Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - Papier Mache Corp. uses the periodic inventory system, and implements LIFO. On March 1, it had a beginning inventory of 700 reams of paper at a cost of $10 per ream.
During the month, it made the following purchases of paper:
During the month, all of its sales were made to the Stan Still Stationery Store (which was fully paid for), as follows:
Questions:
1. For the month of March, what is Papier Mache Corp.'s dollar value of cost of goods sold and ending inventory it would report on its financial statements? Round your answers to the nearest dollar.
2. On April 1, the Stan Still Stationery Store (not Papier Mache Corp.) sells 625 reams of paper at $42 per ream to its customer. Assuming it has no other inventory other than the paper purchased from Papier Mache Corp., and it uses the average cost method, what is its cost of goods sold and gross profit it would report for this sale? Round the average cost per ream to the nearest cent.
Compute the equivalent units for materials and conversion costs for the month of October using the FIFO method
Sino-woodworks Ethiopia Ltd makes office furniture from fine hardwoods. The company uses a job-order costing system and predetermined overhead rates to apply.
Another company's check was deducted from your company's June bank statement,$500, Bank service charge, $25 What was the bank statement balance on June 30, 20x3?
A check of $70, which was previously deposited, was returned by the bank plus a $10 service charge. Determine the true cash balance for Ana's checking account
Accumulated Depreciation $224,260. How do you Use this information to prepare the Balance Sheet for the fiscal year
Prepare an income statements for september,a retained earnings statements for september,and a balance sheet at september 30.
On August 15, 2014, Cubs Corp. purchases 5,000 shares of common stock in Sox Inc. at a market price of $15 per share. In addition, Cubs pays brokerage fees of $1,000. On October 20, 2014, Cubs sells the Sox stock for $10 per share.
A department store has budgeted sales of 11,000 men's suits in March. What is the dollar amount of purchase of suits? Each suit has a cost of $80
Compute the price and quantity variances for Direct Material. Compute the variable overhead rate and efficiency variances. Input all amounts as positive values.
\The bonds were quoted at 94 and pay interest quarterly on September 30th and December 31st. What were the total proceeds of the bond issue at the time of sale?
The company has a reportable segment if that segment's revenue exceeds what amount and what is the total amount of expense relating to these three items that should be reported?
Obsolescence is an example of which cost category?
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd