The following items are related to the inventory (OMR). 1- Purchase price 18000 2- Abnormal waste 150 3- Fright in 100 4- Rent of store 150 5- Overhead 400 (40% related to manufacturing and 60% related to administration) 6- foreign currency profit 50 Net realizable value of Inventory is 18000 OMR What is the value of write-down of inventory?

Q: Kaasiam Company uses cost method in determining its ending inventory. Assume the beginning inventory…

A:

Q: APOL Company provided the following information related to the ending inventory of its Product X:…

A: Inventory to be reported in the Statement of financial position = Lower of cost and Net realizable…

Q: The Vogelson Company accumulates the following cost and net realizable value data at December 31.…

A: Inventories should be valued at cost or net realizable value whichever is lower. The cost or Net…

Q: APOL Company provided the following information related to the ending inventory of its Product X:…

A: Inventory to be reported in the Statement of financial position = Lower of cost and Net realizable…

Q: Presented below is information related to Manama Company Cost $550,000 2,100,000 Retail $600,000…

A:

Q: Assuming that net purchases cost R250 000 during the year. The closing inventory was of R4 000, and…

A: Answer purchases cost =  R250 000 closing inventory = R4 000 Opening  inventory = R30,000

Q: 1- Hani has an inventory at 1/1/2020 of €60,000 and purchases during 2020 of €280,000, both at cost…

A: Opeining inventory + purchase = Cost of Sales + Closing inventory

Q: Given the following data for Al-Madar co. for 2021: Inventory at Cost (31/12/2021) 22000 Inventory…

A: Cost of goods sold means the cost incurred on the goods which has been sold out. This figure can be…

Q: Anna Company included the following items in its ending inventory: Merchandise out on consignment,…

A: Solution: Amount by which ending inventory should be reduced = Goods held on consignment by Anna…

Q: Jane Company used the retail inventory method to estimate inventory at year end.     Cost Retail…

A: Under the conservative retail method Goods available for Sale- Retail = Beginning Inventory +…

Q: . Cost of goods sold is P7,400. Beginning inventory is P3,500 and ending 1. inventory is P4,000. If…

A: The cost of goods sold can be calculated by adding up net purchase and freight and deducting closing…

Q: Serendipity Company uses the first-in, first-out retail method of inventory valuation. The following…

A: The FIFO stands for First in First out. Under this method, goods Purchased first are to be sold…

Q: Wildhorse Inc. uses the conventional retail method to determine its ending inventory at cost. Assume…

A: The ending inventory is the inventory in hand with the business.

Q: If the company had used the FIFO inventory costing method, cost of goods sold under FIFO would have…

A: Inventory Valuation Methods are methods of valuation of inventory. There are three methods of…

Q: unland Inc. uses the conventional retail method to determine its ending inventory at cost. Assume…

A: ending inventory value at cost=ending inventory retail*cost to retail ratio

Q: APOL Company provided the following information related to the ending inventory of its Product X:…

A: Inventory to be reported in the Statement of financial position = Lower of cost and Net realizable…

Q: Given the following:   Numberpurchased Costper unit Total January 1 inventory 40 $4 $160…

A: Finished goods inventory: These inventories are completely ready for sale after the completion of…

Q: Bouquet Company used the conventional retail inventory method to account for inventory.     Cost…

A: Cost of Sales: The direct costs associated with the manufacturing of goods/services sold to your…

Q: Ivanhoe uses the conventional retail method to determine its ending inventory at cost. Assume the…

A: Cost-to-Retail percentage = Goods available for sale at cost / Goods available for sale at Retail =…

Q: Given the following:   Numberpurchased Costper unit Total January 1 inventory 40 $4 $160…

A: Given information Date units per unit cost Amount ($) 1-Jan 40 $4 $160 1-Apr 60 $7 $420…

Q: Mic Drop Company uses the first-in, first-out retail method of inventory valuation. The following…

A: Answer B  P220,000

Q: Which of the following journal entries would be recorded when the inventory with cost of 33.000 TL…

A: The answer for the multiple choice question and relevant explanation are presented hereunder :

Q: # of Units Unit Cost Total Cost Jan 1 Beginning Inventory 09 009$ 066$ $1,300 Jan 12 Purchase $11 06…

A: Inventory valuation is based on the flow of exemption used by the company. There are many methods…

Q: Strand Retail Corp had the following info: Beg Inventory 2,500 units @ $40/each Purchased 4,000…

A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: Given the following: Number purchased Cost per unit Total January 1 inventory 39 $…

A:

Q: The GMA corporation shows the following data related to an item of Inventory Inventory, January 1…

A: FIFO: FIFO stands for First-In, First-Out.  In this method inventory purchased first will be sell…

Q: Generally, ending inventory is required to be recorded under perpetual inventory system. O True O…

A: Solution 1: False. This is because ending inventory can be recorded under both periodic or perpetual…

Q: Complete the following table using the perpetual FIFO method of inventory flow. Cost of Goods Sold…

A: The FIFO method stands for first in first out, where older inventory is sold first. Under perpetual…

Q: On balance day, a physical inventory count and cost was $10,250, and the market value of inventory…

A: Note: As per relevant Standard, inventory is valued at lower of cost or Net relizable value. where,…

Q: Given the following information, how much is the Inventory, beginning? Inventory end. P162,000 Net…

A: Cost of goods sold (COGS) : Cost of goods sold budget shows the expenses incurred for producing a…

Q: Presented below is information related to Manama Company. Cost Retail Beginning inventory Purchases…

A: The conventional retail inventory method is an inventory valuation method that is put to use by…

Q: Given the following, calculate the estimated cost of ending inventory using the gross profit method.…

A: Ending inventory = Cost of goods available for sale - Cost of goods sold Cost of goods sold = Sales…

Q: The following information relates to a company's year-end inventory: Cost of inventory OMR 1880;…

A: Cost of Inventory = OMR1,880 Selling Price = OMR 2,000  Normal Profit margin = 10% of selling price…

Q: Ivanhoe uses the conventional retail method to determine its ending inventory at cost. Assume the…

A: Cost-to-Retail percentage = Goods available for sale at cost / Goods available for sale at retail…

Q: Serendipity Company uses the first-in, first-out retail method of inventory valuation. The following…

A: There are different method which are applicable to Calculation of Ending inventory cost by using…

Q: what were purchase returns and allowances? Cost of goods sold is P7,400, Beginning inventory is…

A: Hi student Since there are multiple questions, we will answer only first question.

Q: Coleman Company has provided the following information: beginning inventory, $100,000; cost of goods…

A: Formula: Ending inventory= beginning inventory + Purchases - cost of goods sold

Q: Bouquet Company used the conventldhU method to account for inventory. nventory Cost Retail 9,200,000…

A: Cost of goods sold refers to the total cost of goods that are manufactured and sold. It includes the…

Q: Based upon the following data, estimate the cost of ending inventory using the gross profit method.…

A: Cost of goods sold=Sale×100-Gross profit rate=$894,000×100-39%=$545,340

Q: Bramble Corp. has the following data related to an item of inventory: Inventory, March 1 440 units @…

A: First In, First Out (FIFO) is part of an accounting method where goods which are acquired first are…

Q: If the purchases total P240,000 and the ending inventory is bigger than the beginning inventory by…

A: Cost of goods sold  = opening stock  + purchases  - closing stock

Q: What is the cost of ending inventory? TONETTE Company uses the FIFO approach in estimating its…

A: The ending inventory is calculated as cost of goods available for sale minus cost of goods sold.…

Q: Given the following, calculate the estimated cost of ending inventory using the gross profit method.…

A:

Q: Given the following: Number Cost purchased Total per unit $ 3 $ 105 January 1 inventory April 1 June…

A: Under FIFO method, it is assumed that first units comes in are the first unit goes out. So the…

Q: Sunland uses the conventional retail method to determine its ending inventory at cost. Assume the…

A: Ending inventory is the value which is recorded at the end of accounting period in the financial…

Q: What is the lower-of-cost-or-net realizable value of the inventory?

A: Inventory refers to all items of goods, merchandise, and materials held by a company or business for…

Loanable Funds Theory

The loanable funds theory is a neoclassical theory that determines the interest rate where the demand for loanable investments and supply of loanable funds intersect. To determine the interest rate, this theory employs linear regression and a demand curve. At the equilibrium point, demand for borrowings and demand for the issuance of borrowing funds are inextricably linked. This point of equilibrium should equalize demand and the supply of money available for borrowing.