Answer:
The computations are shown below:
Explanation:
(a) Depletion cost per unit
Depletion cost per unit
= $717,963 ÷ 806,700 tons
= $0.89 per ton
(b) The Journal entry to record depletion expense is
Depletion Expense A/c Dr $ 92,293
(103,700 tons × $0.89)
To To Accumulated Depletion A/c $ 92,293
(Being the depletion expense is recorded)
(c) The cost applicable is
= 16,700 unsold units × $0.89
= $14,863
Answer:
$6745
Explanation:
Given: Beginning inventory is 77 units at the cost of $19 per unit.
Purchased inventory is 476 units at $19 per unit.
Sales during the month is 355 units at $45 per unit.
Now, let´s find the cost of goods sold using LIFO method.
We know, LIFO method is Last in first out, which sell out inventory, which are most recently purchased. In a period of rising prices, LIFO inventory method tends to give the highest reported cost of goods sold.
As sales unit is 355 units.
Let´s take units from recent purchased inventory.
Cost of good sold= 
Hence, the cost of goods sold using the LIFO method is $6745.
To predict the total costs for 3,000 birdcages:
Use the average cost per unit of $18.00 and multiply it by 3,000.
($18)(3,000)= $54,000
$54,000 is the predicted total costs of 3,000 birdcages.
Answer:
Shopping products
Explanation:
Shopping products usually involves the customer doing comparison shopping as customer like to compare price, quality, offers, discounts etc. There are several websites which help the customer in comparing the products available of various brands and then buying the product. It is helpful in making smart purchase and buying the products which are worth for the money spent. It give complete analysis of product quality and price.
Explanation:
Five phases guide the new product development process for small businesses: idea generation, screening, concept development, product development and, finally, commercialization.
