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Credit Card Company had the following inventory data for the current month.
Beg inventory + 10 units @ $50. = $500
1st purchase = 30 units @ 60 = $1,800
2nd purchase = 25 units @ 65 -$1,625
Total units = 65 Total cost = $3,925
At the end of the month, there were 15 units on hand.
Compute cost of goods sold and ending inventory for each of the following methods.
a. Average cost
b. First in-First out(FIFO)
c. Last in - First out(LIFO)
Evaluate the basic and diluted consolidated EPS for the year ended 31 st December, 2014. Use quarterly share averaging.
The division is dropped, the staff will be laid-off, with the exception of one person who will be assigned to another job. Her salary is $45,000. Should the division be dropped?
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Suppose that joint -product costs are allocated using the net realizable value method, what were the net costs of product Y?
Describe key issues of the case as they relate to Mr. Friehling's actions, or inactions, in relation to the AICPA's Code of Professional Conduct. Identify as well as describe the issues and provide examples to clarify and amplify your discussion. ..
Consider that SnowCastles has found ways to cut its fixed costs to $31 million. Evaluates its new target variable cost per skier/snowboarder? Compare this to the present variable cost per skier-snowboarder.
Journalize the required adjusting entries for Drake at the end of 2013.
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All operating costs are variable as a percentage of total sales.
Create the operating activities section of the company's statement of cash flows, considering use of: Prepare the financing and investing activities sections of the statement of cash flows.
What kind of transaction is a service revenue earned on account
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