Answer:
FIFO 480 euros
LIFO 400 euros
PMP 460 euros
Explanation:
Unidades disponibles:
100 existencia inicial
300 compra
FIFO
Primero se venden las unidades de existencia inicial y luego las de la compra:
100 existencia inicial y 220 de la compra.
Inventario final: 80 unidades a 6 euros cada una = 480 euros
LIFO se vende primero la compra:
300 de compra y 20 de existencia inicial
Inventario final 80 unidades a 5 euros cada una = 400 euros
Costo Promedio Ponderado:
100 unidades a 5 + 300 a 6 = 500 + 1800 = 2300 euros
400 unidades costaron 2300 euros
en promedio: 2300 / 400 = 5.75
inventario final 80 unidades a 5.75 = 460 euros
The journal entries are made as follows and t-accounts and Trial balance is made.
<h3 /><h3>What is Accounting?</h3>
Accounting is the calculation of debit and credit, this includes the finance calculations of a business. Accounting have five major accounts known as Capital, Income, expense, Liabilities and Assets.
A. DR Cash 14100
DR Furniture 5200
CR Capital 19300
B. DR Rent expense 1500
CR Cash 1500
C. DR Office Supplies 900
CR Accounts Payable 900
D. DR Salary Expense 1700
CR Cash 1700
E. DR Accounts Payable 700
CR Cash 700
F. DR Accrued Income 5900
CR Services 5900
G. DR Capital 6700
CR Cash 6700
T accounts are made by the name of a certain account and debiting or crediting the effecting account.
Trial Balance
Cash 4200
Furniture 5200
Capital 12600
Rent expense 1500
office supplies 900
Salary expense 1700
Accounts payable 200
Services (COGS) 5900
Accrued Income 5900
Learn more about Journals at brainly.com/question/26998490
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Answer:
Average variable cost = $4 per can opener
Explanation:
The total cost is a function of the total fixed cost plus the total variable cost. If the total cost to produce 7000 can openers was $45000 and the total fixed cost was $17000, we can calculate the total variable cost to be,
Total variable cost = Total Cost - Total Fixed Cost
Total Variable cost = 45000 - 17000
Total Variable cost = $28000
The average variable cost per unit can be calculated by dividing the total variable cost incurred divided by the total number of units produced.
Average variable cost = 28000 / 7000
Average variable cost = $4 per can opener
Answer:
True
Explanation:
Since the manager works for multiple departments, Factory Overhead will be debited for these indirect labor costs.
Answer:
4. Palau's economy is in recession
Explanation:
Data given in the question
Potential GDP = $950 trillion
Real GDP = $900 trillion
By considering the above information as we can see that the real GDP is not more than the Potential GDP so it not shown on the expansion stage in the economy
Whereas the Real GDP is less than the Potential GDP so it is shown on the recession stage in the economy.
Hence, the Zambia economy is in recession stage
