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Crank
3 years ago
15

Determine the cost of merchandise sold for the transaction on September 25 using the perpetual inventory system and the FIFO met

hod. Date Item Units Cost Total Beginning inventory 5 $5 $25 September 4 Purchase 8 6 48 September 8 Sale 6 September 20 Purchase 15 7 105 September 25 Sale 12 a.$105 b.$77 c.$84 d.$73
Business
1 answer:
GuDViN [60]3 years ago
7 0

Answer:

b.$77

Explanation:

beginning inventory 5 units

purchase september 4th 8 untis

sale for 6 units:

<u>inventory after first sale: (available at second sale)</u>

beginning used.

purchase september 4th   7  untis at $6

September 25th Sale of 12 units

<u>inventory used for second sale:</u>

September 4th   7  untis at $6

September 15th  5 units at $7

total COGS for the sale: $77

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Garfield Corp. expects to sell 1,300 units of its pet beds in March and 900 units in April. Each unit sells for $110. Garfield’s
Pani-rosa [81]

Answer:

$62,800

Explanation:

Following Garfield Corp's policy, the number of pet beds that must be purchased, assuming no initial inventory, is given by the expected number of sales in March (1,300 units) added to 30% of the expected sales in April (30% of 900 units):

n=1,300 +(0.3*900)\\n=1,570\ units

Since the company purchases each pet bed for $40, total budgeted purchases are:

P=\$40*n=\$40*1,570\\P=\$62,800

Garfield Corp's total budgeted purchases for March are $62,800.

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3 years ago
Bob, a salesperson at a Carpets Galore store, tells Dita, a customer, "Buy your carpet here, and I'll install it for half of wha
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Answer:

Duty of Loyalty

Explanation:

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2 years ago
Explain a situation where user would transpose data on a spreadsheet in Microsoft Excel. Give at least one example to illustrate
GuDViN [60]

Answer:

You can do this by copying, pasting, and using the Transpose option. But doing that creates duplicated data. If you don't want that, you can type a formula instead using the TRANSPOSE function. For example, in the following picture the formula =TRANSPOSE(A1:B4) takes the cells A1 through B4 and arranges them horizontally.

Step 1: Select blank cells

First select some blank cells. But make sure to select the same number of cells as the original set of cells, but in the other direction. For example, there are 8 cells here that are arranged vertically:

Cells in A1:B4

So, we need to select eight horizontal cells, like this:

Cells A6:D7 selected

This is where the new, transposed cells will end up.

Step 2: Type =TRANSPOSE(

With those blank cells still selected, type: =TRANSPOSE(

Excel will look similar to this:

=TRANSPOSE(

Notice that the eight cells are still selected even though we have started typing a formula.

Step 3: Type the range of the original cells.

Now type the range of the cells you want to transpose. In this example, we want to transpose cells from A1 to B4. So the formula for this example would be: =TRANSPOSE(A1:B4) -- but don't press ENTER yet! Just stop typing, and go to the next step.

Excel will look similar to this:

=TRANSPOSE(A1:B4)

Step 4: Finally, press CTRL+SHIFT+ENTER

Now press CTRL+SHIFT+ENTER. Why? Because the TRANSPOSE function is only used in array formulas, and that's how you finish an array formula. An array formula, in short, is a formula that gets applied to more than one cell. Because you selected more than one cell in step 1 (you did, didn't you?), the formula will get applied to more than one cell. Here's the result after pressing CTRL+SHIFT+ENTER:

6 0
2 years ago
Costs of goods sold of a manufacturing represents the costs related to building a product that are expensed when it is sold. to
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Add: Purchase of Raw Materials...........................................XXX

Total Raw Materials Available...............................................XXX

Less: Ending Balance of Raw Materials..............................(XXX)

Raw Materials Consumed.....................................................................XXX

Direct Labour...........................................................................................XXX

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Indirect Labour....................................XXX

Factory Repairs...................................XXX

Factory Utility......................................XXX

Total Manufacturing Overhead............................................................XXX

Total Manufacturing Costs....................................................................................XXX

Total Cost of Work in Process..............................................................................XXX

Less: Ending Balance of WIP................................................................................(XXX)

Cost of Goods Manufactured................................................................................XXX

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Televisa, a Mexican media company, became the world's most prolific producer of Spanish-language soap operas owing to its expert
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