D asking your instructor to assign you a topic
Answer:
<em>Cost of ending inventory= $8,520.6</em>
Total cost of units transferred out=$99,863
Explanation:
<em>Cost of ending inventory</em>
Cost of items of inventory = cost per equivalent unit × No of units
Cost of items of inventory = ($9.50×330) + ($20.40 × 264)= <em>$8,520.6</em>
<em>Total cost of units transferred out </em>
The FIFO method of valuation of working in progress separates the units transferred out into opening inventory and fully worked.
The fully worked represents the units of inventory started and completed in the sames period.
The cost of units transferred out is the sum of h opening inventory and he fully worked. This done below:
Opening inventory = ($9.50 × 360) + ($20.40×140)= 6276
Transferred of fully worked = $(9.50 +$20.40) × 3,130= 93,587
Total cost of units transferred out = (6276
+93587)= $99,863
Your bank account has 3,500 in it. You add 2,000 to your account because someone gave it to you. That will leave you with 5,500 But, its time for you to make out your monthly bills. So take your 5,500 in your account and subtract 2,500. it will leave you with a cash balance of 3,000.
Option C wearing straw hats become popular
Answer:
A. Cash = 21% increase, A/R = 22% increase, Inventory = 17% decrease.
Explanation:
A base year can be described as a year that is used as a reference year for comparison with other years.
To calculate the percentage increase/decrease of each current asset amount of Homework American Corporation, the following formula is used suing Year 1 as the base year.
Percentage increase/decrease = [(Year 2 amount - Year 1 Amount) / Year 1 Amount] * 100 .............................. (1)
Using equation (1), we have:
Percentage increase/decrease in Cash = [($245.90 - $202.95) / $202.95] * 100 = [$42.95 / $202.95] * 100 = 0.21 * 100 = 21% increase
Percentage increase/decrease in Accounts Receivable (A/R) = [($485.34 - $398.02) / $398.02] * 100 = [$87.32 / $398.02] * 100 = 0.22 * 100 = 22% increase
Percentage increase/decrease in Inventory (A/R) = [($648.54 - $785.12) / $785.12] * 100 = [-$136.58 / $785.12] * 100 = -0.17 * 100 = 17%
Based on the calculations above, the correct option is e. A. Cash = 21% increase, A/R = 22% increase, Inventory = 17% decrease.
