21 What is the annual carrying cost per unit?Format: 1.11The following data refer to various annual costs relating to the inventory of asingle-product company:P0.200.12Unit transportation-in on purchasesStorage per unitInsurance per unitAnnual interest foregone from alternate investment of fundsAnnual number of units required0.10P1,50010,000

Calculation: Amount (P) Storage per unit 0.12 Add: Insurance per unit…

What is the annual carrying cost per unit? * Format: 1.11 The following data refer to various annual costs relating to the inventory of a single-product company. Unit transportation-in on purchases Storage per unit Insurance per unit Annual interest foregone from alternate investment of funds Annual number of units required P0.20 0.12 0.10 P1,500 10,000

What is the annual carrying cost per unit? * Format: 1.11 The following data refer to various annual costs relating to the inventory of a single-product company. Unit transportation-in on purchases Storage per unit Insurance per unit Annual interest foregone from alternate investment of funds Annual number of units required P0.20 0.12 0.10 P1,500 10,000

SWFT Individual Income Taxes

43rd Edition

ISBN:9780357391365

Author:YOUNG

Publisher:YOUNG

Chapter18: Accounting Periods And Methods

Section: Chapter Questions

Problem 67P

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Johnson Corporation had beginning inventory of 20,000 at cost and 35,000 at retail. During the year, it made net purchases of 180,000 at cost and 322,000 at retail. Johnson nude sales of 300,000. Assuming a price index of 100 at the beginning of the year and 110 at the end of the year, compute Johnsons ending inventory at cost using the dollar-value LIFO retail method.
When the double-extension approach to the dollar-value LIFO inventory cost flow method is used, the inventory layer added in the current year is multiplied by an index number. How would the following be used in the calculation of this index number?
Calculate the cost of goods sold dollar value for B74 Company for the sale on November 20, considering the following transactions under three different cost allocation methods and using perpetual inventory updating. Provide calculations for (a) first-in, first-out (FIFO); (b) last-in, first-out (LIFO); and (c) weighted average (AVG).
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Calculate the cost of goods sold dollar value for A67 Company for the month, considering the following transactions under three different cost allocation methods and using perpetual inventory updating. Provide calculations for weighted average (AVG).
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