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nikdorinn [45]
2 years ago
13

25. A firm that uses weighted average process costing has 400 units in Beginning Inventory that are 80% complete. During the per

iod, an additional 8000 units are started. 600 units are left in Ending Inventory at the end of the period, which are 80% complete. Beginning Inventory has $11,080 allocated to it, and current costs are $80,000. All inputs are added simultaneously. Required: Calculate the costs allocated to Finished Goods and Ending Inventory.
Business
1 answer:
avanturin [10]2 years ago
3 0

Answer:

Finished goods = $85,800

Ending inventory = $5,280

Explanation:

beginning WIP 400 units

$11,080

8000 units started

$80,000

units finished and transferred out = 8,000 + 400 - 600 = 7,800

ending inventory 600 units

80% complete

equivalent units = 7,800 + (600 x 80%) = 8,280

total costs = $91,080

cost per equivalent unit = $91,080 / 8,280 = $11

Finished goods = 7,800 x $11 = $85,800

Ending inventory = 480 x $11 = $5,280

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If markets are in equilibrium, which of the following conditions will exist? A. Each stock's expected return should equal its re
xxMikexx [17]

Answer:

<u>A</u>

<u>Explanation</u>:

Remember, in economics the term equilibrium implies that this terms

  • price and,
  • quantity demanded

<u>are all equal or in a state of stability.</u>

Therefore, the stock in such an equilibrium market would yield it expected returns since there are no external factors such as increase in price that could affect the value.

8 0
3 years ago
On December 31, Slugger Batting Cages Company decides to trade in one of its batting cages for another one that has a cost of $5
torisob [31]

Answer:

There is a loss of 18,000

Explanation:

In this question, we are asked to calculate the amount of boot in this transaction.

We proceed as follows;

We must identify that to buy one asset, we exchanged one asset with another

Mathematically;

loss or gain = asset given up - Discount received in exchange

From the question we identify the following;

value of asset given up = 225,000 - 195,000 = 30,000

Discount received in exchange = 12,000

Thus, loss or gain is

= 30,000 - 12,000

So, there's a loss of 18,000

4 0
2 years ago
dar Grove Industries produces and sells a cell phone-operated home security control. Information regarding the costs and sales o
Neporo4naja [7]

Answer:

.................................................................................................

Particulars                              Unit cost       Amount

Sales income                         $ 47            $ 376,000      

Less: Variable cost                $ 24           $ 192,000

---------------------------------------------------------------------------

Contribution Margin             $ 13           $ 184,000

Less: Fixed cost                                        $ 124,000

---------------------------------------------------------------------------

Net income                                                $ 60,000

...................................................................................................

Explanation:

Given:

Unit selling price = $ 47

Variable cost = $ 24

Total monthly fixed cost = $ 124,000

Number of units sold = 8,000

CVP income statement for Cedar Grove Industries for the month of May is as:

.................................................................................................

Particulars                              Unit cost       Amount

Sales income                         $ 47            $ 376,000      

Less: Variable cost                $ 24           $ 192,000

---------------------------------------------------------------------------

Contribution Margin             $ 13           $ 184,000

Less: Fixed cost                                        $ 124,000

---------------------------------------------------------------------------

Net income                                               $ 60,000

...................................................................................................

here, the amount is for the total unit i.e 8000 units multiplied by the unit cost

8 0
3 years ago
Please answer this question...
oee [108]

Answer: yes! Aww thanks, you too :))

Explanation: have a great day!!

5 0
3 years ago
Read 2 more answers
The credit terms offered by Neutron Enterprise are 2/10, n/30. Neutron sold goods on account to James Company on Jun 14 for $300
Pie

Answer:

Cash A/C            Debit                    $300

  To James company                                  $300

(Amount collected from James Company for credit sale)

Explanation:

Cash A/C            Debit                    $300

  To James company                                  $300

(Amount collected from James Company for credit sale)

Note: The terms here provided that, 2/10, n/30.

Which means that 2% discount if payment made within 10 days, and total 30 days credit allowed.

Here the sales were made on 14 June, and payment received on 27 June that is it took more than 10 days as 10 days complete on 24 June.

Therefore, no discount will be offered.

5 0
3 years ago
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