Answer:
$525,000
Explanation:
Calculation to determine what amount would it have recorded the equipment for on 6/30/2021
First step is to calculate the total interest for 10 months;
Based on the information given since the amount of $15,000 was the interest for 6 months in the year 2021 in which the note lasted for 10 months the total interest will be:
Total Interest = 10months/6months x $15,000 Total Interest=$25,000
Now let calculate 6/30/2021 Equipment
6/30/2021 Equipment=$550,000-$25,000
6/30/2021 Equipment=$525,000
Therefore what amount would it have recorded the equipment for on 6/30/2021 is $525,000
The amount allocated to ending inventory is $3664.
LIFO is an inventory method that means last in, first out. It means that it is assumed that the latest inventory that is sold, is the first to be sold. Ending inventory is made up of inventory that is purchased eelier.
- Total inventory sold = 40 + 26 = 68 units
- Sum of total inventory bought and beginning inventory = 10 + 60 + 30 = 100
- Ending inventory = 100 - 68 = 32
- Value of ending inventory = (22 x $112) + (10 x $120)
$2464 + $1200 = $3664
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Answer:
$52.25
Explanation:
From the question given, thus saying if a market buy order for 100 shares comes in, at what price will it be filled.
(a) The price it will be filled is at $52.25
The Reason is that,the buy-market order will be filled at the price $52.25, the best value price of the sell limit orders in the book.