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If Ping Wang, the owner, orders in quantities of 300 or more, he can get a 5% discount on the cost of the detectors. I think yes, Wang <span>should take the quantity discount.</span>
Answer:
$19.21
Explanation:
The computation of the unit cost per item is as follows:
Beginning merchandise inventory $52,000
Add: Purchases + freight in $293,000 ($280,000 + $13,000)
Less: Ending merchandise inventory -$54,900
Cost of goods sold $290,100
Now the cost of goods sold per unit is
= $277,100 ÷ 15,100 units
= $19.21
The net realizable value of the inventory as of December 31, year 2, according to IFRS is <u>$75</u>.
<h3>What is net realizable value under IFRS?</h3>
Under the IFRS, inventories should be stated at the lower of cost and net realizable value. The net realizable value equals the selling price less the estimated costs of sale.
<h3>Data and Calculations:</h3>
Inventory purchase cost = $80
Net realizable value in year 1 = $60
Net realizable value in year 2 = $75
Replacement cost = $65
Normal profit margins = 20%
Thus, the net realizable value of the inventory as of December 31, year 2, according to IFRS is <u>$75</u>.
Learn more about net realizable value at brainly.com/question/794345
Answer:
real estate agent who leaves a job in Texas and searches for a similar, higher paying job in California
Explanation:
Frictional unemployment occurs when Labour leaves his job in search of another one. It is the period between Labour leaves current employment and get another one.
geologist who is permanently laid off from an oil company due to a new technological advance is an example of structural unemployment
worker at a fast-food restaurant who quits work and attends college is am example of voluntary unemployment.
autoworker who is temporarily laid off because of a decline in sales is an example of cyclical unemployment.
I hope my answer helps you
