1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alex787 [66]
3 years ago
9

A company had beginning inventory of 12 units at a cost of $15 each on March 1. On March 2, it purchased 12 units at $24 each. O

n March 6 it purchased 7 units at $20 each. On March 8, it sold 28 units for $63 each. Using the perpetual FIFO inventory method, what was the cost of the 28 units sold?
Business
1 answer:
Tema [17]3 years ago
4 0

Answer:

The cost of the 28 units sold is $548

Explanation:

In the given question,  

On March 1 it purchase 12 units for $15 = 12 units × $15 = $180

On March 2 it purchase 12 units for $24 = 12 units × $24 = $288

On March 6 it purchase 7 units for $20 = 7 units × $20 = $140

And, on march it sold 28 units for $63 each  

The 28 units could be taken from  

12 × $15 = $180

12 × $24 = $288

And remaining 4 units × $20 = $80

So, the total cost of units sold = $180 +$288 +$80 = $548

You might be interested in
Eve Cosmetics Company consists of two departments, Blending and Filling. The Filling Department received 50,000 ounces from the
elena55 [62]

Answer:

The number of ounces started and completed during the period is <u>42,000 ounces</u>.

Explanation:

The number of ounces started and completed during the period can be computed by simply deducting the beginning work in process from the number of ounces completed.

Since we have the following from the question:

Number of ounces completed by Filling = 46,000 ounces

Beginning work in process = 4,000 ounces

Therefore, we have:

Number of ounces started and completed = Number of ounces completed by Filling - Beginning work in process = 46,000 ounces - 4,000 ounces = 42,000 ounces

Therefore, the number of ounces started and completed during the period is <u>42,000 ounces</u>.

5 0
3 years ago
When business writers request information or action that will likely be received positively, they should frontload their message
Scorpion4ik [409]
<span>This requires that the most significant or important statements be placed first, so as to make sure that the audience receives it before anything else. By doing this, the primacy effect will be experienced: the first information the listener or reader perceives will be what is remembered most. This means that the positive information will be remembered, and anything in the middle of the notice will likely be forgotten.</span>
6 0
3 years ago
To determine the net cash provided (used) by operating activities, it is necessary to analyze Group of answer choices the curren
Svet_ta [14]

Answer:

All of these.

Explanation:

All of these are the correct answer because to determine the net cash from the operating activities, there is a requirement of the current year's income statement, additional information such as depreciation and amortization and a comparative balance sheet. In order to get cash from operating activities, the changes and non-cash capital, other non-cash adjustments, depreciation is added to the net income.

8 0
3 years ago
Freytag Corporation's variable overhead is applied on the basis of direct labor-hours. The company has established the following
Serjik [45]

Answer:

a. -$783 Unfavorable

b. 550 Favorable

Explanation:

a. The computation of Variable Overhead Rate Variance is shown below:-

Variable Overhead Rate Variance = Actual hours × (Standard Variable Overhead rate per hour - Actual Variable Overhead rate per hour)

= 8,700 × ($4.10 - ($36,540 ÷ 8,700)

=  8,700 × ($4.10 - $4.19)

= 8,700 × -$0.09

= -$783 Unfavorable

b. The computation of Variable Overhead Efficiency Variance is shown below:-

Variable Overhead Efficiency Variance = Standard Variable Overhead Rate per Hour ×  (Standard Hours for Actual Production - Actual Hours)

= 5.5 × ((5.5 × 1,600) - 8,700)

= 5.5 × (8,800 - 8,700)

= 5.5 × 100

= 550 Favorable

5 0
3 years ago
A company reported that its bonds with a par value of $50,000 and a carrying value of $57,000 are retired for $60,000 cash, resu
kherson [118]

Answer:

b.$60,000 outflow.

Explanation:

Cash flows from financing activities

Retiring value of bonds for cash    -$60,000

Cash flow from financing activities -$60,000

Since the cash flow statement records only cash transactions. So in the given case, the bonds are retired for $60,000 in cash that reflects the cash outflow and the same is to be presented on the financial statements

3 0
3 years ago
Other questions:
  • Wakefield Hospital has only one portable X-ray machine. The emergency room staff claim to have the greatest need for the machine
    11·1 answer
  • According to the Department of Labor finishing even one year of college raises the average person's income a lot for the rest of
    11·2 answers
  • A​ _______ refers to a collection of companies and processes involved in moving a product from the suppliers of raw materials an
    7·2 answers
  • Due to disagreement between senior interviewers at Calvtipy, a publishing firm, the human resources department gave each of the
    6·1 answer
  • The central bank requires Southern to hold 10% of deposits as reserves. Southern Bank's policy prohibits it from holding excess
    14·1 answer
  • A subsidy that is used to internalize a positive externality will ideally cause the demand curve to shift __________ to the ____
    9·1 answer
  • A clothier makes coats and slacks. The two resources required are wool cloth and labor. The clothier has 150 square yards of woo
    9·1 answer
  • Relationship between public and private sector in mixed economy?​
    14·1 answer
  • An economy produces only apples and oranges. The base year is 2012, and the table gives the quantities produced and the prices
    5·1 answer
  • Four years later: Rural mothers' and employers' perspectives on breastfeeding barriers following the passage of the Affordable C
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!