Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Problem 1: BSA Company had 12,000 units of product A on hand at January 1, costing P25 each. Purchases of product A during the month of January were: Jan 10 - 17,000 units at P24; Jan. 19 - 22,000 units at P23; Jan. 29 - 7,000 units at P25. A physical count on January 31 showed 22,000 units of product A on hand. Which of the following statements is INCORRECT?
Option 1: The average cost per unit of January 31 inventory under FIFO is P23.64.Option 2: During January, the cost of sales under the FIFO is greater than under the simple average.Option 3: At January 31, the cost of inventory under the simple average is higher than cost of inventory using the FIFO.Option 4: The goods available for sale using FIFO perpetual inventory system is higher than using the simple average under the periodic inventory system.
Problem 2: BSA Company manufactures and sells Product A at P70 gross profit per unit, or 40%. How much is the cost per unit of Product A?
Option 1: P116.67Option 2: P186.67Option 3: P175.00Option 4: P105.00
a company expects to produce and sell 9000 units of a single product. management desires an 18 return on assets of
Assume that each company separately reports cost of goods sold of $400,000 each. What is consolidated cost of goods sold
Use this information to determine the dollar amounts that Towson will report on its year-end Balance Sheet for Paid in Capital Common Stock in Excess to par
Find the consolidation worksheet entries in the following year, assuming the inventory has been -sold, and explain the adjustments
The fair value of the goods at the date of sale is $10,000 (cost $6,000). Prepare the journal entries to record this transaction on January 2, 2020
Using the following information and assuming that all inventory is purchased on account, compute cash paid for inventory:
Journalize the transactions for the month of June for Powell's Book Warehouse using a perpetual inventory system
Stock out cost $80 per occurrence and Carrying cost of safety stock $2 per unit. What is the number of units of safety stock
For tax purposes, how many days has Monica spent on business? Could Monica have spent more time than she did vacationing on the trip without loss
The current share price is $28 per share. Each convertible bond is trading at $900 in the market. What is the straight bond value
during april the production department of a process manufacturing system completed a number of units of a product and
which of the following is a major accounting contribution to the managerial decision-making process in evaluating
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd