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77julia77 [94]
3 years ago
7

Pine Creek Company completed 200,000 units during the year at a cost of $3,000,000. The beginning finished goods inventory was 2

5,000 units at $310,000. Determine the cost of goods sold for 210,000 units, assuming a FIFO cost flow.?
Business
1 answer:
barxatty [35]3 years ago
5 0

Answer:

$3,085,000

Explanation:

For computing the cost of goods sold for 210,000 units by using the FIFO method first we have to find out the per unit cost which is shown below:

For beginning inventory

= $310,000 ÷ 25,000 units

= $12.4 per unit

For completed units

= $3,000,000 ÷ 200,000 units

= $15

Now the cost of goods sold would be

= 25,000 units × $12.40 + (210,000 units - 25,000 units) × $25

= $310,000 + 2,775,000

= $3,085,000

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ER(P) = 1.5 + 5.2

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Alpha = Annual average return - ER(P)

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3 years ago
Delta Company purchased an equipment by signing a note with the bank for $20,000. Which of the following statements correctly sh
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(B) Assets will increase by $20,000, liabilities will increase by $20,000, and stockholders' equity will remain unchanged

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Signing a note of $20,000 with a bank to purchase an equipment will have the following double entry in the books of the borrower.

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A company is considering two capital investments. Each requires an initial investment of $15,000 and has a 4 year useful life. I
yaroslaw [1]

Answer:

3 years

Explanation:

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Payback period = Initial investment ÷ Net cash flow

where,  

Initial investment is $15,000

And, the net cash flow would be

= Year 1 + year 2 + year 3 + year 4

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3 years ago
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Answer:

Total= $292,520

Explanation:

Giving the following information:

Zhang Industries sells a product for $750. Unit sales for May were 400 and each month's sales are expected to grow by 3%. Zhang pays a sales manager a monthly salary of $4,000 and a commission of 2% of sales in dollars. Assume 30% of Zhang's sales are for cash. The remaining 70% are credit sales; these customers pay in the month following the sale.

Cash budget for June:

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Total= $292,520

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