Answer:
ending inventory before adjustment: 12,875
Explanation:
The ending inventory before adjustment will be at cost.
The company at year-end will adjust for the difference the cost and the lower-or-cost rule:
COST NRV
Shirts 30 units $ 55 $ 65
MegaDriver 10 units $ 310 $ 225
MegaDriver II 25 units $ 325 $ 370
<em><u>Inventory before adjustment:</u></em>
30 *25 + 10 * 310 + 25*325 =
1650 + 3100 + 8125 = 12,875
Answer:
estimated value = $240000
so correct option is C. 240000
Explanation:
given data
net income = $1800
rate of return = 9%
to find out
estimated value
solution
net income annual will be = net income × 12 (months)
net income annual = $1800 × 12
net income annual = $21,600
so estimated value will be
estimated value = 
estimated value = 
estimated value = $240000
so correct option is C. 240000
Answer: $290,000
Explanation:
Flexible budget for 20,000 tons:
Fixed manufacturing costs (Period costs constant irrespective of tons produced) $50,000
Variable manufacturing costs
($12 × 20,000) $240,000
Total Manufacturing costs for 20,000 tons will be:
$50,000 + $240000 = $290,000
Note: Variable costs varies based on the number of units produced whereas Fixed costs are the period costs that are constant irrespective of units produced.
Answer:
Either because they are in high demand or are advertised well
Explanation:
Answer:
Results are below.
Explanation:
<u>The weighted average method blends the costs and units of the previous period with the costs and units of the current period.</u>
Units completed in the period + Equivalent units in ending inventory WIP (units*%completion) = Equivalent units of production
Units completed= (3,200 + 200) - 400= 3,000
Equivalent units of production= 3,000 + 400*0.8
Equivalent units of production= 3,320 units
