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zhenek [66]
3 years ago
14

The annual inventory of The Bike Shop Inc. shows the following information for mountain bikes: DATE QUANTITY COST TOTAL January

15 Beginning Inventory 80 $126 $10,080 March 20 Purchase 30 120 3,600 June 21 Purchase 20 126 2,520 October 12 Purchase 15 122 1,830 December 29 Purchase 10 122 1,220 Total available for sale 155 $19,250 If 36 mountain bikes were on hand on December 31, what is the value of the ending inventory using the LIFO method of inventory pricing
Business
1 answer:
Nesterboy [21]3 years ago
5 0

Answer:

$4,536

Explanation:

LIFO assumes that the units to arrive last will be sold first. Hence inventory valuation is based on the prices of earlier units.

Ending Inventory = 36 x $126 = $4,536

The value of the ending inventory using the LIFO method of inventory pricing is $4,536.

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Sales $ 576,000 $ 491,500 Variable costs 189,000 260,500 Traceable fixed costs 173,500 196,400 Allocated common corporate costs
Maru [420]

Answer:

$(18,900)

Explanation:

Calculation to determine what the elimination of the West Division would result in an overall company net operating income (loss)

Using this formula

Net operating income (loss) = Net operating income of East division -Allocated common cost to West division

Let plug in the formula

Net operating income (loss)= $ 89,600 - $108,500

Net operating income (loss)= $(18,900)

Therefore the elimination of the West Division would result in an overall company net operating income (loss) of $(18,900)

5 0
3 years ago
Mountain gear has been using the same machines to make its name brand clothing for the last five years A cost efficiency consult
IgorC [24]

Answer:a. The company will be $11,000 better off over the 5 year period if it replaces the old machine.

Explanation:

The purchase of the new machine will bring the annual operating expenses to $9,000 compared to the $15,000 been spent on the old machine which brings in a savings of $6000 and when this is added to the $ 5000 increase sales revenue from the new machine, it means the company will be better off by $11,000 over the next five year if it replaces the old machine.

There is no justification for being $12,000, $20,000 or $6000 better off over the next five year by either replacing or keeping the old machine.

5 0
3 years ago
• A student planning a career in business management wondered why it was important to learn cost and management accounting. How
ch4aika [34]

Explanation:

Let us understand what a cost accounting and management accounting deals with and how both are related to business management.

Cost accounting:

  • It deals with expenses and cost assessment in terms for producing or buying products.
  • Gives an idea of how to measure profit.
  • To determine the selling price and this would be challenging and profitable to the business and to the market.

Management accounting:

This helps the business people to make decisions, assess performance, and it is one step ahead of cost accounting.

Any business management people has to deal with money, take decision, assess the market, measure profit. So it is important to get a knowledge on Cost and management accounting.

6 0
4 years ago
Why might someone who is just starting out prefer a regular savings account to a CD?
iragen [17]
Cds are time deposits that you can close before the term ends but might pay early penalty for withdrawing early. Cds vary with the financial institution. I would say a savings account
6 0
4 years ago
Protecting yourself from exposure to toxic substances in the workplace is an example of promoting ______ wellness.
Dahasolnce [82]

Protecting yourself from exposure to toxic substances in the workplace is an example of promoting <u>environmental wellness.</u>

<h3>Environmental wellness </h3>

Environmental wellness is having good health by occupying pleasant, stimulating environments that support well-being. It promotes interaction with nature and also creating an enjoyable personal environment (both in and out of your workspace).

Learn more about environmental wellness here :

brainly.com/question/18580902

#SPJ4

3 0
2 years ago
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