Answer:
$1,150
Explanation:
Given the above information, the value of the inventory method on June 30, using LIFO method would be calculated as;
= $828 + [ ($1,288 ÷ 184) × (184 - 138) ]
= $828 + (7 × 46)
= $829 + $322
= $1,150
Therefore, the ending inventory on June 30, using LIFO method is $1,150
Answer:
amoritzation expense 3,268
copyright 3,268
Explanation:
We will divide the acquisition cost by the total units of production:
925,000 / 2,100,000 = 0.024571429 this would be the rate per poster
<u>Then we multiply by this year level:</u>
(it is convinient to do all in a single step if using a calculator to avoid any rounding error)
133,000 x 925,000 / 2,100,000 = $3,268.00
amoritzation expense 3,268
copyright 3,268
Answer:
The amounts of pretax and after-tax income can the company expect to earn from these predicted changes are $1,795,000 and $1,436,000 respectively.
Explanation:
The sales less the variable cost gives the contribution margin.
The contribution margin less the fixed cost gives the net operating income. Furthermore, net income is the difference between the total sales and the total costs (fixed and variable).
Both sales and variable cost are dependent on the number of units sold.
with these expected changes,
Pretax Income
= 40,500($205 - $145) - $635,000
= $1,795,000
After tax income
= 80% * $1,795,000
= $1,436,000
Answer:
Cost Of Goods Sold= $1,930,000
Explanation:
Giving the following information:
Beginning Finished goods inventory 190000
Ending Finished goods inventory 150000
Cost of goods manufactured for 2020 amounted to $1890000
COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory
COGS= 190,000 + 1,890,000 - 150,000= $1,930,000
