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
erica [24]
3 years ago
15

Coronado Company's record of transactions concerning part X for the month of April was as follows.

Business
1 answer:
Olin [163]3 years ago
8 0

Answer:

1.FIFO 5,631.4

2.LIFO 7,685

3.8.8542 per unit

Explanation:

Coronado Company's

1)First-in, first-out (FIFO)

(520×8.47+ 150×8.18)

= 4,404.4+1,227

= 5,631.4

2)Last-in, first-out (LIFO)

(420×7.30+ 620×7.45)

= 3,066+4,619

= 7,685

3.Cost of goods available for sale

Date Transactions Units ×Rate =Total

Apr-01 Beginning inventory 420 ×$7.30 =$3,066

Apr-04 Purchase 720×$7.45 =$5,363

11-Apr Purchase 620 ×$7.74 =$4,798.8

18-Apr Purchase 520×$7.81 =$4,061.2

26-Apr Purchase 920 ×$8.18= $7,525.6

30-Apr Purchase 520 ×$8.47 $4,404.4

Total: 3,300 $29,219

720+620+520+920+520=3,300

$3,066+5,363+4,798.8+4,061.2+7,525.6+4,404.4 =29,219

Average cost per unit =

Total cost of goods available for sale / Units available for sale

Hence:

$29,219 / 3,300

=8.8542 per unit

You might be interested in
Economists sometimes give conflicting advice because
Nataly [62]
B. Economists have different values and scientific judgment. Economists exercise both subjective and objective judgments about data that they collect and observations that they make. These values and judgments differ among economists which can affect their advice or opinions, sometimes leading to conflicting advice. 
5 0
3 years ago
Consider the information about the economy of Pakistan. Note that the currency of Pakistan is the rupee. The government purchase
wlad13 [49]

Answer:

Explanation:

GDP = C + I + G + NX

Where, C = Consumption, I - Investment, G - Government Purchases, NX - Net Exports

GDP = 11.00 + 1.20 + 3.10 + (1.20 - 2.32)

       = 14.18 trillions of Rupees

6 0
3 years ago
When a firm is operating in a perfectly competitive labor market the wage the firm increases with the number of workers hired. t
djverab [1.8K]

Answer: When a firm is operating in a perfectly competitive labor market: <u>"the firm can buy as much or as little labor as it wants at a fixed, going wage rate."</u>

Explanation:

1-  "the wage the firm increases with the number of workers hired" - Is incorrect because The salary paid by the company is treated as a constant salary.

2- Correct.

3- "the firm’s marginal expense of labor (MEL) equals the cost of all workers hired." is  incorrect because the firm’s marginal expense of labor (MEL) is equal to the salary (wage) rate.

7 0
3 years ago
term fixed price contract to build an office tower for​ $10,000,000. In the first year of the contract Tullis incurs​ $3,000,000
almond37 [142]

Answer: $750,000

Explanation:

Given that,

Fixed price contract = $10,000,000

Cost incurred in the first year = $3,000,000

Remaining costs to complete =​ $5,000,000

Tullis billed =​ $4,000,000 in year 1

Collected​ by the end of the year = $3,500,000

Percentage of work completed = \frac{Expenditures\ Incurred\ from\ Inception\ to\ Date}{Total\ Estimated\ Costs\ for\ the\ Contract}

= \frac{3}{8} \times 100percent

= 37.5%

Revenue recognized = 37.5% of $10,000,000

                                    = $3,750,000

Income recognized = Revenue recognized - Cost incurred in the first year

                                 = $3,750,000 - $3,000,000

                                 = $750,000

8 0
3 years ago
When a firm does not have the resource required for pursuing a growth strategy, and if the resource in question is not easily tr
pychu [463]

Answer:

B. Consider an outright acquisition.

3 0
3 years ago
Other questions:
  • Why did the industrial revolution start in great britain??
    11·1 answer
  • 1.What three factors determine the demand for a product?
    7·1 answer
  • Each of the following scenarios is independent. Assume that all cash flows are after-tax cash flows.
    11·1 answer
  • Annapolis Company purchased a $1,000, 6%, 5-year bond at 97 and held it to maturity. The straight line method of amortization is
    7·1 answer
  • In an opinion column published in wallstreetbuzz, a columnist wrote, "James Jackson, CEO of Blain Investments, now posting an $8
    12·1 answer
  • In late December you​ decide, for tax​ purposes, to sell a losing position that you hold in​ Twitter, which is listed on t
    12·1 answer
  • Robert's credit card has a balance of $645.42, but the amount that he needs to pay to bring the card to a $0 balance is $1235.18
    14·1 answer
  • W, Inc. plans to have the same inventories at year end as was in the beginning of the year. The expected total fixed costs for t
    8·1 answer
  • Cost of Goods Sold, Cost of Goods Manufactured Glenville Company has the following information for April: Cost of direct materia
    12·1 answer
  • If a broker receives a due diligence fee from a buyer under the north carolina standard offer to purchase and contract, when can
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!