Homework Answers
| Apportioned cost | ||||||
| Grade | No of lots | Selling price | Total revenue | % of total Sales | Total | Per Lot |
| Highland | 20 | 131000 | 2620000 | 20% | 1170000 | 58500 |
| Midland | 40 | 98250 | 3930000 | 30% | 1755000 | 43875 |
| Lowland | 100 | 65500 | 6550000 | 50% | 2925000 | 29250 |
| 160 | 13100000 | 5850000 | ||||
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Cullumber Realty Company purchased a plot of ground for $1,500,000 and spent $4,350,000 in developing it...
G. Doran realty company purchased a plot of ground for 1,900,000 and spent 4,100,000 in developing...
G. Doran realty company purchased a plot of ground for 1,900,000
and spent 4,100,000 in developing it for building lots. The lots
were classified into Highland, Midland, and lowland grades to sell
at 120,000, 90,000 and 60,000 each respectively. Comple the table
to allocate the cost of the lots using a realtive sales value
method.
PRUBLEM G: Doran Realty Company purchased a plot of ground for $1,900,000 and spent $4,100,000 in developing it for building lots. The lots were classified...
1. Doran Realty Company purchased a plot of ground for $1,900,000 and spent $4,100,000 in developing...
1. Doran Realty Company purchased a plot of ground for $1,900,000 and spent $4,100,000 in developing it for building lots. The lots were classified into Highland, Midland, and Lowland grades, to sell at $120,000 $90,000, and $60,000 each, respectively. (5points) Instructions Complete the table below to allocate the cost of the lots using a relative sales value method. No. of Selling Total % of Apportioned Cost Grade Lots Price Revenue Revenue Total Per Lot Highland 20 Midland 40 Lowland 100...
F. Aber company manufactures one product . On dec 31,2016 Aber adopted the dollar value LIFO...
F. Aber company manufactures one product . On dec 31,2016 Aber
adopted the dollar value LIFO Inventory method. The inventory on
that date using the dollar value LIFO inventory method was $900,000
Inventory data are as follows:
Year Inventory at year end prices Price index (base year
2016)
2016 . 900,000 1.00
2017 . 1,260,000 1.05
2018 . 1,840,000 1.15
2019 1,900,000 1.25
F1. Compute the inventory at december 31, 2017, 2018, 2019 using
the dollar value lifo method for...
G. Doran realty company purchased a plot of ground for 1,900,000
and spent 4,100,000 in developing it for building lots. The lots
were classified into Highland, Midland, and lowland grades to sell
at 120,000, 90,000 and 60,000 each respectively. Comple the table
to allocate the cost of the lots using a realtive sales value
method.
PRUBLEM G: Doran Realty Company purchased a plot of ground for $1,900,000 and spent $4,100,000 in developing it for building lots. The lots were classified...
1. Doran Realty Company purchased a plot of ground for $1,900,000 and spent $4,100,000 in developing it for building lots. The lots were classified into Highland, Midland, and Lowland grades, to sell at $120,000 $90,000, and $60,000 each, respectively. (5points) Instructions Complete the table below to allocate the cost of the lots using a relative sales value method. No. of Selling Total % of Apportioned Cost Grade Lots Price Revenue Revenue Total Per Lot Highland 20 Midland 40 Lowland 100...
F. Aber company manufactures one product . On dec 31,2016 Aber
adopted the dollar value LIFO Inventory method. The inventory on
that date using the dollar value LIFO inventory method was $900,000
Inventory data are as follows:
Year Inventory at year end prices Price index (base year
2016)
2016 . 900,000 1.00
2017 . 1,260,000 1.05
2018 . 1,840,000 1.15
2019 1,900,000 1.25
F1. Compute the inventory at december 31, 2017, 2018, 2019 using
the dollar value lifo method for...
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