User Account

All Pages

What is the profit for the month

Assignment Help Cost Accounting
Reference no: EM133118221

Question - A company had the following inventory transactions during the month of December 2019.

Receipts Issues

Dec. 1 1,000 units @ $10 each Dec. 8 2,300 units @ $25 each

Dec. 5 1,500 units @ $15 each

Dec. 10 1,200 units @ $20 each

What is the profit for the month, if the company used the weighted average (AVCO) method of stock valuation?

a. $22,500

b. $27,600

c. $22,000

d. $25,000

Reference no: EM133118221

Questions Cloud

What is the current bond price : App Store Co. issued 20-year bonds with a face value of $1,000 three years ago at a coupon rate of 6% (semiannual coupon = $30).
Calculate the free stock balance of disney plus : Physical stock balance 1/4 of the free stock balance and Unfilled customers' requests 1,450 units. Calculate the free stock balance of Disney Plus
What is the wacc for the firm : A firm is raising funds by selling a package of equity, debt and preferred stock.
What are the mill rates for each of the taxes : A property is currently assessed at $750,000. The property owner has three separate bills for school taxes, city taxes, and county taxes in the amounts of $3,70
What is the profit for the month : Dec. 1 1,000 units @ $10 each Dec. 8 2,300 units @ $25 each. What is the profit for the month, if the company used the weighted average method
Explain the nature and practice of leadership : Researchers have developed a variety of theories to explain the nature and practice of leadership. Of course, no one theory exists in a vacuum.
Finance staff estimates cost of equity : Sunrise Manufacturing, Inc, a U.S. multinational company, has the following debt components in its consolidated capital section.
How much was the amount paid to complete the transaction : If Zhane Company recognized a gain on this exchange of P160,000, how much was the amount paid to complete the transaction
Highlight the national quality strategy : Explain quality in healthcare from the perspectives of customers, providers, and third-party payers, and highlight the National Quality Strategy.

Reviews

Write a Review

Cost Accounting Questions & Answers

  How many of which kind of wooden swing set

2,000 standards sets plus 2,000 deluxe sets, how many of which kind(s) of wooden swing set(s) should be produced in order to maximize profits?

  What do you understand by the Limiting factor

Total machine hours available: 800,000 hours. What do you understand by the 'Limiting factor'? How is it relevant for deciding the optimal product mix

  Explain the important features of operating costing

Define the concept ‘operating costing'. Mention at least ten activities where operating costing is applicable.

  Calculate the break even point in units using abc costing

Calculate the break even point in units using ABC costing method? inspection $65 with 500 level of activity driver. variable cost per unit $30

  What is the gross margin of kumar sweets

Product costs consist of raw materials, labor, and overhead. What is the gross margin of Kumar Sweets from the 12 sample products?

  Prepare a schedule calculating the total cost per equivalent

Using the weighted average method, prepare a schedule calculating the total cost per equivalent unit for December

  Questionparent corporation purchased land from s1

questionparent corporation purchased land from s1 corporation for 220000 on december 26 20x8. this purchase followed a

  What is the minimum saving in annual operating costs

What is the minimum saving in annual operating costs that must be achieved in order for the president to consider buying the new machine

  Explain the conceptual framework

Describe the specific objectives of financial reporting, explain the relationship between the objectives of financial reporting and explain the Financial Accounting Standards Board (FASB) conceptual framework.

  Calculate the interest expense for each of the three years

The bonds have a life of three years, a face value of $10 00 each, Calculate the interest expense for each of the three years

  What break-even in units and rupees volume would be

If fixed costs rose to Rs. 110,000, break-even in units and rupees volume would be?If the average selling price rose to Rs.16, break even volume would fall

  What percentage completion figure would result

What percentage completion figure would result in increasing the reported net operating income by $62,500 over the net operating income

Free Assignment Quote

Assured A++ Grade

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd