Reference no: EM131143899
Dyna Distribution markets CDs of the performing artist King James. At the beginning of March, Dyna had in beginning inventory 3,120 King James CDs with a unit cost of $3 During March, Dyna made the following purchases of King James CDs.
March 5 7,280 @ $7
March 21 4,160 @ $12
March 13 8,320 @ $8
March 26 4,160 @ $13
During March, 20,800 units were sold. Dyna uses a periodic inventory system.
Determine the cost of goods available for sale.
The cost of goods available for sale $ Determine
(1) the ending inventory and
(2) the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average-cost). (Round answers to 0 decimal places, e.g. $2,120.) FIFO LIFO AVERAGE-COST The ending inventory $ $ $ The cost of goods sold $ $ $ LINK TO TEXT LINK TO VIDEO Which cost flow method results in
(1) the highest inventory amount for the balance sheet and
(2) the highest cost of goods sold for the income statement?
(1) FIFOLIFO produces the highest inventory amount, $ .
(2) FIFOLIFO produces the highest cost of goods sold, $ .
|
Describe the main elements of sarbanes-oxley act
: From the e-Activity, describe the main elements of SOX and identify the controls organizations need to implement to be compliant with SOX.
|
|
How contractor operations could adversely affect heath
: Most organizations hire contractors in some capacity, either to aid in production work or to provide ancillary services, such as cleaning, maintenance, remodeling, and food service. Discuss how a contractor's operations could adversely affect the ..
|
|
Compute the missing amounts
: Presented below is financial information for two different companies.
|
|
Determine the shearing stress at points a and b
: A 750-N.m torque is applied to a hollow shaft having the cross section shown and a uniform 6-mm wall thickness. Neglecting the effect of stress concentrations, determine the shearing stress at points a and b.
|
|
Determine the cost of goods available for sale
: Determine the cost of goods available for sale. - Determine the ending inventory and- Determine the cost of goods sold under each of the assumed cost flow methods.
|
|
Compute the first four natural frequencies
: Compute the first four natural frequencies as accurately as possible and compare them to both the analytical values and the measured values.
|
|
Payton prepares a multiple step income statement
: In 2010, Walter Payton Company had net sales of $900,000 and cost of goods sold of $540,000. Operating expenses were $230,000, and interest expense was $11,000. Payton prepares a multiple-step income statement.
|
|
Analyze how coppa and cipa are similar and different
: Analyze how COPPA and CIPA are similar and how they are different, and explain why there is a need for two different acts. Describe what you believe are the most challenging elements of both COPPA and CIPA to implement in order to be compliant.
|
|
Find the first seven natural frequencies and mode shapes
: Find the first seven natural frequencies and mode shapes - Removing the center diagonal members, find the first seven natural frequencies and mode shapes again.
|