Answer:
Sackett’s ending inventory is $16000
Explanation:
given data
Units Unit Price
September 4,000 $2.00
October 4,000 $2.10
December 2,000 $2.30
to find out
FIFO method what is Sackett’s ending inventory
solution
we know here that unit sold = 16000 units
available for sale = 22000
so ending inventory = 22000 - 16000
ending inventory = $6000
so
unit included 6000 is latest purchase are
so November purchase 5000 @ 2.7 is = $13500
and June purchase 1000 @ 2.5 is = $2500
so total will be = $13500 + $2500
total = $16000
Answer:
Analyze the risk
Explanation:
Risk management project risk has the following steps to minimize the risks -
a) Identifying the risks;
b) Analyzing the risks;
c) Evaluating the risks;
d) Treating the risks;
e) Monitoring and reviewing the risks.
Therefore, after identifying the risks, project managers analyze the risk to reduce the risks of the project. Analyzing the risks include recognizing the nature of the risk and difficulties faced by the risk to perform the project.
Answer:
The ending inventory value at cost is ($100,000)
Explanation:
To calculate the cost of ending inventory using the retail inventory method, we need to know:
- The cost-to-retail percentage = COGS/ sales during current year = (sales – net markup)/sales = ($2,500,000-$200,000)/$2,500,000 = 92%
- The cost of goods available for sale= Cost of beginning inventory + Cost of purchases = $200,000 + $2,000,000 = $2,200,000
- The cost of sales during the period = Sales × cost-to-retail percentage = $2,500,000 x 92% = $2,300,000
- The ending inventory = Cost of goods available for sale - Cost of sales during the period = $2,200,000 - $2,300,000 = ($100,000)
Answer:
<u>less profit per unit</u>
Explanation:
- If a customer normally orders 1,000 units, then total profit = $100-$60 * 1000 units = <u>$40,000.</u> (i.e we subtracted cost from selling price to determine profit per unit, and then multiply by the total unit ordered to get total profit)
- If you drop the price 20% out of $100 ($100 -
$80) for the order of 2000 units, then profit = $80-$60 * 2000 = <u>$40,000.</u> (i.e we reduced selling price by 20% and then substracted cost, $60 from selling price to determine profit per unit, and then multiply by the total unit ordered to get total profit)
Although the total profit is the same, we observe that the profit per unit is lesser on the larger order, which has a profit per unit of $20 ($80-$60), while the smaller order has $40 ($100-$60) per unit profit.
