Reference no: EM131258781
Transactions Units Unit Cost
Beginning inventory, January 1, 2012 2, 800 $ 60
Transactions during 2012:
a. Purchase, January 30 4,250 $ 74
b. Sale, March 14 ($100 each) (2,450 )
c. Purchase, May 1 2,950 $90
d. Sale, August 31($100 each) (2,900 )
Assuming that for Specific identification method (item 1d) the March 14, 2012, sale was selected two-fifths from the beginning inventory and three-fifths from the purchase of January 30, 2012. Assume that the sale of August 31, 2012, was selected from the remainder of the beginning inventory, with the balance from the purchase of May 1, 2012. What is the cost of goods sold and the ending inventory with the specific identification method?
|
Calculate the increase in real gdp in fishland
: The country of fishland had a nominal GDP of $1000 in 2003 and $1500 in 2004. The GDP price index was 100 in 2003 and 150 in 2004. Calculate the increase in real GDP in fishland between 2003 and 2004.
|
|
Difference between the franchisor and the franchisee
: Can you describe the difference between the franchisor and the franchisee? How are these differences strategically aligned to create a competitive advantage?
|
|
What might happen to the quantity of imports
: The following demonstrates a weak (falling or depreciating) dollar. A weak dollar means the dollar buys less of the foreign currency. What might happen to the quantity of U.S. imports with a weak US dollar? Exports? (Increase/decrease?)
|
|
Explain the importance of health and wellness models
: Based on your understanding of nursing today, discuss how the Healthy People 2020 initiative could be used by you, as a nurse, to make a difference in the health and wellness of people in your area.
|
|
The ending inventory with the specific identification method
: Assuming that for Specific identification method (item 1d) the March 14, 2012, sale was selected two-fifths from the beginning inventory and three-fifths from the purchase of January 30, 2012. What is the cost of goods sold and the ending inventory w..
|
|
What would its bullwhip measure have been
: If Super Toy Mart had made a perfect forecast of demand over the past 12 months and had decided to order 1/12 of that annual demand each month, what would its bullwhip measure have been?
|
|
Exceeds the natural level of output
: When output exceeds the natural level of output, explain what adjustments will occur in the labour market and discuss what effect they will have on output and the price level.
|
|
Series of mergers monopolizes the industry
: Suppose a series of mergers monopolizes the industry and results in lower costs such that LRMC = LRAC = 5 (the demand stays the same). What are the industry output and price?
|
|
Generate the largest possible surplus
: For market equilibrium to generate the largest possible surplus and thus be efficient, which condition(s)must be met?
|