Business, 18.06.2020 01:57 angie7665

During 2021, a company sells 23 units of inventory. The company has the following inventory purchase transactions for 2021: Number Unit Total of Units Transaction Date Cost Cost Jan. 1 Beginning inventory Sep. 8 Purchase $58 $ 14 812 16 66 960 $1,772 30 Calculate ending inventory and cost of goods sold for 2021 assuming the company uses FIFO. Ending inventory Cost of goods sold During 2021, a company sells 22 units of inventory. The company has the following inventory purchase transactions for 2021 Number of Units Unit Total Transaction Cost Cost Date $58 Jan. 1 Beginning inventory Sep. 8 $1,102 19 60 10 600 se $1,702 29 Calculate ending inventory and cost of goods sold for 2021 assuming the company uses LIFO. Ending inventory Cost of goods sold During 2021, a company sells 20 units of inventory. The company has the following inventory purchase transactions for 2021 Number of Units Unit Total Transaction Date Cost Cost $ 750 1,260 $ 50 Jan. 1 Beginning inventory Sep. 8 Purchase 15 10 126 $2,010 25 Calculate ending inventory and cost of goods sold for 2021 assuming the company uses the weighted-average cost method. (Round weighted-average unit cost to 4 decimal places. Round your final answers to the nearest dollar amount.) Ending inventory Cost of goods sold

Answers: 1

Show answers

Other questions on the subject: Business

Business, 21.06.2019 20:40, ernie27

Which of the following actions is most likely to result in a decrease in the money supply? a. the discount rate on overnight loans is lowered. b. the government sells a new batch of treasury bonds. c. the federal reserve bank buys treasury bonds. d. the required reserve ratio for banks is decreased. 2b2t

Answers: 2

continue

Business, 21.06.2019 21:00, wesleygrimes0

You have just been hired as a financial analyst for barrington industries. unfortunately, company headquarters (where all of the firm's records are kept) has been destroyed by fire. so, your first job will be to recreate the firm's cash flow statement for the year just ended. the firm had $100,000 in the bank at the end of the prior year, and its working capital accounts except cash remained constant during the year. it earned $5 million in net income during the year but paid $800,000 in dividends to common shareholders. throughout the year, the firm purchased $5.5 million of machinery that was needed for a new project. you have just spoken to the firm's accountants and learned that annual depreciation expense for the year is $450,000; however, the purchase price for the machinery represents additions to property, plant, and equipment before depreciation. finally, you have determined that the only financing done by the firm was to issue long-term debt of $1 million at a 6% interest rate. what was the firm's end- of-year cash balance? recreate the firm's cash flow statement to arrive at your answer

Answers: 1

continue

Business, 22.06.2019 05:50, marjae188jackson

Acompany that makes shopping carts for supermarkets and other stores recently purchased some new equipment that reduces the labor content of the jobs needed to produce the shopping carts. prior to buying the new equipment, the company used 6 workers, who produced an average of 79 carts per hour. workers receive $16 per hour, and machine coast was $49 per hour. with the new equipment, it was possible to transfer one of the workers to another department, and equipment cost increased by $11 per hour while output increased by four carts per hour. a) compute the multifactor productivity (mfp) (labor plus equipment) under the prior to buying the new equipment. the mfp (carts/$) = (round to 4 decimal places). b) compute the productivity changes between the prior to and after buying the new equipment. the productivity growth = % (round to 2 decimal places)

Answers: 3

continue

Business, 22.06.2019 14:10, gia2038

Carey company is borrowing $225,000 for one year at 9.5 percent from second intrastate bank. the bank requires a 15 percent compensating balance. the principal refers to funds the firm can effectively utilize (amount borrowed − compensating balance). a. what is the effective rate of interest? (use a 360-day year. input your answer as a percent rounded to 2 decimal places.) b. what would the effective rate be if carey were required to make 12 equal monthly payments to retire the loan?

Answers: 1

continue

You know the right answer?

During 2021, a company sells 23 units of inventory. The company has the following inventory purchase...