1.How much is the inventory write-down for the raw materials?
Q: The GMA corporation shows the folowing data related to an item of Inventory Inventory, January 1 100…
A: Cost of goods available = (100 x P50) + (300 x P54) + (90 x P60) = P26,600
Q: The Sterling Company shows the following information relating to one of its raw materials.…
A: Inventory:- The term inventory includes the raw material, that is used for the production of goods…
Q: Assuming that net purchases cost R250 000 during the year. The closing inventory was of R4 000, and…
A: Answer purchases cost = R250 000 closing inventory = R4 000 Opening inventory = R30,000
Q: The following information is available: Cost of goods sold $1,000,000 Sales $500,000 Sales…
A: Ending Inventory = Cost of Goods Sold + Gross profit - Net Sales Note : Net Sales = Sales - Sales…
Q: The balance of work in process inventory account as of December 31, of the current year of Purewood…
A: Cost of inventory = P480,000 Selling price = P450,000 Completion cost = P10,000 Cost to sell =…
Q: What is COGS and cost of ending inventory in the company using average costing method where 4.000…
A: No. of units sold = No. of units purchased - no. of units in ending inventory = 4000 - 400 = 3600…
Q: Information on Entity A's inventory of Product A is as follows: Cost formula Total Cost P 58,650…
A: The weighted average cost per unit will be equal to total beginning inventory & purchases…
Q: Childish Company has a cost card in relation to an inventory: 700,000 180,000 40,000 60,000 330,000…
A: Inventory cost = Materials + Irrecoverable purchase taxes + Production labor costs + Production…
Q: l profit margin 2,400 a. Determine the net realizable value under the LCNRV rule. b. Determine…
A: Net Realizable Value: It refers to the amount which is expected to be collected by the firm from…
Q: If ending inventory is understated by $25,000, what effect will this have on cost of goods sold and…
A: Formula: Cost of goods sold = Beginning inventory + Purchases - Ending Inventory.
Q: -The EUP is 20,500 units. Cost incurred during the period is P56,250 while the cost of the beginning…
A: Solution: Equivalent units of production = 20500 Beginning inventory cost = P10,750 Cost incurred…
Q: Auge Company annually purchases 1,000 tons of raw material at a cost of $100,000 with terms of 2/10,…
A: The net purchase (NP) amount is calculated by finding the difference between the gross purchase…
Q: ALOHA Company determined the following information for an inventory at year end. Historical Cost P…
A: Inventory at year end = Lower of Cost or Net realizable value where, Net realizable value =…
Q: Given the following: Numberpurchased Costper unit Total January 1 inventory 40 $4 $160…
A: Finished goods inventory: These inventories are completely ready for sale after the completion of…
Q: What is COGS and cost of ending inventory in the company using average costing method where 4.000…
A: Cost of goods sold means cost of inventory which is sold during the particular period of time.…
Q: National Company wrote off P200,000 in obsolete inventory. The company's inventory urnover ratio…
A: Solution: Inventory Turnover ratio is computed as cost of goods sold divided by the average…
Q: The total value of ending inventory at the end of the quarter is: a. 1,140,000 b. 750,000 c.…
A:
Q: Given the following: Numberpurchased Costper unit Total January 1 inventory 40 $4 $160…
A: Given information Date units per unit cost Amount ($) 1-Jan 40 $4 $160 1-Apr 60 $7 $420…
Q: If beginning inventory is $40,000, purchases are $215,000, and ending inventory is $35,000, what is…
A: Cost of goods sold (COGS) refers to the direct costs of producing the goods sold by a company. This…
Q: Tristan, Inc., uses the LIFO cost-flow assumption to value inventory. It began the current year with…
A: Last in first out (LIFO) method of inventory valuation gives preference to value of inventory…
Q: Rizza Co. has an average age of inventory equal to 25 days. If its end of year inventory level is…
A: Inventory days is a concept in costing that shows how much time it takes the firm to sale its…
Q: The cost of goods sold was computed at P12.250. Total sales for the year were P42.950, of which…
A: Introduction: Inventory turnover ratio: Division of Average inventory with cost of goods sold…
Q: At year-end, Julie Company reported ending inventory at P3,000,000, and the allowance for inventory…
A: Total Historical cost of inventory = P3,000,000 Total Replacement cost of inventory = P3,700,000…
Q: Compute for the cost of ending inventory using average cost retail method. " The following…
A: Inventory that is left after the sale is known as ending inventory.
Q: Gem Company measured inventory at the lower of cost and net realizable value. Data regarding the…
A: Lower of cost and net realizable method includes the reporting of the inventory at the cost…
Q: BestSell Auctions carries an average inventory equal to $100,000. The company's cost of goods sold…
A: Given the following information: Average Inventory: $100,000 Cost of goods sold: $1,500,000
Q: Where opening inventory of 50 units of finished goods are valued at $10 each and the average unit…
A: Among the given options, FIFO and Weighted average are the methods of inventory valuation. Under…
Q: Of the 1,600 units sold during the period, 300 were from the beginning inventory; 500 from the first…
A: Given:
Q: The cost of Product E sold for the year ended July 31,2021 is: d. P1,350,000 b. P1,440,000 c.…
A: As per NRV method, the net realizable value at split off point is used to allocate the joint cost.
Q: Royal Crown Corp. has the following information to an inventory: Materials -P800,000; Storage cost…
A: Note: Delivery to customers charges will not be included in the inventory cost. These expense are…
Q: he cost per unit of inventory is P5, and the carrying cost is 10% of the average value c ory. The…
A: The cost of carrying the inventory is cost of storing the inventory and carrying the inventory. Is…
Q: Based on the following data, estimate the cost of the ending inventory: Sales $9,250,000 Estimated…
A: Cost of goods sold = Sales - Gross profit = $9,250,000 - $9,250,000*36% = $5,920,000
Q: 8. Celine Company provided the following data relating to an inventory item. Total cost 1,000,000…
A: Under Moving Average inventory valuation method, the average cost of each inventory item in stock is…
Q: sing the gross profit method with the following cost data, estimate the cost of ending inventory.…
A: Ending inventory is the value of inventory remaining unsold at the end of the period. The inventory…
Q: Boyne Inc. had beginning inventory of $24,000 at cost and $20,000 at retail. Net purchases were…
A: Formulas: Cost to retail ratio=Balance at costBalance at retail
Q: May Company has ending finished goods inventory of P40,000.00, beginning finished goods inventory…
A: Solution.. Ending finished goods inventory = P40,000 Beginning Finished goods inventory = P55,000…
Q: So what was the cost of products sold and ending inventory under (4) LIFO, (5) FIFO, and (6) Average…
A: LIFO Method Date Purchase Cost of goods sold Balance Inventory Quantity Cost per Unit (In…
Q: Consider the following information: Units Cost per unit Total costs Goods in inventory at…
A: Under Weighted average cost method, value of ending inventory and cost of goods sold is calculated…
Q: If net sales are $300,000, cost of goods available for sale is $280,000, and gross profit…
A: Definition: Merchandise Inventory: Merchandise is the stock of goods bought by a wholesaler, or a…
Q: The following information relates to a company’s year-end inventory: Cost of inventory OMR 1880;…
A: As per IAS 2, Inventory should be valued at the lower of the followings. Cost NRV [Net realizable…
Q: Cinco Company determined the following information for an inventory at year-end: P2,000,000…
A: Inventory is reported at lower of historical cost and net realizable value. Net realizable value is…
Q: Karen Company repoted the following information for the current year: Beginning inventory…
A: 1) Calculation of Cost of goods available for sale Particulars P P Beginning…
Q: If the estimated rate of gross profit is 30%, what is the estimated cost of the inventory on…
A: Inventory accounting is the method of accounting that deals with the valuation and reporting of…
Q: A company uses the Economic Order Quantity (EOQ) model to establish reorder quantities. The…
A: We have the following information: Order costs = $25 per order Holding costs = 10% of purchase…
Q: Pertaining below is information pertaining to Polyphemos Corporation: Cost P 24,000 190,000 26,000…
A: In the Average cost method of inventory valuation, the Cost-to-retail percentage is computed for all…
Q: Consider the following information for costing purposes: Sales P80,000; Opening Inventory P10,000;…
A: Cost of goods sold in the business means total cost of goods that are being sold to the ultimate…
Q: Webster Company uses the average retail method of inventory valuation. Following are the information…
A: Cost to retail ratio = P143000/ P300000) * 100 = 47.6667%
cost of sales before any adjustments to the inventory was P 450,000.
1.How much is the inventory write-down for the raw materials?
a. 35,000
b 15,000
c. 25,000
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- A FinRatioExercise Intro.xls - Compatibility Mode AutoSave or ome Page Layout Formulas Data Review View O Tell me Insert Draw E Insert v Arial v 10 • A A 29 Wrap Text v General 5 Delete v E E= E E $ v % 9 Conditional Format Formatting as Table Styles Cell BIUV 出。 Paste E Merge & Center v A Format v 07 fx A B D E F G H J K M Comp Sales Rev COGS $137 $159 $133 GrossProfit GPMarg $67 $78 $68 ROE Debt/Eg ICurrentAssiCurrentLiablCurrRatio shares EPS $78 Net Profit TotLiab Equity $145 $164 $168 $138 $176 2 $95 $20 $25 65 3 B 4 C 5 D 6 $237 $189 $211 $179 $114 $118 $88 $126 60 $18 $23 $12 $77 $69 $74 $62 60 $128 $113 $51 $62 60 $140 60 7 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 Sheett Sheet2 Sheet3 Ready MacBook Pro esc BI U ily く ※ %23 2$ & 2 4. 7 8. W E Y. U A H. K C V T SIAutoSave O Off PB Financials.xlsx - Excel Sign in File Home Insert Page Layout Formulas Data Review View O Tell me what you want to do A Share P Comments 2 AutoSum - Calibri - 11 - A A" 22 Wrap Text General Fill - $ - % 9 00 Conditional Format as Cell Formatting Table BIU - H - - A - EEE E E E Merge & Center - Sort & Find & Paste Insert Delete Format Styles O Clear Filter Select Clipboard Font Alignment Number Styles Cells Editing C17 fe A В G H K M N P R V X Y 廟 Precision Building 1 2 Workshop Cost Per Person 3 Workshop Cost for each Number of ID Туре participant participants Total cost Kitchen $ $ 01-KT 25 41 1,025 6 Bathroom 02-BT 03-BD 20 33 660 7 Bedroom $ 20 19 380 Laundry Room Living Room/Great Room Game Room 8 04-LD 10 15 150 05-LR 25 25 625 10 06-GR 15 13 195 11 07-CL Closet Intervention $ 10 28 $ 280 12 08-WL IWall Décor Lighting 15 14 210 13 TOTAL COSTS $ 3,315 14 Cost includes facility rental, food, beverages, workbook, promotional materials, staff 15 time, samples, etc. 16…AutoSave Off H Document2 - Word P Search (Alt+Q) Sign in File Design References Mailings Review View Help Grammarly Picture Format P Comments A Share Home Insert Draw Layout P Find - - A A Aa v A = - E - E G Times New Roman v 12 Normal No Spacing Heading 1 Replace = = 1E v Editor Open Grammarly Paste BIU I U v - 2. A - ab x, x' A . A Select v Undo Clipboard a Font Paragraph Styles Editing Editor Grammarly a. At the beginning of the year, Addison Company's assets are $200,000 and its equity is $150,000. During the year, assets increase $80,000 and liabilities increase $46,000. What is the equity at year-end? Assets Liabilities Equity Beginning $ 200,000 = 150,000 Change 80,000 = 46,000 + Ending Page 1 of 1 O words Text Predictions: On * Accessibility: Good to go O Focus 110% 9:58 PM P Type here to search 49°F 3/20/2022 近
- File Home Insert Page Layout Formulas Data Review View Help A Share P Comments E Insert v Calibri - A A ΞΞ ab Wrap Text v 11 General 5* Delete v LE Paste $ - % 9 Analyze Sensitivity BIU V A = E E E E E Merge & Center - Conditional Format as Cell Sort & Find & .00 Formatting v Table Styles v H Format v Filter v Select v Data Clipboard Font Alignment Number Styles Cells Editing Analysis Sensitivity L24 fe A B D E F G H K M 21 22 23 OUTPUT 24 25 26 Balance Sheet 27 Assets 2018 Change Source Operating Investing Financing Additional Input Data for 2019: 2019 Use 20.00% $ 4,900 $ 2,500 28 Cash 12,000 $ 10,000 Effective Tax rate %3D 29 Accounts Receivable 30 Inventory 31 Net Property, Plant & Equipment 32 Total Assets 3,000 $ 4,200 Stock dividends paid %3D 2,000 $ 1,500 Depreciation Expense %3D 10,700 $ 12,000 %3D 27,700 $ 27,700 33 34 Liabilities & Stockholders' Equity 35 Accounts Payable 36 Accrued Expenses 37 Long-term Note Payable 2,000 $ 2,700 500 $ 600 %3D 3,500 $ 7,500 %3D 38 Total…AutoSave Off H Document2 - Word P Search (Alt+Q) Sign in File Design References Mailings Review View Help Grammarly P Comments A Share Home Insert Draw Layout P Find - G Times New Roman v 12 A A Aa v := v E v v Normal No Spacing Heading 1 Replace Editor Open Grammarly Paste I U v ab x, x A - 2. A - E E E - A Select v Undo Clipboard Font Paragraph Styles Editing Editor Grammarly The following transactions were completed by the company. a. The company completed consulting work for a client and immediately collected $6,800 cash earned. b. The company completed commission work for a client and sent a bill for $5,300 to be received within 30 days. c. The company paid an assistant $2,050 cash as wages for the period. d. The company collected $2,650 cash as a partial payment for the amount owed by the client in transaction b. e. The company paid $960 cash for this period's cleaning services. Required: Enter the impact of each transaction on individual items of the accounting equation. (Enter…AI - E H E AutoSave Normal Document1 - Word Search badiya aldujaili ff BА EN File Home Insert Draw Design Layout References Mailings Review View Help A Share O Comments X Cut Calibri (Body) 11 - A A Aav A E E AaBbCcDc AaBbCcDc AaBbC AABBCCC AaB AAB6CCC AaBbCcDa O Find - A Copy Paste S Replace В IUvab х, х* А I Normal 1 No Spac. Heading 1 Heading 2 Title Subtitle Subtle Em.. A Select v Dictate Editor Format Painter Clipboard Font Paragraph Styles Editing Voice Editor 1. 2 4 7 Use the following information to answer the next 3 questions Kite Corp. manufactures custom cabinets and uses a job-order costing system. The company had two jobs in process at the beginning of October: Job No. 64 with a total beginning cost of $56,700 and Job No. 65 with a total beginning cost of $83,300. The company applies manufacturing overhead on the basis of machine hours. Budgeted overhead and machine activity for the year were anticipated to be $3,021,000 and 57,000 machine hours. The company worked on four…
- AI - E H E AutoSave Normal Document1 - Word Search badiya aldujaili ff BА EN File Home Insert Draw Design Layout References Mailings Review View Help A Share O Comments X Cut Calibri (Body) 11 - A A Aav A E E AaBbCcDc AaBbCcDc AaBbC AABBCCC AaB AAB6CCC AaBbCcDa O Find - A Copy Paste S Replace В IUvab х, х* А I Normal 1 No Spac. Heading 1 Heading 2 Title Subtitle Subtle Em.. A Select v Dictate Editor Format Painter Clipboard Font Paragraph Styles Editing Voice Editor 1. 2 4 7 Use the following information to answer the next 3 questions Kite Corp. manufactures custom cabinets and uses a job-order costing system. The company had two jobs in process at the beginning of October: Job No. 64 with a total beginning cost of $56,700 and Job No. 65 with a total beginning cost of $83,300. The company applies manufacturing overhead on the basis of machine hours. Budgeted overhead and machine activity for the year were anticipated to be $3,021,000 and 57,000 machine hours. The company worked on four…File Home Insert Page Layout Formulas Data Review View Automate Help Analytic Solver Comments Share Paste Clipboard E9 A B Arial BIU 10 - Α' Α' A Font Alignment Б Insert Σ General Delete $-% 08-08 Number Conditional Format as Cell Formatting Table Styles Styles Format Sort & Find & Filter Select Sensitivity Add-ins Analyze Data Cells Editing Sensitivity Add-ins Show ToolPak Commands Group D E F G H M N 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 Problems 1. Build a data table to explore potential total savings based on annual contributions from $2,000 to $10,000 in $2,000 increments, using interest rates from 3.0% to 8.0% in 1.0% increments. Use 30 years as the term. Retirement Savings Four-for-Four Doubles Calculator Credit Score 100% Ready Accessibility: Good to goAI - E H E AutoSave Normal Document1 - Word Search badiya aldujaili ff BА EN File Home Insert Draw Design Layout References Mailings Review View Help A Share O Comments X Cut Calibri (Body) 11 - A A Aav A E E AaBbCcDc AaBbCcDc AaBbC AABBCCC AaB AAB6CCC AaBbCcDa O Find - A Copy Paste S Replace В IUvab х, х* А I Normal 1 No Spac. Heading 1 Heading 2 Title Subtitle Subtle Em.. A Select v Dictate Editor Format Painter Clipboard Font Paragraph Styles Editing Voice Editor 1. 2 4 7 Use the following information to answer the next 3 questions Kite Corp. manufactures custom cabinets and uses a job-order costing system. The company had two jobs in process at the beginning of October: Job No. 64 with a total beginning cost of $56,700 and Job No. 65 with a total beginning cost of $83,300. The company applies manufacturing overhead on the basis of machine hours. Budgeted overhead and machine activity for the year were anticipated to be $3,021,000 and 57,000 machine hours. The company worked on four…
- AutoSave Off H Document2 - Word P Search (Alt+Q) Sign in File Design References Mailings Review View Help Grammarly P Comments A Share Home Insert Draw Layout - 11 P Find - G Calibri (Body) A A Aa v E v E v - v Normal No Spacing Heading 1 Replace Editor Open Grammarly Paste BIU. v ab x, x' A . - I v v A = = E v A Select v Undo Clipboard Font Paragraph Styles Editing Editor Grammarly Required information Use the following information for exercise 15 to 18 LO P2 [The following information applies to the questions displayed below.] On October 1, Ebony Ernst organized Ernst Consulting: on October 3, the owner contributed $83,010 in assets to launch the business. On October 31, the company's records show the following items and amounts. Cash Accounts receivable $ 930 $14,890 Cash withdrawals by oumer 12,820 Consulting revenue 2,290 Rent expense 45,960 Salaries expense 16.900 Telephone expense 7,678 Miscellaneous expenses 83,810 12,820 Office supplies 2,530 5,780 Land Office equipment…THST - Indepen - Indepen ECON - Chrome File Edit View History Bookmarks Profiles Tab Window Help - FIN - Midterm - Quizzes Compan Writing a POLS - Unit 8 di Quiz 3- - Memoral HROB Week 7 ( · Persona Week 8 ( - Week 9 a ← 000 100 101 → C möbius S SW SW SW SW SN SW 1 point Question 2 uoguelph.mobius.cloud/modules/unproctored lalalalalalalal FIN*2000.01/02/DE Introduction to Finance W24 Nancy Bower Assignment 7B - Graded Assignment 7B - Graded Screen Shot 202....png O 65 Tuyu v 45 finit ● THULONT 127 FI P|ChCh Ch|Ch|Ch| C HROB - Week 8....pdf Test.QuestionSheet Enter your response below. Number % FEB 28 tv Submit Assignment Si D2L H i اله mx Consider a firm that has a debt-equity ratio of 1. The rate of return for debt is 9% and the rate of return for equity is 13%. The corporate tax rate is 36%. What is the weighted average cost of capital? Enter your answer as a percentage and rounded to 2 DECIMAL PLACES. Do not include the percentage sign in your answer. SCh Chib A Gh+ Quit & Save Help…F. 6788 View Insert Format Tools Data Window Help Excel File Edit Project4b.xls Compatibili ... AutoSave OFF Formulas Data Review View O Tell me Home Insert Draw Page Layout v 11 v A A 22 Wrap Text v General Calibri (Body) Merge & Center v Paste 网 四 一 即 体 加 6 % $ ,田|^n Ia Q8 K G W B. 1 Problem 2- Prepare a vertical analysis schedule 3 Here is the operating data for Yalis Cleaning, Inc.: 2021 2020 Service revenue $ 523,000 $ 476,000 385,500 34,375 Net income $ 103,125 $ 117,150 319,800 Operating expenses Income tax expense 39,050 6 10 Purpose 11 The purpose of this problem is to demonstrate an understanding of preparing a vertical analysis schedule. 12 13 Instructions 14 After analyzing the transactions, prepare a vertical analysis schedule for the company for 2021 and 2020 using service revenue 15 as the base amount. Round percentages to two decimal places. 16 17 Guidance 18 For formatting guidance, see the vertical analysis examples that are provided in Chapter 13 of the textbook. 6T…