Questions 5 Marks Sapphire Events records supplies using bin cards. Bin #12 shows: beginning 150 units, added 300 units, used 380 units. Physical count shows 60 units. Calculate units unaccounted for.
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- Question 1: Calculate the cost of material available for use, cost of material issued and cost of material ending under FIFO and LIFO methods (periodic system). Also give the journal entries under each of the method. Date Details Units Cost per unit Rs. Total Cost Rs Jan 01 Beg Inventory 20 10 200 Jan 05 Purchases 50 11 550 Jan 06 Issued 30 Jan 09 Purchases 40 12 480 Jan 15 Purchases 20 13 260 Jan 20 Issued 60 Jan 28 Purchases 10 15 150Calculate the cost of material available for use, cost of material issued and cost of material ending under FIFO and LIFO methods (periodic system). Also give the journal entries under each of the method. Date detail Units cost per unit Rs. Total cost Rs. Jan 1 beg inventory 20 10 200 Jan 5 Purchases 50 11 550 Jan 6 issued 30 Jan 9 Purchases 40 12 480 Jan 15 Purchases 20 13 260 Jan 20 Issued 60 Jan 28 Purchases 10 15 150Find the missing inventories
- 4. Complete the following grid. Submit your answers in a grid/table. Original Retail $20.00 $22.50 $3,999.00 $0.49 Markdown Percent 25% 35% 20% 50% Marked Down Retail $17.55 $16.88 $0.44 $9.99 Units Marked Down 645 249 98 5 1,649 20 Total Markdown Dollars Round percentages to one decimal place; round dollars to two decimal places. Markdown percent is a percentage of retail.Fill out the following MRP record. The lot size is 60 units and the units on hand are 100 units. The lead time between order placement and receipt is 1 periods. How would the MRP record change once the period 1 passed and it is period 2 currently? Provide a MRP record starting on period 2.Revise your calculations based on the new information provided below and then answer the questions that follow. Number of Units 4,800 4,100 2,500 2,700 Inventory Item A Item B Item C Item D Unit Cost Unit NRV $29 $28 54 60 55 28 52 25 Required: 1. Based on the new information, prepare the journal entry required: 2. Change the Unit Cost for Item A to $30 and prepare the journal entry required:
- A customer service department has the following resolution response time data: Average Response Time First contact Service scheduling Wait for service Service 0.25 hr. 0.50 hr. 24.00 hrs. 1.50 hrs. 26.25 hrs. Total resolution time What is the value-added ratio (rounded to one decimal place) in this process? Oa. 8.6% Ob. 91.4% Oc. 28.6% Od. 5.7%PROBLEM 11: The following information has been extracted from the records of CCCCompanyabout one of its products: Number Unit Date Transaction of Units Cost 1/1 Beginning balance 1,600 P 14.00 1/6 Purchased 600 14.10 2/5 Sold at P24.00 per unit 2,000 3/19 Purchased 2,200 14.70 3/24 Purchase returns 160 14.70 4/10 Sold at P24.20 per unit 1,400 6/22 Purchased 16,800 15.00 7/31 Sold at P26.50 per unit 3,600 8/4 Sales returns at P26.50 per unit 40 9/4 Sold at P27 per unit 7,000 11/15 Purchased 1,000 16.00 12/28 Sold at P30 per unit 6,200 Compute for the closing inventory and cost of sales under the FIFO periodic methodandthe FIFO perpetual method. Compute for the closing inventory and cost of sales under the weighted averageperiodic method and the moving average method. Compute for the closing inventory and cost of sales under the LIFO periodic methodandthe LIFO perpetual method.The following table lists the components needed to assemble an end Item, lead times (In weeks), and quantitles on hand. Amount on Hand Item Lead Time Direct Components End L(2), C(1), K(3) B(2), (3) G(2), B(2) H(4), B(2) 6. C. K. 4. 13 4' 18 33 4 26 4. H. Click here for the Excel Data Fle 6. If 43 units of the end Item are to be assembled, how many additional units of B are needed? (Hint You don't need to develop an MRP plan.) Additional units
- Use the following data to prepare card store by using Fifo method, Lifo method and av. cost : 1-1/6 The balance ( 30 ) unit in price ( 1000 )D. To unit. 2-2/7 Purchase ( 50 Junit in price (1100 )D. To unit . 3-7/8 Expend ( 40 Junit to the production. 4-11/9 purchase ( 35 )unit in price ( 1130 )D. To unit . 5-14/9 Expend ( 35 )unit to the production . 6-17/10 Purchase ( 25 ) unit in price (1135 )D. to unit.please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image)vurnng uie ITOTIT OI Jaliuat y, ve VIU LUIIPally WICIT uses a perpCludi iiventury system recorded the following information: Units Units Cost Total Cost Units On Hand 1,000,000 1.800,000 10,000 16,000 Balance on 1/1 10,000 100 Purchased on 1/7 6,000 300 7.000 11.000 Sold on 1/20 9,000 Purchased 1/25 4,000 50 2.000,000 Under the moving average method, what amount should De Oro report as inventory on lenuany 31?
