Answer:
B) Student Aid Report (SAR)
Explanation:
This is the report you get after completing the government provided FAFSA.
Answer:
WA 1,682
LIFO 910
FIFO 2,260
Explanation:
![\left[\begin{array}{cccc}Date&Cost&Units&Subtotal\\$Jan 20th&8&400&3200\\$April 21th&10&200&2000\\$July 25th&13&280&3640\\$Sept 19th&15&90&1350\\$Total&10.51&970&10190\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bcccc%7DDate%26Cost%26Units%26Subtotal%5C%5C%24Jan%2020th%268%26400%263200%5C%5C%24April%2021th%2610%26200%262000%5C%5C%24July%2025th%2613%26280%263640%5C%5C%24Sept%2019th%2615%2690%261350%5C%5C%24Total%2610.51%26970%2610190%5C%5C%5Cend%7Barray%7D%5Cright%5D)
We add the units purchase and the subtotal to get the total units available for sale.
Ending inventory physical units: 970 - 810 = 160 units
<u>Then, we calculate for each method:</u>
Weighted average:
cost of goods / available units = 10,190 / 970 = 10.51
160 units x 10.51 = 1,681.6
LIFO:
Ending inventory will be the oldest units:
160 units x 8 = 960
FIFO:
Ending inventory will be the newest units as the units are sold as soon as they come in
90 x 15 = 1,350
70 x 13 = 910
Total 2,260
Answer:
The following sets of percentages would be used to calculate the correct number of equivalent units in the ending work-in-process inventory:
D. Materials, 100%; conversion cost, 60%.
Explanation:
<em>The above is actually the best option which would be used to calculate the correct number of equivalent units in the ending work-in-process inventory.</em>
D for sure is the correct answer
Answer:
15.65%
Explanation:
The computation of the internal rate of return is shown below:
Given that
Years Cash outflow/ cash inflow
0 -$200,000
1 $100,000
2 $77,000
3 $52,000
4 $40,000
The formula is
= IRR()
AFter applying the above formula, the internal rate of return is 15.65%