Answer:
1,030
Explanation:
Calculation for what is the exponential smoothing forecast value
Exponential smoothing forecast value = 1,000 + 0.3 x (1,100-1,000)
Exponential smoothing forecast value = 1,000 + 0.3 x (100)
Exponential smoothing forecast value = 1,000 + 30
Exponential smoothing forecast value= 1,030
Therefore the exponential smoothing forecast value will be 1,030
Answer:
A) The balance in ending inventory would be $7.00.
Explanation:
FIFO Perpetual chart is attached.
FIFO Perpetual chart shows purchases , sales and balance of each period. We must see final situation to know which is the final inventory balance.
The balance at the end of March is
Units Unit Cost Total
1 7 $7,00
Total=$7.00
Answer:
30,633 units
Explanation:
The number of equivalent units of production for conversion costs for the period using the FIFO method is shown below:
= Beginning work in process units × remaining percentage + units started and completed units × percentage of completion + ending work in process inventory units × percentage of completion
= 4,200 units × 24% + 28,900 units × 100% + 2,500 units × 29%
= 1,008 units + 28,900 units + 725 units
= 30,633 units
The units started and completed units are come from
= 33,100 units - 4,200 units
= 28,900 units
<span>We can take our solutions and compare them all to each other in many various areas. Then once we have decided which areas are best solved by a certain solution we can make a best guess that this is our best idea to solve this problem. The evidence is in the data of the different approaches and the quantifiable "best" outcomes.</span>
