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3 years ago

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

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3 years ago

Selected information from Peridot Corporation's accounting records and financial statements for 2021 is as follows ($ in million

guapka [62]

Answer:

$43 million

Explanation:

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4 years ago

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Answer:

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We would simply discount the $1,000,000 by using an interest rate of 3.2%

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Answer:

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FV =207021

I/Y = 3.2

PMT = ?

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