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Houston Company uses the perpetual inventory system has the following units and costs:
Inventory, January 1 8,000 units $11unit cost
Purchase, June 20 13,000 units $12 unit cost
Purchase, November 8 5,000 units $13 unit cost
If 9,000 units are on hand at December 31, what is the cost of the ending inventory under FIFO? What is the cost of the ending inventory under LIFO?
perdue company purchased equipment on april 1 2012 for 270000. the equipment was expected to have a useful life of
For the current year ending April 30, Hal Company expects fixed costs of $60,000, a unit variable cost of $70,
The Accounting Equation comprises 3
1. noreen company sells umbrellas that retail for 40. noreens variable costs are 40 of sales fixed costs are
The following are selected transactions of Winsky Company. Winsky prepares financial statements quarterly. Prepare journal entries for the above transactions and events
Overhead cost is applied to units based on direct labor hours. For April, total overhead cost was budgeted at $80,000 based on a denominator activity level of 20,000 direct labor hours for the month.
exercise 5-2a allocating product cost between cost of goods sold and ending inventory spice co. started the year with
the heavenly gifts company a maker of holiday novelties needs your help immediately. the companys accountant resigned
the following information for cooper enterprises is given below december 31 2013assets and obligations plan assets at
problem 6-1 bank reconciliation lo2the following information is available to assist you in preparing a bank
Chen Company's account balances at December 31, 2007 for Accounts Receivable and the Allowance for Doubtful Accounts are $320,000 debit and $600 credit. Sales during 2007 were $900,000. It is estimated that 1% of sales will be uncollectible. The a..
Compute the equivalent units of production for materials and conversion costs for the month of September: Compute the unit costs for materials and conversion costs for the month. Determine the costs to be assigned to the units transferred out and in ..
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