Answer:
$2,338
Explanation:
For computing the ending inventory, first we have to determine the average cost per unit, then ending inventory units which are shown below:
= (Beginning inventory units × price per unit + first purchase inventory units × price per unit + second purchase inventory units × price per unit + third purchase inventory units × price per unit) ÷ (Beginning inventory units + one purchase inventory units + second purchase inventory units + third purchase inventory units)
= (11 units × $51 + 15 units × $53 + 21 units × $55 + 17 units × $57) ÷ (11 units + 15 units + 21 units + 17 units)
= ($561 + $795 + $1,155 + $969 ) ÷ (64 units)
= ($3,480) ÷ (64 units)
= $54.375 per unit
Now the ending inventory units would be
= Available units for sale - sale units
= 64 units - 21 units
= 43 units
Now the ending inventory would be
= Ending inventory units × average cost per unit
= 43 units × $54.375 per unit
= $2,338
Answer:
$100 per share
Explanation:
Complete question: <em>As a result of the stock dividend, Euclid's per share basis is $?</em>
<em />
The Total stock is 500 shares for $50,000 Basis = 50,000 / 500 = $100
Hence, Euclid's per share basis is = $100 per share
The shelves must be at least 15 centimeters or 6 inches above the floor.
Hopefully this helps :)
Answer:
(1) Depreciation on factory equipment. ____MOH
(2) Depreciation on delivery trucks. ____ Period Cost
(3) Wood used to build a bookcase. ____Direct Material
(4) Production supervisor’s salary. ____ MOH
(5) Glue and screws used in the bookcases. ____ MOH
(6) Wages of persons who assemble the bookcases. ____Direct Labor
(7) Cost to run an ad on local radio stations. ____Period Cost
(8) Rent for the factory. ____ MOH
(9) CEO’s salary. ____ Period Cost
(10) Wages of person who sands the wood after it is cut.
Direct Labor
Period Cost are costs that are not directly involved in the manufacturing costs of a product but are incurred in a particular period. These expenses include advertising and selling expenses.
Direct Materials are material used to make a product . For example wood is a direct material for making shelves.
Direct Labor are the wages paid to the people who work in the production of a product.
Manufacturing Overheads are charges associated with the manufacturing of a product.they are indirect costs of the production like rent of the building etc.
Answer:
True
Explanation:
This is the value of stock or share that was set by the owners of a corporation at the point of registration of the company. It is the price that is stated in the corporation's article of association and also in the share certificate. The par value of a share has no relationship with the market value as they can be far apart.
The par value is a value specified by law for the protection of the people who might want to extend credit to the corporation.
