Which is the difference between marginal cost and marginal revenue

Wooderson Company sells many products. Gizmo is one of its popular items. Below is an analysis of the inventory purchases and sa

tankabanditka [31]

Answer:

FIFO COST OF GOODS SOLD$ 239,200

b) Weighted Average Inventory $ 6120

c) LIFO Ending Inventory = $ 5000

Explanation:

Wooderson Company

Periodic inventory system

Units Unit Cost Total Cost

3/1 Beginning inventory 100 $40 $ 4000

3/3 Purchase 60 $50 $ 3000

3/4 Sales 60 $80 $ 4800

3/10 Purchase 200 $55 $ 11000

3/16 Sales 70 $90 $ 6300

3/19 Sales 90 $90 $ 8100

3/25 Sales 60 $90 $ 5400

3/30 Purchase 40 $60 $ 2400

Sales = $ 4800 + $ 6300 + $ 8100 + $ 5400= $ 246,000

Ending Inventory= 120 units

FIFO Ending Inventory= $ 6800

40 units at $60 = $ 2400

80 units at $55 = $ 4400

FIFO COST OF GOODS SOLD= SALES Less FIFO Ending Inventory

= $ 246,000- $ 6800= $ 239,200

b) Weighted Average Inventory= (Total Cost / Total Units) Ending Units= (20,400/ 400) * 120 = $ 6120

c) LIFO Ending Inventory = $ 5000

100 units at $40 = $ 4000

20 units at $ 50= $ 1000

3 0

3 years ago

The following credit sales are budgeted by Garcia Company:January $255,000February $375,000March $525,000April $450,000The compa

weeeeeb [17]

Answer:

Total cash to be realized in March = $468,000

Explanation:

As for the provided information, the details are:

Realization of sales:

In the month of Sale = 70%

In the month following sale = 20%

In the next to month following sale = 10%

Thus, for the month of March: Realization shall be:

Sales of March = 70% = $525,000 $\times$ 70% = $367,500

Sales of February = 20% = $375,000 $\times$ 20% = $75,000

Sales of January = 10% = $255,000 $\times$ 10% = $25,500

Total cash to be realized in March = $468,000

7 0

3 years ago

Tim writes a note to his boss to apologize for an embarrassing typo in a recent publication. At the end of the message, he promi

Oxana [17]

This is an example of shallow promise

5 0

3 years ago

Read 2 more answers

Outstanding debt of Home Depot trades with a yield to maturity of %. The tax rate of Home Depot is . What is the effective cost

natali 33 [55]

Answer: 3.6%

Explanation:

The effective cost of debt is the interest rate adjusted for taxes so it is expressed by;

= Interest (1 - tax rate)

= 6% ( 1 - 40%)

= 3.6%

4 0

4 years ago

Read 2 more answers

Davison Company determined that the book basis of its net accounts receivable was less than the tax basis of its net accounts re

arsen [322]

Answer: the correct answer is A. Deductible temporary difference

Explanation:

The future tax deduction created by the write-off of bad debts will create a future tax benefit and will be recorded on the balance sheet as a deferred tax asset.

5 0

3 years ago