The following data pertain to a two-stage serial system Compute the order quantities for the retailer (r) and the warehouse (w). Given: D = 3,600 Cow Cor= 200 125 per unit C C₁ = i = 300 per unit 0.25 The following data pertain to a two-stage serial system. Compute the order quantities for the retailer (r) and the warehouse (w). D = 5,000 Cow Cor 200 Cw= 110 per unit C, 550 per unit (= 0.25
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- 49.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 FIFO perpetual? 400 419 438 480E8.12 (LO 3) (FIFO, LIFO, Average-Cost Inventory) Shania Twain Company was formed onDecember 1, 2019. The following information is available from Twain’s inventory records for Product BAP. Units Unit CostJanuary 1, 2020 (beginning inventory) 600 $ 8.00Purchases:January 5, 2020 1,200 9.00January 25, 2020 1,300 10.00February 16, 2020 800 11.00March 26, 2020 600 12.00 A physical inventory on March 31, 2020, shows 1,600 units on hand.InstructionsPrepare schedules to compute the ending inventory at March 31, 2020, under each of the following inventory methods.a. FIFO b. LIFO. c. Weighted-average (round unit costs to two decimal places)P8.6 (LO 3) (Compute FIFO, LIFO, Average-Cost—Periodic and Perpetual) Ehlo Company is a multi product firm. Presented below is information concerning one of its products, the Hawkeye.Date Transaction Quantity Price/Cost1/1 Beginning inventory 1,000 $122/4 Purchase 2,000 182/20 Sale 2,500 304/2 Purchase 3,000 2311/4 Sale 2,200 33Instructions Compute ending inventory AND cost of goods sold, assuming Ehlo uses: a. Periodic system, FIFO cost flow. b. Perpetual system, FIFO cost flow. c. Periodic system, LIFO cost flow. d. Perpetual system, LIFO cost flow. e. Periodic system, weighted-average cost flow. f. Perpetual system,…
- P8.6 (LO 3) (Compute FIFO, LIFO, Average-Cost—Periodic and Perpetual) Ehlo Company is a multi product firm. Presented below is information concerning one of its products, the Hawkeye. Date Transaction Quantity Price/Cost 1/1 Beginning inventory 1,000 $12 2/4 Purchase 2,000 18 2/20 Sale 2,500 30 4/2 Purchase 3,000 23 11/4 Sale 2,200 33 Instructions Compute ending inventory AND cost of goods sold, assuming Ehlo uses: Perpetual system, LIFO cost flow. Periodic system, weighted-average cost flow. Perpetual system, moving-average cost flow.46.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 cost of sales under the average costing periodic? (Round to 4 decimal) 1,460 1,441 1,422 1,38046. What would the amount of cost of sales be in the following scenario? Purchases returns, R8 000; Freight costs, R4 800; Sales, R320 000; Closing inventory, R25 000; Purchases, R40 000 and Opening inventory, R25 000. A. R32 000 B. R36 800 C. R40 000 D. R283 200
- 26. The following data refer to Issue Company’s ending inventory: Item code Quantity Unit Cost Unit Market Small 100 $56 $59 Medium 420 38 44 Large 600 44 42 Extra-Large 220 64 67 How much is the inventory if the lower of cost or market rule is applied to each item of inventory?31.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 unitsThe entry to record sales under Average costing perpetual would include: (Round to 4 decimal) Dr Cost of sales 1,441 Dr Inventory 400 Cr Inventory 419 Dr Cost of sales 1,42210.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) 400 419 438 480
- THRALL SUAVE Company made the following erron Denumber 31 Pox1 inventory was understated by P100,000 December 31, 20. mventory was overslated by P160.000 Purchases on account in Pox1 wewe understated by P400,000 (not included in physical no Nuvances to suppliers in 202 totalno 1*520 000 were inappropriately charged as purchas Dekabr 201 prepadansurance was overstated by P20,000 December 31, 20x1 unlesumed rent income was overstated by P104 000 December Box interest receivable was understated by 88,000 December 31, 20x2 accrued salaries payable was understated by P120,000 Ndvances from customers in 20x2 totaling 4240,000 were inappropnately recognized as Sales but the goods were delivered in 20x3 Depreciation expense in 20x1 was overstated by 128,800 lo Pox the acquisition cost of a delivery truck amounting to P360,000 was inappropriately charged as expenses . The delivery truck has a useful life of five years. THRALL'S policy is to provide a full years straight line depreciation in the…What is the unit cost of inventory transferred out from Department B? P10.20 P12.70 P 6.10 P11.10 What is the unit cost of inventory transferred out from Department C? P18.41 P18.31 P18.82 P18.3816.The following data were related to ABC Corp. COST RETAILInventory, beg 5,000 6,000Purchases 69,000 90,000Freight 6,000Purchase returns 4,000 4,800Net mark-up 8,000Sales 100,000Sales returns 12,000How much is the ending inventory at cost under the average method? (Round percentage in 5 decimal places) 24,910 11,200 8,581 6,123