €8 Unit Price Sale No.1 400 €12 Purchase No. 1 600 €8 Purchase No. 2 500 €7 Sale No.2 650 €12 Purchase No. 3 150 €9 Purchase No. 4 200 €8 Selling priceas at December 31, €11 2021…QUESTIONS FOURThe following information was provided by Dzemkple Limited for the two weeks month ofAugust, 2018 for material ZorklaleyStock on 01/08/2018 100 units @ GHc 5 per unitDATE PURCHASES DATE ISSUES05/08/2018 300 units @ GHc 6 per unit 06/08/2018 250 units08/08/2018 500 units @ GHc 7 per unit 10/08/2018 400 units12/08/2018 600 units @ GHc 8 per unit 14/08/2018 500 unitsYou are required to calculate using FIFO and Weighted Average methods of pricing issues:(a) The value of materials consumed during the period(b) The value of stock of materials on the 31/08/2018Wilkenson Inc. has the following information available for November: Date units cost per unit total cost Nov 1 beginning inventory 70 $50 3500 Nov 5 purchase 30 $60 1800 Nov 14 sale (60) Nov 25 purchase 60 $52 3120 Nov 30 sale (80) total 20 62 8420 Compute the cost of goods sold and the cost of ending inventory, respectively, assuming the perpetual weighted-average method.