Goods in 100 cases to be exported, price is $4000 FOB port, Basic freight rate: $26 per freight ton or 1.5% A.V. W/M or Ad Val, Measurement: 1.4mX 1.3m x 1.1m Gross weight: 2 ton per case Bunker Surcharge rate: 10% What is the freight?
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- The Oman company exported 200 gauge wires. The cost per unit OMR 140. What is the entry of cost of goods sold?Select one:a.Cost of goods sold Dr14,000Inventory Cr14,000b.Cost of goods sold Dr140Inventory Cr140c.Cost of goods sold Dr28,000Inventory Cr28,000d.Inventory Dr28,000Cost of goods sold Cr29.ABC Corp bought goods for P25000. Terms : 2%, 3% 2/10, n/30 FOB Shipping point Freight Prepaid. Freight related to the purchase was P1,000. How much is the accounts payable under the gross method? 22,290 22,765 24,290 24,7656.Arko Manufacturing Co. purchased 10,500 lbs. of materials XY at P2 per lb. and incurred freight cost of P1,050. A cash discount of 2% is granted on payments within ten days. Freight in is treated as additional cost of materials purchased. What unit cost must be entered on the stock card for material XY assuming that the allowance method is used in accounting for discounts? P2.06 P1.96 P2.00 P2.058
- 1) Merchandise acquired cost is 114.000 +10 % VAT .Freight In was 6.000 TL+10% VAT Paid by the vendor. Purchase is completed by endorsing a check.Holdaway's cost of goods sold for the year isa. 257,000 b. 260,500 c. 261,000 d. 269,500Opening stock of Raw material is 280000 OMR ,Freight Inwards 3000 OMR, custom duty on purchases 2000 OMR, Purchases of Raw material 930000 OMR, Purchase returns is 1000 OMR and Closing stock of Raw material is 28000 OMR, Calculate Raw material consumed Select one: a. 1,059,000 OMR b. 984,000 OMR c. 1,186,000 OMR d. 750,000 OMR
- The following applied to Kate Company for the current year: Merchandise purchased for resale P5,000,000 Freight in 300,000 Freight out 100,000 Purchase return 50,000 Kate’s inventoriable cost was? Choices: P5,250,000 P5,000,000 P5,350,000 P5,300,000Beg Inv @ cost $11,160 Net Additional markups $600 Sales $94,056 Purchases @ retail $92,400 Freight-in $840 Beg Inv @ retail $18,000 Purchases @ cost $54,600 Net markdowns $1,144 3. What value is the cost ratio? (use 3 decimal places) Thank you Brendaening stock of Raw material is 160000 OMR, Freight Inwards 10000 OMR, Purchases of Raw material 500000 OMR, Purchase returns is 2000 OMR and Closing stock of Raw material is 8000 OMR, Direct Wages is 175,000 OMR direct Expenses is 15000 OMR . Calculate Prime cost. Select one: a. 850,000 OMR b. 870,000 OMR c. None of these d. 860,000 OMR
- 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 unitsIf Finished Goods Turnover is 5 , average Trade Receivables is 100.000, average Finished Goods is 80.000 a) Cost of the goods sold 500.000 ₺b) Net Sales is 500.000₺c) Cost of the goods sold 400.000₺d) Net Sales 400.000₺The following relates to a single sale of goods made by Spurs in 2023: Selling price P500,000Freight costs 5,000Terms 3/15, n/30Shipping Date December 28, 2023Date goods received by the customer January 3, 2024Date payment is received by Spurs January 5, 2024 Question:12. If the term is FOB destination, freight prepaid, how much net cash dis Spurs receive on January 5, 2024? a. P480,000b. P485,000c. P490,000d. P495,000