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ruslelena [56]
3 years ago
10

On december 31 there were 26 units remaining in ending inventory. using the fifo inventory valuation method, what is the cost of

the ending inventory?
Business
1 answer:
galina1969 [7]3 years ago
8 0

Under the FIFO method of inventory valuation, the ending inventory is assumed to belong to the latest purchases. Hence in the given case, the cost of ending inventory shall be calculated using the latest purchases costs.

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Jumpin Corporation uses the percent-of-sales method to estimate uncollectibles. Net credit sales for the current year amount to
Zinaida [17]

Answer:

$101,500

Explanation:

Net Sales    $2,030,000

Allowance for uncollectible Accounts ($2,030,000*5%)=$101,500

The amount of uncollectible accounts to be reported in income statement shall be $101,500

7 0
3 years ago
Income statement under absorption costing and variable costing
Len [333]

Answer:

unitary product cost= $102

Explanation:

Giving the following information:

Manufacturing costs Direct materials per unit $60

Direct labor per unit $22

Variable overhead per unit $8

Fixed overhead for the year $528,000

Units produced= 44,000

The absorption costing method includes all costs related to production, both fixed and variable<u>. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead. </u>

Fi<u>rst, we need to calculate the unitary fixed overhead:</u>

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<u>Now, the unitary product cost:</u>

unitary product cost= 60 + 22 + 8 + 12

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4 0
3 years ago
Which one of the following is NOT a real option? The option to buy shares of stock if its price is expected to increase. The opt
puteri [66]

Answer:

The answer is: The option to buy shares of stock if its price is expected to increase.

Explanation:

A <em>"real option"</em> in management is: a choice managers can take concerning business investment opportunities. <em>Real options</em> usually involve tangible assets (machinery, buildings, inventory, land, etc.) but not financial instruments or stocks.

So the buying or selling of stocks aren´t considered <em>real options</em> in business management.

4 0
3 years ago
If customer 2 has a service time of 1.6, and if customer 3 has an interarrival time of 1.1 and a service time of 2.3, when will
Ivan
Your answer should be: "There is not enough information to answer." Hope I helped! :)
3 0
3 years ago
Tyson Inc. is currently trading at $18 per share. The company is expected to pay a dividend of $1.63/per share next year. The di
viktelen [127]

Answer:

$20.38  buy

Explanation:

The computation of present value is shown below:-

Fair Value according to Gordon Model = Expected Div ÷ (Required Return - Growth rate)

= $1.63 ÷ (10.5% - 2.5%)

= $1.63 ÷ 8%

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Fair Price = $ 20.38 and Actual Price = $18.00

As Fair Price is greater than the Actual Price so, the stock is under priced. Therefore advice to buy.

5 0
3 years ago
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