Answer: $1,575
Explanation:
When using Last In First Out (LIFO) method of inventory valuation, it is assumed that the most current goods purchased are the ones to be sold first. This means that the remaining inventory are the earlier ones purchased.
25 units remain at the end of the year. These will therefore come from;
The 10 units of beginning Inventory at $60 each
The remaining 15 units will come from the first purchase at $65 each.
Amount of Inventory = (10 * 60) + (15 * 65)
= 600 + 975
= $1,575
I have attached the complete question.
Answer:
b. 10,000.
Explanation:
The number of units completed in April is given by the number of units on April 1st (3,000) added to the number of units started during April (11,000) minus the number of units still in production on April 30th (4,000):
![\begin{array}{ccc}Starting\ n^o\ of\ units&3,000\\Units\ started\ in\ April&11,000\\Units\ not\ completed\ in\ April&(4,000)\\Units\ completed\ in\ April&10,000\end{array}](https://tex.z-dn.net/?f=%5Cbegin%7Barray%7D%7Bccc%7DStarting%5C%20n%5Eo%5C%20of%5C%20units%263%2C000%5C%5CUnits%5C%20started%5C%20in%5C%20April%2611%2C000%5C%5CUnits%5C%20not%5C%20completed%5C%20in%5C%20April%26%284%2C000%29%5C%5CUnits%5C%20completed%5C%20in%5C%20April%2610%2C000%5Cend%7Barray%7D)
10,000 units were completed during April.
Answer:
Afghntyjnytnjtyjnmtymtumtumumyumyumjm
Explanation:
Answer: $300,000
Explanation:
As overhead is applied on the basis of direct labor cost, the overhead rate for the period is:
= Overhead / Direct labor cost * 100%
= 5,340,000 / 890,000 * 100%
= 600%
If direct labor cost is $50,000 then overhead applied will be:
= Direct labor cost * Overhead rate
= 50,000 * 600%
= $300,000
Answer:
See photo. I am a professional so my format may be different than what school tells you. Hopefully you can use this information.
Explanation: