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471 48 49 Exercise K A company purchased 1,000 units of a product at $ 12.00...
During the year, TRC Corporation has the following inventory transactions. Date Transaction Number of Units Unit...
During the year, TRC Corporation has the following inventory transactions. Date Transaction Number of Units Unit Cost Total Cost Jan. 1 Beginning inventory 59 $ 51 $ 3,009 Apr. 7 Purchase 139 53 7,367 Jul. 16 Purchase 209 56 11,704 Oct. 6 Purchase 119 57 6,783 526 $ 28,863 For the entire year, the company sells 445 units of inventory for $69 each. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. Using LIFO, calculate...
G F D C B A Name: M4 Assignment: Periodic System Inventory Cost Flows 1 show...
G F D C B A Name: M4 Assignment: Periodic System Inventory Cost Flows 1 show how you arrived at your answers, with Canvas. Enter your answers in the spaces provided below. Be sure t Excel formulas or calculations by hand. Submit your assignment to the M4 assignment page 4 Ein Company began operations in February 2013. Ein's accounting records provide the following data for the remainder 5 2013 for one of the items the company sells. 6 7 Extended...
Page Layout Formulas Draw Data Review View Developer ome Insert insart Calibri (Body) AA Wrap Text...
Page Layout Formulas Draw Data Review View Developer ome Insert insart Calibri (Body) AA Wrap Text General 11 Delete A BIU Conditional Format Formatting as Table Styles Cel Sort & Fiter Paste S % CMerge&Center Format X 17 A C P E M H Exercise ikettle Company made the following purchas of Product Ain its first year of cpereions Unit Unit Cost January 2 March 31 July 5 November 1 1,400h 7.40 1,200h 7.00 2,400 1800 760 8.00 The ending...
H. A. D. 1 Exercises 2 Exercise C 3. 4 Fine Company purchased a heavy machine...
H. A. D. 1 Exercises 2 Exercise C 3. 4 Fine Company purchased a heavy machine to be used in its factory for $ 720,000, less a 2 per cent cash discount. The company paid a fine of $ 3,600 because an employee hauled the machine over city streets without securing the required permits. The machine was installed at a cost of $ 21,600, and testing costs of $7,200 were incurred to place the machine in operation. Prepare a schedule...
answers in yellow tab must be in formula mode no numbers thanks! Better Bottles, Inc. uses...
answers in yellow tab must be in formula mode no numbers
thanks!
Better Bottles, Inc. uses a periodic inventory system and has provided its current inventory information. The Controller has as you to prepare a comparison of the Ending Inventory and Cost of Goods Sold totals for three different inventory costing methods: Periodic FIFO, LIFO, and Weighted-Average. Use the information included in the Excel Simulation and the Excel functions described below to complete the task. • Cell Reference: Allows you...
Little Annin Flagmakers Cost of Goods Sold Budget (USD) Cost of Goods Sold (FIFO) Units Cost/unit...
Little Annin Flagmakers
Cost of Goods Sold Budget (USD)
Cost of Goods Sold (FIFO)
Units
Cost/unit
Total Cost
Beg. FG inventory
Add: Cost of Goods Mfg'd
Good Available for Sale
Less: Ending FG inventory
Cost of Good Sold
Little Annin Flagmakers
Selling and Administrative Expense Budget (USD)
April
May
June
Quarter
Budgeted sales in units
Variable S&A per unit
Total Variable S&A
Total Fixed S&A
Total S&A Expense
Less: Depreciation
Cash Disbursements for S&A
Little Annin Flagmakers
Cash Budget (USD)
April
May...
Question 50 If sales are $820,000, variable costs are 55% of sales, and operating income is...
Question 50 If sales are $820,000, variable costs are 55% of sales, and operating income is $260,000, what is the contribution margin ratio? a. 55% b. 32% c. 45% d. 62% 1 points Question 51 The three most common cost behavior classifications are a. variable costs, period costs, and differential costs b. variable costs, product costs, and sunk costs c. fixed costs, variable costs, and mixed costs d. variable costs, sunk costs, and opportunity costs 1 points Question 52 In...
I need help with JUST 5,6, and 7 please 3 L12 x ✓ fx I B C D E F G H I 1 Thunder Creek Company expects sales of 18,000...
I need help with JUST 5,6, and 7 please
3 L12 x ✓ fx I B C D E F G H I 1 Thunder Creek Company expects sales of 18,000 units in January 2018, 24,000 units in February, 30,000 units in March, 34,000 in April, and 36,000 in May. The sales price is $34 per unit. 2 Prepare a sales budget. 2018 4 Budget #1: Sales Budget Jan Feb Mar 01 Total April May 5 Budgeted units to be...
As you know from Project 4, McCormick & Company is considering building a new factory in...
As you know from Project 4, McCormick & Company is
considering building a new factory in Largo, Maryland. McCormick
& Company decided to offer $4,424,000 to obtain the land for
this project. The new factory will require an initial investment of
$350 million to build the new plant and purchase equipment.
You have been asked to continue your work from project 4 with a
full analysis of the proposed factory, including the start-up
costs, the projected net cash flows from...
G F D C B A Name: M4 Assignment: Periodic System Inventory Cost Flows 1 show how you arrived at your answers, with Canvas. Enter your answers in the spaces provided below. Be sure t Excel formulas or calculations by hand. Submit your assignment to the M4 assignment page 4 Ein Company began operations in February 2013. Ein's accounting records provide the following data for the remainder 5 2013 for one of the items the company sells. 6 7 Extended...
Page Layout Formulas Draw Data Review View Developer ome Insert insart Calibri (Body) AA Wrap Text General 11 Delete A BIU Conditional Format Formatting as Table Styles Cel Sort & Fiter Paste S % CMerge&Center Format X 17 A C P E M H Exercise ikettle Company made the following purchas of Product Ain its first year of cpereions Unit Unit Cost January 2 March 31 July 5 November 1 1,400h 7.40 1,200h 7.00 2,400 1800 760 8.00 The ending...
H. A. D. 1 Exercises 2 Exercise C 3. 4 Fine Company purchased a heavy machine to be used in its factory for $ 720,000, less a 2 per cent cash discount. The company paid a fine of $ 3,600 because an employee hauled the machine over city streets without securing the required permits. The machine was installed at a cost of $ 21,600, and testing costs of $7,200 were incurred to place the machine in operation. Prepare a schedule...
answers in yellow tab must be in formula mode no numbers
thanks!
Better Bottles, Inc. uses a periodic inventory system and has provided its current inventory information. The Controller has as you to prepare a comparison of the Ending Inventory and Cost of Goods Sold totals for three different inventory costing methods: Periodic FIFO, LIFO, and Weighted-Average. Use the information included in the Excel Simulation and the Excel functions described below to complete the task. • Cell Reference: Allows you...
Little Annin Flagmakers
Cost of Goods Sold Budget (USD)
Cost of Goods Sold (FIFO)
Units
Cost/unit
Total Cost
Beg. FG inventory
Add: Cost of Goods Mfg'd
Good Available for Sale
Less: Ending FG inventory
Cost of Good Sold
Little Annin Flagmakers
Selling and Administrative Expense Budget (USD)
April
May
June
Quarter
Budgeted sales in units
Variable S&A per unit
Total Variable S&A
Total Fixed S&A
Total S&A Expense
Less: Depreciation
Cash Disbursements for S&A
Little Annin Flagmakers
Cash Budget (USD)
April
May...
I need help with JUST 5,6, and 7 please
3 L12 x ✓ fx I B C D E F G H I 1 Thunder Creek Company expects sales of 18,000 units in January 2018, 24,000 units in February, 30,000 units in March, 34,000 in April, and 36,000 in May. The sales price is $34 per unit. 2 Prepare a sales budget. 2018 4 Budget #1: Sales Budget Jan Feb Mar 01 Total April May 5 Budgeted units to be...
As you know from Project 4, McCormick & Company is
considering building a new factory in Largo, Maryland. McCormick
& Company decided to offer $4,424,000 to obtain the land for
this project. The new factory will require an initial investment of
$350 million to build the new plant and purchase equipment.
You have been asked to continue your work from project 4 with a
full analysis of the proposed factory, including the start-up
costs, the projected net cash flows from...
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