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Mercedes Brown starts a merchandising business on December 1 and enters into three inventory purchases: December 7 10 units @ $ 9 cost December 14 20 units @ $10 cost December 21 15 units @ $12 cost Mercedes sells 18 units for $35 each on December 15. Seven of the sold units are from the December 7 purchase and eleven are from the December 14 purchase. Mercedes uses a perpetual inventory system. Determine the costs assigned to the December 31 ending inventory when costs are assigned based on (a) weighted average, and (b) specific identification.
a machine costs 180000 and is expected to yield an after-tax net income of 10800 each year. management estimates the
Compute the net present value for each alternative and determine which alternative is more desirable using the net value criterion. Compute the profitability index for each alternative and determine which alternative is more desirable using the p..
Prepare a schedule of completed jobs on hand as of April 30, 2010. What account does this schedule support?
sally can work up to 3120 hours each year a busy social life and sleep take up the remaining time. she earns a fixed
classification at costs merchandising sector home entertainment center hec operates a large store in san francisco. the
Duffy Corporation hasprepared the following sales budget: Month. Prepare a schedule of cash collections for July through September.
derek purchases a small business from arton september 1 2008. he paid the following amounts for the business.fixed
Paid utilites using the folloing column headings, identify the accounts involved and indicate the net effect of each transaction of on the accounting equations.
Compute the variable cost per unit. Compute how many CDs Spears Music will have to sell in order to break even. Compute how many CDs Spears Music will have to sell in order to make a target net income of $16,200.
manufacturing cost data for orlando company which uses a job order cost system are presented below.indicate the missing
during july neptune company had actual sales of 144000 with a volume of 64000 units compared to budgeted sales of
frank greta and helen each have a one-third interest in the fgh partnership. on december 31 2012 the partnership
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