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Andre45 [30]
4 years ago
13

Lauer Corporation provided the following information about one of its laptop computers: Date Transaction Number of Units Cost pe

r Unit 1/1 Beginning Inventory 170 $ 870 5/5 Purchase 270 $ 970 8/10 Purchase 370 $ 1,070 10/15 Purchase 235 $ 1,120 During the year, Lauer sold 925 laptop computers. What was cost of goods sold using the FIFO cost flow assumption? Multiple ChoiceA. $942,500 B. $964,500 C. $946,156 D. $934,500
Business
1 answer:
PilotLPTM [1.2K]4 years ago
3 0

Answer:

D. $934,500.

Explanation:

FIFO Method:

170 x $870 = 147,900

270 x $970 = 261,900

370 x $1,070 = 395,900

115 x $1,120 = 128,800

Hence, Total Cost of Goods Sold for 925 Laptop Computers will be $934,500.

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Exercise 1-13 Identifying effects of transactions using the accounting equation LO P1 Ming Chen began a professional practice on
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Answer:

I used an excel spreadsheet since there is not enough room here.      

Explanation:

Download pdf
8 0
3 years ago
Using a cost chart, estimate the current purchased cost of a cast-steel centrifugal pump that requires 100 kW of power. What is
Levart [38]

Answer:

$94,500

Explanation:

Given the attached chart and table, we have

Purchased cost of cast-steel centrifugal pump that requires 100kw of power = $45,000

Cost if pump is made of 316 stainless steel = 2.1 * 45,000 = $94,500

Note: see the attached images.

Hope this helps!

5 0
3 years ago
Discuss the optimal method for procuring inputs that have well-defined and measurable quality specifications and require highly
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Answer:

The optimal method for procuring inputs that have well-defined and measurable quality specifications and require highly specialized investments is the contract.

Explanation:

The contract is signed between the seller and the buyer, and establishes formal and legal terms, and agreed responsabilities. The primary advantages are that firms and buyers are allowed to focus in producing and getting what they need as contracts are used for tangible goods and for rendered services, reducing the opportunistic behaviour and underinvestment.

The CONASUPO, mexican government office, signed a contract with the mexican ranch owners to get all their milk production at low prices to feed the thousands of low income families.

3 0
3 years ago
Read 2 more answers
Brian is struggling with the choice of publishing his new book, How to Cook Polish Barbeque, as an e-book or a paperback. Brian
Molodets [167]

Answer:

making a product decision

Explanation:

Since in the question it is mentioned that Brian is struggling with regard to the choice of publishing of his new book that reflects the decision making as the options of books are available and confused with the available options in terms of e-book or paperback that means sell it online or in book stores or both

So it reflects the making the decision with respect to the product

4 0
3 years ago
Waterway industries, has 4700 shares of 5%, $50 par value, cumulative preferred stock and 100000 shares of $1 par value common s
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Since the preferred stocks are cumulative in nature, the dividend amount not paid in the current year will be accumulated and paid in the next year.

Preferred dividend to be paid in 2017 = Value of preferred stock x Dividend rate

= (4700 x $50) x 5%

= 11750

Dividend to be paid in 2018 = same as 2017 as no new preferred stock issued

= 11750

Total dividend to be paid in 2018 = Dividend to be paid in 2018 + Dividend to be paid in 2017 – Dividend paid in 2017

= 11750 +11750 -7900

= $15600

5 0
3 years ago
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