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A company purchases inventory during the year in four batches, with unit and price amounts shown below: Batch 1 – 9,500 units @ $2.10 per unit Batch 2 – 4,300 units @ $2.08 per unit Batch 3 – 3,600 units @ $2.04 per unit Batch 4 – 7,200 units @ $2.01 per unit 10,800 units were sold after Batch 2 was purchased, while 3,400 units were sold after Batch 3 was purchased. Required: -1. Calculate cost of goods sold and ending inventory under the LIFO method, using the perpetual inventory system. -2. Calculate cost of goods sold and ending inventory under the LIFO method, using the periodic inventory system.
Mixed cost at different levels of activity - Calculate the total monthly cost of the sales representative's salary for each of the following months.
Should the company accept special order and why - For this particular order, no variable selling and administrative costs would be incurred. This order would also have no effect on fixed costs.
Which of the following is an example of a performance measure of the customer perspective that would be found in a balanced scorecard?
In an irrigation district in the west, an irrigator can purchase an extra share (allotment) which entitles the holder to a 0.7 acre-foot of water per year in perpetuity. If the share costs $1600, what is the cost of one acre-foot of water to the ..
Explain the fact situation and explain what Mexican Spices wants to do and how you think the cousins are entitled to act, within the scope of the law
. tentative lease terms for payments of $500,00 at the end of each year. the salvage value for the computer is $300,000. What are the NAL and the IRR of the lease? Interprete each value
Variance between budget projections and budget performance is inevitable. Elucidate whether or not a proactive application of cost measurement and corrective actions are a realistic approach to minimize variance.
calculation of ending cost of inventory.the company has an offer from a wholesaler to purchase the part for 31 per
In September direct labor was 25% of conversion cost. If the manufacturing overhead for the month was $125,250 and the direct material cost was $27,000, the direct labor cost was:
Undersymington Company has an opportunity to invest in a machine that would cost $28,000, and that would produce cost savings of $8,000 each year for the next five years. The machine has zero salvage value. What is the internal rate of return?
The lower-of-cost-or-market rule can be applied to
Using the Excel template in the Financial Ratios lesson page, compute the following financial ratios of Bank of America for the year 2013.
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