1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Vitek1552 [10]
3 years ago
15

Unland Company uses a periodic inventory system. Details for the inventory account for the month of January 2017 are as follows:

Business
1 answer:
Wewaii [24]3 years ago
6 0

Answer:

Ending inventory= $1706

Explanation:

Giving the following information:

Units Per unit price Total

1/1/2017: 290 *$5.00=  $1450

1/15/2017: Purchase,  140*$5.10= $714

1/28/2017: Purchase,  140*$5.30= $742

At the end of the month (1/31/2017) inventory showed that 230 units. If the company uses LIFO (last-in, first-out)

Ending inventory= 140*5.30+140*5.10+50*5= $1706

You might be interested in
6. Twins Barbara and Mary are both age 27. Beginning at age 27, Barbara invests $2,000 per year for 10 years and then never sets
Dmitriy789 [7]

Answer:

Barbara will have $210,349

Mary will have $188,922

Explanation:

Total time of investment is 40 years = age 67 - age 27

After 10 years, Barbara will have  $27,633 (this figure used "FV" calculation in excel = FV(7%,10,2000)

Then Barbara put all $27,633 in next 30 years then she will have $210,349 = 27,633 x (1+7%)^30

Mary didn't now invest in first 10 years, but then  invests $2,000 per year for the next 30 years, so she will have $188,922 = FV(7%,30,2000)

4 0
3 years ago
Gilchrist Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. At the beginni
andrey2020 [161]

Answer:

Predetermined manufacturing overhead rate= $35.65 per machine hour

Explanation:

Giving the following information:

Estimated the machine-hours= 45,900

The estimated variable manufacturing overhead was $7.53 per machine-hour.

The estimated total fixed manufacturing overhead was $1,290,708.

<u>To calculate the predetermined overhead rate, we need to use the following formula:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= (1,290,708/45,900) + 7.53

Predetermined manufacturing overhead rate= $35.65 per machine hour

4 0
3 years ago
During January, its first month of operations, Marigold Company accumulated the following manufacturing costs: raw materials $5,
Fiesta28 [93]

Explanation:

The journal entries are as follows

1. Raw material inventory $5,100

         To Account payable $5,100

(Being the raw material is purchased on account)

2. Factory labor $5,100

       To Factory wages payable $1,700

       To Payroll tax payable $2,900

(Being the factory overhead cost is recorded)

3. Manufacturing overhead $2,900

           To Utilities payable $2,900

(Being the overhead cost is recorded)

6 0
3 years ago
Why is going to a restaurant to eat dinner both a good.and a service
lions [1.4K]
You eat at the time you need to and they service you
3 0
3 years ago
Read 2 more answers
You are planning to save for retirement over the next 30 years. To do this, you will invest $750 per month in a stock account an
Alex

Answer:

The withdrawals will be of  $ 11,379.014 per month

Explanation:

Future value of the annuities:

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C         750.00

time 360(30 years x 12 monhs per year)

rate 0.008333333 (10% / 12 months)

750 \times \frac{1-(1+0.00833)^{-360} }{0.008333} = PV\\

PV $1,695,365.9436

C \times \frac{(1+r)^{time} -1}{rate} = PV\\

C         250.00

time 360 (30 years x 12 monhs per year)

rate             0.005 (6% / 12 months)

250 \times \frac{(1+0.005)^{360} -1}{0.005} = PV\\

PV $251,128.7606

Total 1,695,365.84 + 251,128.76 = 1.946.494,6‬

and from here we withdraw for 25 years:

PV \div \frac{1-(1+r)^{-time} }{rate} = C\\

PV 1,946,495

time 300 (25 years x 12 months)

rate 0.004166667 (5% / 12 months)

1946494.6 \div \frac{1-(1+0.004167)^{-300} }{0.004167} = C\\

C  $ 11,379.014

6 0
3 years ago
Other questions:
  • Wilfrid laurier university bookstore conducts annual surveys of its customers. using xlstat answer
    14·1 answer
  • _______________________ managers subscribe to the traditional view of direction and control of subordinates, who they see as ind
    10·1 answer
  • At L=64, K = 82, the marginal product of labor is 10 and the marginal product of capital is 20. What is the marginal rate of tec
    14·1 answer
  • What is dismissal in business?​
    13·1 answer
  • What is moral muteness? Why do you think an advertising professional might experience this phenomenon?
    12·1 answer
  • What is the value of a preferred stock that pays a perpetual dividend of $125 at the end of each year when the interest rate is
    13·1 answer
  • Acquisition cost, as well as capital improvements, will​
    11·1 answer
  • Midyear on July 31st, the Chester Corporation's balance sheet reported:______. Total Liabilities of $51.391 million Total Common
    6·1 answer
  • Can any one start a conversation for 25tps
    13·2 answers
  • A __________ offers a huge selection of one type of product (such as books, toys, or sporting goods) to dominate that category o
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!