What is the value of ending inventory

Assignment Help Finance Basics
Reference no: EM132528157

The Bradley corporation produces a product with the following costs a of July 1, 20x1:

material : $1 per unit

labor 3 per unit

overhead 2 per unit

beginning inventory at these costs on July 1 was 3,300 units. From July 1 to December 1, 20X1, Bradley Corporation produces 12,600 units. These units had a material cost of $5, labor of $6, and overhead of $4, per unit. Bradley uses LIFO inventory accounting.

a. Assuming that Bradley Corporation sold 14,200 units during the last six months of the year at $20 each , what is the gross profit?

b. What is the value of ending inventory?

Reference no: EM132528157

Questions Cloud

Claims of job stress in the work environment : How would you go about validating their claims of job stress in the work environment?
How much overhead was applied to production during the year : All materials purchased were used during the year. How much overhead was applied to production during the year
Compute the amount owed on the mortgage : The mortgage carries an interest rate of 10 percent. Compute the amount owed on the mortgage after the first payment
Report and presentation on mainframe computers : Need report and presentation on mainframe computers. JUST REPORT AND PRESENTATION
What is the value of ending inventory : The Bradley corporation produces a product with the following costs a of July 1, 20x1:
What information would the tool yield in an investigation : Considering the text and your own research on Windows Registry Forensics tools, discuss a specific tool of your choice.
What is the total rate of return on the stock : A stock is selling for $60 per share. At the end of the year, it pays a dividend of $3 per share and sells for $66.
Prepare the necessary journal entries related to the stock : Required - Prepare the necessary journal entries related to the stock option plan for the years ended December 31, 2017 through 2020
Find the approximate internal rate of return : Determine the approximate internal rate of return. Compute (1) the cash payback period and (2) the annual rate of return on the proposed capital expenditure.

Reviews

Write a Review

Finance Basics Questions & Answers

  You are the senior financial analyst at a mid-sized

you are the senior financial analyst at a mid-sized manufacturing firm in the chicago area. your supervisor the vp of

  What would be fern component cost of preferred stock

Fern has preferred stock selling for 94.0 percent of par that pays an 9.0 percent annual coupon. What would be Fern's component cost of preferred stock?

  What is npv

We should recall that, when we discounted the cash flows of the Billingsgate Battery Company machine investment opportunity at 20 per cent, we found that the NPV was a positive figure of £24,190 (see p. 345).

  What is the primary purpose of expansion projects

What is the primary purpose of expansion projects and replacement projects? How do they differ from one another?

  What is the risk premium and expected total return

If built property has a 4% risk premium in its expected total return (9% total return), what is the risk premium and expected total return for the land parcel?

  How would you expect a weakening home currency

How would you expect a weakening home currency to affect the home country's current account, all other things being equal?

  What is the effective annual interest rate on given loan

In exchange for a $570 million fixed commitment line of credit, your firm has agreed to do the following: 1. Pay 1 percent per quarter on any funds actually.

  Which form of business organization that is sole proprietors

Which form of business organization that is Sole proprietorship, Partnership and Corporation can potentially face agency problems

  Conducting a five-year financial statement forecast

Conduct a 5-year financial statement forecast of Abbvie. In the short memo, provide an explanation of the basis for your indentification of the most important forecasting parameters and the logic behind the values you assigned to each parameter.

  Discuss preferred stock features with its description

Equinox Outdoor Wear issues 1,000 shares of its $0.01 par value preferred stock for cash at $22 per share. Record the issuance of the preferred shares.

  Minute for calls made on weekdays

Nick's telephone company charges $ 0.06 per minute for weekend calls and $ 0.08 per minute for calls made on weekdays.

  Suppose the december cbt treasury bond futures contract

suppose the december cbt treasury bond futures contract has a quoted price of 103-18. if annual interest rates go up

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!

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