Answer:
Explanation:
Date Unit Unit cost Total Goods sold Cost Total
May 1 28 9 252 28 9 252
May 15 26 10 260 26 10 260
May 24 39 11 429 26 11 286
Total 93 941 80
1) Weighted average unit cost = 941/93 = $10.118
FIFO method
2)Ending inventory (93-80)*11 =$ 143
FIFO method assumes that the first set of inventory are the first to be sold
LIFO method
LIFO assumes that the last set of inventory are the first to be sold
Goods Sold Cost Total
39 11 429
26 10 260
15 9 135
Ending Inventory = (93-80)*9 = $117
Average Cost Method
Ending Inventory = 13 * 10.118 =$131.534
Answer:
1 is correct guy for my bea
Answer:
Option (D) is correct.
Explanation:
Given that,
In 2016,
Allowance for doubtful accounts = $7.2 million
Total accounts and other receivables, net = $486.6 million
In 2015,
Allowance for doubtful accounts = $9.3 million
Total accounts and other receivables, net = $520.2 million
Therefore,
Company’s current gross accounts and other receivables at the end of 2016:
= net receivable(2016) + allowance for doubtful(2016)
= $486.6 + $7.2
= $493.8
Answer:
The bond will sell for the amount of $869.17
Explanation:
According to the given data coupon amount = 50/2 = 25
Therefore, in order to calculate the selling price of the bond we would have to make the following calculation:
selling price of the bond = 25 * PVIFA(3%,52) + 1,000 * PVIF(3%,52)
selling price of the bond= 25 * 26.1662 + 1,000 * 0.2150
selling price of the bond= $869.17
The bond will sell for the amount of $869.17
Can you give a better explanation
