Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Beginning inventory on March 1 consisted of 2,000 units each costing $11.20 .
During March, the following was purchased for inventory:
Date
Purchase
March 5
2,800 units at a cost of $12.20 each
March 10
4,900 units at a cost of $11.70 each
March 14
2,700 units at a cost of $11.85 each
March 22
2,400 units at a cost of $11.95 each
March 28
4,700 units at a cost of $12.05 each
During March, the following was sold from inventory:
Sales
March 3
1,900 units at a price of $22.40 each
March 12
6,200 units at a price of $24.40 each
March 17
3,200 units at a price of $23.70 each
March 21
400 units at a price of $23.70 each
March 25
2,700 units at a price of $23.90 each
March 31
4,500 units at a price of $24.10 each
Instructions:
Compute the cost of goods sold and the ending inventory value as of March 31 under each of the following assumptions:
1. Periodic Inventory Method
a) FIFO
b) LIFO
c) Weighted Average
2. Perpetual Inventory Method
What are the benefitss and drawbacks of standard costing?
behavioral aspect of standard costing
Standard Cost It is especially serious that you establish a link between standard budgets and costs. At this point, you require putting in your mind to standard costs one the
Assumptions of CVP This chapter has given information on how to apply CVP for the business analysis. Most of this analysis is keyed to the model of how profitability is impacte
QUESTION 1: PART A Swatathon Inc. has two production departments (A and B) and two service departments (maintenance and stores). Details of next year's budgeted overheads
Determine the Absorption Rate of Overheads The budgeted production overheads and other budgeted data of compute are given as: Budget Overhead cost for the period = Ks
using relevant examples discuss the meaning and scope of cost accounting
priple of accounting
The following data is available regarding costs and units: Observation Machine-hours Total Operating Costs January 4,000 $45,900 February 5,000 52,500 March 3,400 44,025 April 4,40
Win Corporation sells a single product. Budgeted sales for the year are anticipated to be 609,725 units, estimated beginning inventory is 107,791 units, and desired ending inventor
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!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd