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statuscvo [17]
3 years ago
12

Stevens Company started the year with an inventory cost of $145,000. During the month of January they purchased inventory that c

ost of $53,000. January sales totaled $140,000. Estimated gross profit is 35%. The estimated ending inventory as of January 31 is
a. $107,000
b. $58,000
c. $91,000
d. $69,300
Business
1 answer:
Korvikt [17]3 years ago
6 0
D is correct. i might be wrong
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Answer:

$90,000

Explanation:

We could allocate assembly overhead on the basis of the parts used in the assembly process:

wheels ⇒ 300,000 x 2 parts = 600,000 parts

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total parts assembled     2,400,000 parts

overhead costs per part assembled = $360,000 / 2,400,000 parts = $0.15 per part

so the overhead allocated to wheels should be = 600,000 parts x $0.15 per part = $90,000

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Cash Flow:
ss7ja [257]
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Rudiy27

Vary in total in direct proportion to changes in the activity level. As this cost increase or decrease, the output level.

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It’s B, have a good day☀️
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