The total goods available for sale for the period is computed as follows:
Inventory, beg (200 @ $10) ----------------------------------------$2,000
1st Purchase (350 @ $15) ---------------------------------------------5,250
2nd Purchase (450 @ $20) ------------------------------------------9,000
3rd Purchase (100 @ $25) -------------------------------------------2,500
Total Goods Available for Sale -----------------------------------$18,750
(a) In computing the Ending Inventory and Cost of Goods Sold using FIFO method:
Total Goods Available for Sale ---------------------------------- $18,750
Less: Ending Inventory* -------------------------------------------- 4,900
Cost of Goods Sold --------------------------------------------------$13,850
*Ending Inventory
Inventory, beg ---------------------------------------------------------- 200
Total Purchases -------------------------------------------------------- 900
Total Available Units ------------------------------------------------- 1,100
Less: Units Sold ------------------------------------------------------- 880
Inventory, end --------------------------------------------------------- 220
Cost of Ending Inventory
100 × $25 = $2,500
120 × $20 = 2,400
220 $4,900
(b) In computing the Ending Inventory and Cost of Goods Sold using LIFO method:
Total Goods Available for Sale ---------------------------------- $18,750
Less: Ending Inventory* -------------------------------------------- 2,300
Cost of Goods Sold --------------------------------------------------$16,450
*Ending Inventory
Inventory, beg ---------------------------------------------------------- 200
Total Purchases -------------------------------------------------------- 900
Total Available Units ------------------------------------------------- 1,100
Less: Units Sold ------------------------------------------------------- 880
Inventory, end --------------------------------------------------------- 220
Cost of Ending Inventory
100 × $20 = $2,000
120 × $15 = 300
220 $2,300
(c) The Gross Margin for FIFO and LIFO
FIFO LIFO
Sales (880 @ $40) ------------------------$35,200 -------------------$35,200
Cost of Goods Sold ---------------------- 13,850 -------------------- 16,450
Gross Margin --------------------------------$21,350 ------------------- $18,750
The manager should ask for an ID. A real health inspector would have an ID card OR Identification card on him. Have a nice day
Answer:
$262,000
Explanation:
Ending inventory = Goods on Hand + Cost Goods purchased from Marigold Corp + Cost of goods sold to Marigold Corp.
Ending inventory = $215,000 + $27,000 + $20,000
Ending inventory = $262,000
So, the amount that should Swifty report as its December 31 inventory is $262,000.
Answer:
new beta of the portfolio= 1.235
so correct option is b. 1.235
Explanation:
given data
investment = $10,000
common stocks = 20
total investment = $200,000
portfolio beta = 1.2
sell one stocks beta = 0.7
sell = $10,000
purchase another stocks beta = 1.4
to find out
What will be the beta of the new portfolio
solution
we first find increment in beta that is express as
increment in beta = investment × ( purchase stocks beta - sell stocks beta) ÷ total investment .............................1
put here value we get
increment in beta =
increment in beta = 0.035
so
new beta of the portfolio will be
new beta of the portfolio = 1.2 + 0.035
new beta of the portfolio= 1.235
so correct option is b. 1.235
<u>Answer</u>:
The U.S. public debt 3. refers to the collective amount that U.S. citizens and businesses owe to foreigners.
<u>Explanation</u>:
Public debt simply refers to the debt that the country owes to the lender outside the nation. This debt may include individuals, businesses and also other governments. Public debt is also referred to as the national debt.
In certain countries public debt can also refer to the debt that the states, provinces and municipalities owe. Public debt is called so because it is the collective annual budget deficit. National debt is an important determinant to bridge the government's funding differences.