Metlock Company manufactures many products for use in the airline industry. Presented below is informa concerning one of its products, the Orbit. Date 1/1 Transaction 10/31 Beginning inventory 3/6 6/26 Purchase 8/2 Purchase Sale Sale Quantity 1,600 1,000 3,500 2,000 4,000 Price/Cost $33 49 35 36 51

24.       answer of part a is $28.9545

As production takes place, all manufacturing costs are added to the: a. Finished-Goods Inventory account. O b. Manufacturing-Overhead Inventory account. O C. Production Labor account. O d. Work-in-Process Inventory account. е. Cost-of-Goods-Sold account. US PAGE NEXT PAGE MAR 18 tv MacBook Air DII F5 F6 F7 F8

r田 1/1 gageNOWv2 | Online teachirs X om/ilrn/takeAssignment/takeAssignmentMan.uo?invoker=&takeAssignmentSessionLocator=&inprogress=false eBook What are the total costs to account for if a company's beginning inventory had $231,430 in materials, $186,360 in conversion costs, and added direct material costs ($4,231,378), direct labor ($2,313,394), and manufacturing overhead ($1,156,704)? Total costs $

Please do not give solution in image format thanku

EXERCISE - INVENTORIES PROBLEM 1 CRITICS Company is a multi-product firm. Presented below is information concerning one of its products, the CarMac. TRANSACTION QUANTITY DATE 01-Jan Beginning Inventory 04-Feb Purchase 20-Feb Sale 02-Apr Purchase 04-Nov Sale 1000 2000 2500 3000 2200 PRICE/COST 12 18 30 23 33 Determine the amount of cost of goods sold and ending inventory if the company is using specific identification. (Assume that in the sale on 2/20, 1,000 units came from the beginning inventory and the rest from the 2/4 purchase. For the sale on 11/4, everything came from the 4/2 purchase.) PROBLEM 2 (Philippine CPALE adapted) On May 6, 2016, a flash flood caused damage to the merchandise stored in the warehouse of Tiwala Lang Company. You were asked to submit an estimate of the merchandise destroyed in the warehouse. The following data were established: 2015 net sales, P8,000,000 matched against cost of P5,600,000. Merchandise inventory, January 1, 2016 was P2,000,000, 90% of which…

4

rmn.3 answer must be in proper format or i will give down vote

ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%25... A ☆ mework i Exercise 6-4 Alternative cost flow assumptions-perpetual inventory system LO2 Sport Box sells a wide variety of sporting equipment. The following is information on the purchases and sales of their top selling hockey stick. The hockey stick sells for $130. Description Mar. 1 Beginning Inventory JESTE Mar. 3 Purchase Mar. 6 Purchase Mar. 17 Sale Mar. 23 Purchase Mar. 31 Sale Units 1. FIFO 2. Moving weighted average 24 69 119 64 68 158 Unit Cost Cost of Goods Sold $ 49 $ 54 $59 $59 Required: Calculate the cost of goods sold and ending inventory under the perpetual inventory system using the following methods. (Do not round your "Unit Cost" answers. Round all other intermediate and final answers to nearest whole dollar.) Saved Ending Inventory Help

Ra Subject: acounting