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Beginning inventory 15 units @$6 per unit, first purchase 30 units @ $7 per unit per first sale 25 units second purchase 35 units @$8 per units second sale 40 units tird purchase 20 units @$9 per units what is the total value of the ending inventory using a perpetual inventory system with the weighted average costing method?
List the changes in your final sensitivity analysis, and explain why you chose this set of changes and briefly explain what Jordan would need to do to implement each of these changes.
Prior to the effect of tax credits, Eunice’s regular income tax liability is $225,000 and her tentative AMT is $212,000. Eunice has general business credits available of $15,000. Calculate Eunice’s tax liability after tax credits.
Compute the correct net income figure for each of the four years after taking into account the inventory errors.
On June 10, Purcey Company purchased $6,000 of merchandise from Guyer Company, terms 3/10, n/30. Purcey pays the freight costs of $430 on June 11. Goods totaling $700 are returned to Guyer for credit on June 12. On June 19, Purcey Company pays Guyer ..
At the end of 2017, Nash Company has accounts receivable of $915,100 and an allowance for doubtful accounts of $49,900. On January 16, 2018, Nash Company determined that its receivable from Ramirez Company of $7,770 will not be collected, and managem..
If A. ltd Co. entered into a contract with Pakistan leasing company to acquire the asset with down payment of Rs. 30,000, semi-annually payment of Rs. 50,000 and the lease term is 2 years. Then what is the amount of Minimum Lease Payment with respe..
How much interest expense would be reported on the income statement for the year ending December 31, 2014? How would the balance of $375,201.09 at December 31, 2014 be reported on a balance sheet as of that date?
The ledger of Wainwright Company at the end of the current year shows Accounts Receivable $78,000; Credit Sales $810,000; and Sales Returns and Allowances $40,000. If Wainwright uses the direct write-off method to account for uncollectible accounts, ..
The Trailspan Travel Club markets travel books across the United States and Canada. Members of the travel club place orders online through Trailspan’s website, over the phone by calling an 800 number, or by mail. Online orders are entered into the cl..
If Department H had 466 units, 53% completed, in process at the beginning of the period, 5,589 units were completed during the period, and 518 units were 25% completed at the end of the period, what was the number of equivalent units of production fo..
Determine whether the assembly line is impaired, and if so, the amount of the impairment. If there is an impairment, prepare the adjusting journal entry.
In January 2011, Rogers Co. purchased a machine that cost $85,000. The equipment is estimated to have a 5-year life and a salvage value of $15,000. Compute the amount of depreciation expense for 2011 and 2012 using the double declining balance method..
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