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Question - Blossom Inc had a beginning inventory of 82 necklaces on January 1 at a cost of $121 per necklace. It made these purchases during the year:
March 8: 154 necklaces for $135 per unit
July 9: 116 necklaces for $139 per unit
October 27: 122 necklaces for $142 per unit
On Dec 31, a physical count reveals that there are 107 necklaces in its inventory.
Using the average cost method for inventory costing, what's the cost of goods sold & ending inventory for the year?
Using FIFO, what's the cost of goods sold and ending inventory for the year?
Using LIFO, what's the cost of goods sold and ending inventory for the year?
During the month, the company budgeted to produce 500 puzzles but actually produced 450 puzzles. What is the direct materials variance in this situation
If Leonardo earned an additional $30,000 of taxable income this year, what would be the marginal tax rate (rounded) on the extra income for year 2016?
Transaction analysis various accounts. Prepare an answer sheet with the following column headings.
What Apple Company's Cash and Cash Equivalent is? Money market fund held held at BPI that permits Apple Company to write checks on this fund,P400,000
How much she has to pay at the end of each month over the term of the loan under both loan arrangements and What is the amount of interest payable with the 40th payment under both loan arrangements?
When implementing a packaged Enterprise Resource Planning (ERP) system, many compa- nies report that the module they first install is Financial Accounting.
1. find the net present value npv and profitability index pi of a project that costs 1500 and returns 800 in year one
Prepare an income statement for year ended December, Milan Company had the following activity for the year ended December
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to save for her newborn sons college education lea wilson will invest 1000 at the beginning of each year for the next
Cullumber Capital Ltd. issued 470 $ 1000 bonds at 103. After issuance, similar bonds were sold at 97. Record the retirement using book value method
What is Social Security and what are Social Security taxes used for? Who gets it and who doesn't? Who pays? How much is the tax?
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