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
julia-pushkina [17]
3 years ago
10

Metlock Company is a multiproduct firm. Presented below is information concerning one of its products, the Hawkeye. 1/1 - Beginn

ing Inventory (Quantity 1,000 - Price/Cost = $12), 2/4 - Purchase (Quantity 2,000 - Price/Cost = $18), 2/20 - Sale (Quantity 2,500 - Price/Cost = $30), 4/2 - Purchase (Quantity 3,000 - Price/Cost = $23) 11/4 - Sale (Quantity 2,200 - Price/Cost = $33) Instructions: Compute cost of goods sold, assuming Elho uses: (a) Periodic System, FIFO cost flow, (b) Perpetual System, FIFO Cost Flow (c) Periodic System, LIFO Cost Flow (d) Periodic, LIFO cost flow, (e)Periodic, weighted avg cost flow, (f) perpetual system, moving average cost flow.
Business
1 answer:
bixtya [17]3 years ago
3 0

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

1/1 - Beginning Inventory (Quantity 1,000 - Price/Cost = $12)

2/4 - Purchase (Quantity 2,000 - Price/Cost = $18)

2/20 - Sale (Quantity 2,500 - Price/Cost = $30)

4/2 - Purchase (Quantity 3,000 - Price/Cost = $23)

11/4 - Sale (Quantity 2,200 - Price/Cost = $33)

Units sold= 4,700

1) Periodic - FIFO

COGS= 1,000*12 + 2,000*18 + 1,700*23= 87,100

2) Perpetual - FIFO

COGS= 1000*12 + 1500*18 + 500*18 + 1,700*23= $87,100

3) Periodic - LIFO

COGS= 3,000*23 + 1,700*18= $99,600

4) Perpetual - LIFO

COGS= 2,000*18 + 500*12 + 2,200*23= $92,600

5) Periodic - weighted

Average price= (12 + 18 + 23)/3= 17.67

COGS= 4,700*17.67= $83,049

6) Perpetual - weighted

COGS= 15* 2,500 + 17.67*2,200= $76,374

You might be interested in
Which dimension of the general environment represents the demographic characteristics, norms, customs, and values of the populat
andreev551 [17]

The answer is sociocultural dimension. This dimension is being defined as somewhat the individual all access to progress, completion and even obstacles in which is one way of putting importance to it as this shows an individual’s way of encompassing factors that may go in his or her way.

7 0
2 years ago
Your phone service provider offers a plan that is classified as a mixed cost. The cost per month is $50 flat rate for the first
kondor19780726 [428]

Answer:

D

Explanation:

The first 1000 minutes cost per month $50 and if you use 1200, minimum you will be charged with $50. To find the cost of the 200 reamining minutes, you multiply 200 times $0,35, which is the cost of one minute when you exceed 1000 minutes. Then you have:

$50⇒ for 1000 minutes

$70⇒ for 200 minutes

Total

$120⇒ for 1200 minutes

5 0
3 years ago
On the first day of the fiscal year, a company issues an $7,500,000, 8%, five-year bond that pays semiannual interest of $300,00
Sav [38]

Answer:

$7,500,000 in 8% bonds, 5 years to maturity, semiannual coupon ($300,000)

sold at premium for $7,740,000

the journal entry to record the issuance should be:

Dr Cash 7,740,000

    Cr Bonds payable 7,500,000

    Cr Bond premium 240,000

<u>Using the straight line amortization:</u>

amortization per coupon payment = $240,000 / 10 coupons = $24,000

Dr Interest expense 276,000

Dr Bond premium 24,000

    Cr Cash 300,000

5 0
3 years ago
Suppose Compco Systems pays no dividends but spent $ 5.18 billion on share repurchases last year. If​ Compco's equity cost of ca
shusha [124]

Answer:

Market capitalization - $155.26

Stock price - $26.77

Explanation:

The computation of the market capitalization is shown below:

= last year dividend × (1 + growth rate) ÷  (cost of capital - growth rate)

= $5.18 billion × ( 1 + 7.9%) ÷ (11.5% - 7.9%)

= $5.58,922 billion ÷ 3.6%

= $155.26

And, the stock price would be

= Market capitalization ÷ outstanding shares

= $155.26 ÷ 5.8 billion

= $26.77

3 0
2 years ago
How can properly formatting an electronic résumé give an applicant a competitive edge over other applicants?
SSSSS [86.1K]
Many employers will upload the resume with a scanning application that looks for certain keywords based on how they wanted it to be submitted.
4 0
2 years ago
Read 2 more answers
Other questions:
  • Which of these portfolio items might assist Susan in answering an interviewer who asks, "What is something you did well in schoo
    12·1 answer
  • "when the assembly line was applied to more industries, america entered the:"
    9·1 answer
  • Zhang company reported cost of goods sold of $835,000 and average inventory of $41,750. the inventory turnover ratio is
    8·1 answer
  • Slinky Company purchased merchandise on June 10, 2021, at a price of $26,000, subject to credit terms of 4/10, n/30. Slinky uses
    9·1 answer
  • If the liabilities of a business are Rs.7,50,000 and the capital is Rs. 8,50,000. Find the total assets.
    11·1 answer
  • QUESTION 10
    5·1 answer
  • A polisher costs $10,000 and will cost $20,000 a year to operate and maintain. If the discount rate is 10 percent and the polish
    9·1 answer
  • Inside Incorporated was issued a charter on January 15 authorizing the following capital stock: Common stock, $6 par, 100,000 sh
    14·1 answer
  • Assume the total cost of a college education will be $300,000 when your child enters college in 18 years. You presently have $57
    11·1 answer
  • Mary Walket, president of Rusco Products, considers $14,000 to be the minimum cash balance for operating purposes. As can be see
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!