Answer:
(a) the first-in, first-out (FIFO) method; $1054
(b) the last-in, first-out (LIFO) method; $998 and
(c) the weighted average cost method $760
Explanation:
FIFO
Inventory ; 13 units × $38 = $494
14 units × $40 = $560
Total = $1054
LIFO
Inventory ; 13 units × $38 = $494
14 units × $36 = $504
Total = $998
weighted average cost
August 7
New Cost per Unit = ((14 units × $36) + (19 units × $38)) / ( 14 units + 19 units )
= $37.15
December 11
New Cost per Unit = ((33 units × $37.15) + (14 units × $40))/( 33 units+14units)
= $38.00
Inventory Cost = 20 units × $38.00
= $760
Answer: $23,200 as total current asset for the period
Explanation:
Note Receivable has a value $16,000
Interest on Note = 5%
Accrued for 9 months
Yearly Interest accrued = 16,000*5%*12= 9,600
Interest for 9 months = 9600/12*9 = 7,200
Balance sheet Extract
Other Income
Int Accrued on Note Receivable $7,200
Current Asset
Note Receivable $16,000
Int Accrued on Note Receivable $7,200
Total Current Asset $23,200
The answer to your question is,
civil rights infringement
-Mabel <3
Answer:
$490,800
Explanation:
In order to arrive at the capitalized cost, we will sum up all the cost in the above question because those costs were incurred by the company - Holiday Laboratories to getting the assets prepared for use.
Therefore, Capitalized cost
= High speed industrial centrifuge + Shipping cost + Foundation work + Additional equipment cost + Labor and testing cost + Material cost
= $460,000 + $11,000 + $7,300 + $3,900 + $5,400 + $3,200
= $490,800
