Homework Answers
The amount of Sage company’s inventory = $49649
|
item no. |
cost per unit |
Cost to replace |
NRV (estimated selling price – cost of completion and disposal) |
Net real value less normal value |
MV |
quantity |
final inventory value |
|
1320 |
3.71 |
3.48 |
4.81 |
3.36 |
3.48 |
2000 |
6960 |
|
1333 |
3.13 |
2.67 |
3.48 |
2.9 |
2.90 |
1700 |
4930 |
|
1426 |
5.22 |
4.29 |
5.34 |
4.18 |
4.29 |
1600 |
6864 |
|
1437 |
4.18 |
3.60 |
3.42 |
2.38 |
3.42 |
1800 |
6156 |
|
1510 |
2.61 |
2.32 |
2.84 |
2.14 |
2.32 |
1500 |
3480 |
|
1522 |
3.48 |
3.13 |
3.95 |
3.37 |
3.37 |
1300 |
4381 |
|
1573 |
2.09 |
1.86 |
2.03 |
1.45 |
1.86 |
3800 |
7068 |
|
1626 |
5.45 |
6.03 |
6.38 |
5.22 |
5.45 |
1800 |
9810 |
|
Total inventory |
49649 |
Add Answer to:
Exercise 9-7 Sage Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an...
xercise 9-7 Concord Company follows the practice of priding its inventory at the lower-of-cost-or-market, on an...
xercise 9-7 Concord Company follows the practice of priding its inventory at the lower-of-cost-or-market, on an individual-item basis. Cost per Cost to Selling Estimated Cost of Completion Normal and Disposal Profit Item No.Quantity UnitReplacePrice 1320 2,000 $3.71 $3.48 1333 1,700 3.13 1426 1,6005.22 1437 1,800 4.18 1510 1,500 2.61 1522 1,300 3.48 1573 3,800 2.09 1626 1,800 5.45 2.67 4.29 3.60 2.32 3.13 1.86 6.03 $5.22 4.06 5.80 3.71 3.77 4.41 2.90 6.96 $0.41 0.58 0.46 0.29 0.93 0.46 0.87...
Question 3 --/1 View Policies Current Attempt in Progress Tamarisk Company follows the practice of pricing...
Question 3 --/1 View Policies Current Attempt in Progress Tamarisk Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis. Cost per Unit Cost to Replace Estimated Selling Price Cost of Completion and Disposal Normal Profit Item No. Quantity 1320 2,000 $3.71 $3.48 $5.22 $0.41 $1.45 1333 1,700 3.13 2.67 4.06 0.58 0.58 1426 1,600 5.22 4.29 5.80 0.46 1.16 1437 1,800 4.18 3.60 3.71 0.29 1.04 1510 1,500 2.61 2.32 3.77 0.93 0.70 1522...
Current Attempt in Progress Tamarisk Company follows the practice of pricing its inventory at LCNRV, on...
Current Attempt in Progress Tamarisk Company follows the practice of pricing its inventory at LCNRV, on an individual-item basis. Cost per Unit Estimated Selling Price Cost to Complete and Sell Item No. Quantity 1320 2,000 $3.71 $5.22 $1.86 1333 1,700 3.13 3.94 1.16 1426 1,600 5.22 5.80 1.62 1437 1,800 4.18 3.71 1.57 1510 1,500 2.61 3.77 1.62 1522 1,300 3.48 4.52 0.93 1573 3,800 2.09 2.90 1.39 1626 1,800 5.45 6.96 1.74 From the information above, determine the amount...
Pharoah Company uses the LCNRV method, on an individual-item basis, in pricing its inventory items. The...
Pharoah Company uses the LCNRV method, on an individual-item basis, in pricing its inventory items. The inventory at December 31, 2017, consists of products D, E, F, G, H, and I. Relevant per unit data for these products appear below Item D Item E Item F Item G $97 86 Item H Estimated selling price Cost Cost to complete Selling costs $130 81 32 $119 86 32 19 $103 86 27 Item I $97 39 32 $119S 54 32 Using...
Vaughn Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis....
Vaughn Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis. Estimated Selling Price Cost of Completion and Disposal Item No. Quantity Cost per Unit Cost to Replace Normal Profit 1320 2,000 $3.68 $3.45 $5.18 $0.40 $1.44 1333 1,700 3.11 2.65 4.03 0.58 0.58 1426 1,600 5.18 4.26 5.75 0.46 1.15 1437 1,800 4.14 3.68 0.29 1.04 3.57 2.30 1510 1,500 2.59 3.74 0.92 0.69 1522 1,300 3.11 4.37 0.46 0.58 1573 3,800 3.45 2.07...
Exercise 9-7 Nash Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an...
Exercise 9-7 Nash Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-Item basis. Item No. Cost per Unit $4.00 1320 1333 3.38 Quantity 1,700 1,400 1,300 1,500 1,200 1,000 3,500 1,500 1426 1437 1510 1522 1573 1626 Estimated Selling Price $5.63 4.38 6.25 4.00 4.06 4.75 3.13 Cost to Replace $3.75 2.88 4.63 3.88 2.50 3.38 2.00 6.50 4.50 Cost of Completion and Disposal $0.44 0.63 0.50 0.31 1.00 0.50 0.94 0.63 Normal Profit $1.56...
Current Attempt in Progress Vaughn Company follows the practice of pricing its inventory at the lower-of-cost-or-market,...
Current Attempt in Progress Vaughn Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis. Estimated Selling Price Cost of Completion and Disposal Item No. Quantity Cost per Unit Cost to Replace Normal Profit 1320 2,000 $3.68 $3.45 $5.18 $0.40 $1.44 1333 1,700 3.11 2.65 4.03 0.58 0.58 1426 1,600 5.18 4.26 0.46 1.15 1437 1,800 4.14 5.75 3.68 3.74 0.29 3.57 2.30 1.04 1510 1,500 2.59 0.92 0.69 1522 1,300 3.45 3.11 4.37 0.46...
Exercise 9-07 Novak Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an...
Exercise 9-07 Novak Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis. Item No. 1320 1333 1426 1437 1510 1522 1573 1626 Quantity 1,700 1,400 1,300 1,500 1,200 1,000 3,500 1,500 Cost per Unit $4.00 3.38 5.63 4.50 2.81 3.75 2.25 5.88 Cost to Replace $3.75 2.88 4.63 3.88 2.50 3.38 2.00 6.50 Estimated Selling Price $5.63 4.38 6.25 4.00 4.06 4.75 3.13 7.50 Cost of Completion and Disposal $0.44 0.63 0.50 0.31 1.00...
Exercise 9-7 Coronado Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an...
Exercise 9-7 Coronado Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis Estimated Cost per Cost of Completion and Disposal Selling Item No. Quantity Unit Replace 13201,900 $3.65 1333 1,600 1426 1,500 1437 1,700 15101,400 1522 1,200 1573 3,700 1626 1,700 Normal Profit $1.43 0.57 1.14 1.03 0.68 0.57 0.57 1.14 Cost to Price $3.42 2.62 4.22 3.53 2.28 3.08 1.82 5.93 $5.13 3.99 5.70 3.65 3.71 4.33 2.85 6.84 $0.40 0.57 0.46 0.29...
Exercise 9-7 Flounder Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an...
Exercise 9-7 Flounder Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis. Item No. Cost per Unit Cost to Replace Estimated Selling Price Cost of Completion and Disposal Normal Profit Quantity 1,300 1320 $3.23 $3.03 $4.55 $0.35 $1.26 1333 1,000 2.73 2.32 3.54 0.51 0.51 1426 900 4.55 3.74 5.05 0.40 1.01 1437 1,100 3.64 3.13 3.23 0.25 0.81 1510 800 2.27 3.28 2.02 2.73 1522 600 3.03 3.84 0.40 0.91 0.61 0.51 0.51...
xercise 9-7 Concord Company follows the practice of priding its inventory at the lower-of-cost-or-market, on an individual-item basis. Cost per Cost to Selling Estimated Cost of Completion Normal and Disposal Profit Item No.Quantity UnitReplacePrice 1320 2,000 $3.71 $3.48 1333 1,700 3.13 1426 1,6005.22 1437 1,800 4.18 1510 1,500 2.61 1522 1,300 3.48 1573 3,800 2.09 1626 1,800 5.45 2.67 4.29 3.60 2.32 3.13 1.86 6.03 $5.22 4.06 5.80 3.71 3.77 4.41 2.90 6.96 $0.41 0.58 0.46 0.29 0.93 0.46 0.87...
Question 3 --/1 View Policies Current Attempt in Progress Tamarisk Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis. Cost per Unit Cost to Replace Estimated Selling Price Cost of Completion and Disposal Normal Profit Item No. Quantity 1320 2,000 $3.71 $3.48 $5.22 $0.41 $1.45 1333 1,700 3.13 2.67 4.06 0.58 0.58 1426 1,600 5.22 4.29 5.80 0.46 1.16 1437 1,800 4.18 3.60 3.71 0.29 1.04 1510 1,500 2.61 2.32 3.77 0.93 0.70 1522...
Current Attempt in Progress Tamarisk Company follows the practice of pricing its inventory at LCNRV, on an individual-item basis. Cost per Unit Estimated Selling Price Cost to Complete and Sell Item No. Quantity 1320 2,000 $3.71 $5.22 $1.86 1333 1,700 3.13 3.94 1.16 1426 1,600 5.22 5.80 1.62 1437 1,800 4.18 3.71 1.57 1510 1,500 2.61 3.77 1.62 1522 1,300 3.48 4.52 0.93 1573 3,800 2.09 2.90 1.39 1626 1,800 5.45 6.96 1.74 From the information above, determine the amount...
Pharoah Company uses the LCNRV method, on an individual-item basis, in pricing its inventory items. The inventory at December 31, 2017, consists of products D, E, F, G, H, and I. Relevant per unit data for these products appear below Item D Item E Item F Item G $97 86 Item H Estimated selling price Cost Cost to complete Selling costs $130 81 32 $119 86 32 19 $103 86 27 Item I $97 39 32 $119S 54 32 Using...
Vaughn Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis. Estimated Selling Price Cost of Completion and Disposal Item No. Quantity Cost per Unit Cost to Replace Normal Profit 1320 2,000 $3.68 $3.45 $5.18 $0.40 $1.44 1333 1,700 3.11 2.65 4.03 0.58 0.58 1426 1,600 5.18 4.26 5.75 0.46 1.15 1437 1,800 4.14 3.68 0.29 1.04 3.57 2.30 1510 1,500 2.59 3.74 0.92 0.69 1522 1,300 3.11 4.37 0.46 0.58 1573 3,800 3.45 2.07...
Exercise 9-7 Nash Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-Item basis. Item No. Cost per Unit $4.00 1320 1333 3.38 Quantity 1,700 1,400 1,300 1,500 1,200 1,000 3,500 1,500 1426 1437 1510 1522 1573 1626 Estimated Selling Price $5.63 4.38 6.25 4.00 4.06 4.75 3.13 Cost to Replace $3.75 2.88 4.63 3.88 2.50 3.38 2.00 6.50 4.50 Cost of Completion and Disposal $0.44 0.63 0.50 0.31 1.00 0.50 0.94 0.63 Normal Profit $1.56...
Current Attempt in Progress Vaughn Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis. Estimated Selling Price Cost of Completion and Disposal Item No. Quantity Cost per Unit Cost to Replace Normal Profit 1320 2,000 $3.68 $3.45 $5.18 $0.40 $1.44 1333 1,700 3.11 2.65 4.03 0.58 0.58 1426 1,600 5.18 4.26 0.46 1.15 1437 1,800 4.14 5.75 3.68 3.74 0.29 3.57 2.30 1.04 1510 1,500 2.59 0.92 0.69 1522 1,300 3.45 3.11 4.37 0.46...
Exercise 9-07 Novak Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis. Item No. 1320 1333 1426 1437 1510 1522 1573 1626 Quantity 1,700 1,400 1,300 1,500 1,200 1,000 3,500 1,500 Cost per Unit $4.00 3.38 5.63 4.50 2.81 3.75 2.25 5.88 Cost to Replace $3.75 2.88 4.63 3.88 2.50 3.38 2.00 6.50 Estimated Selling Price $5.63 4.38 6.25 4.00 4.06 4.75 3.13 7.50 Cost of Completion and Disposal $0.44 0.63 0.50 0.31 1.00...
Exercise 9-7 Coronado Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis Estimated Cost per Cost of Completion and Disposal Selling Item No. Quantity Unit Replace 13201,900 $3.65 1333 1,600 1426 1,500 1437 1,700 15101,400 1522 1,200 1573 3,700 1626 1,700 Normal Profit $1.43 0.57 1.14 1.03 0.68 0.57 0.57 1.14 Cost to Price $3.42 2.62 4.22 3.53 2.28 3.08 1.82 5.93 $5.13 3.99 5.70 3.65 3.71 4.33 2.85 6.84 $0.40 0.57 0.46 0.29...
Exercise 9-7 Flounder Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis. Item No. Cost per Unit Cost to Replace Estimated Selling Price Cost of Completion and Disposal Normal Profit Quantity 1,300 1320 $3.23 $3.03 $4.55 $0.35 $1.26 1333 1,000 2.73 2.32 3.54 0.51 0.51 1426 900 4.55 3.74 5.05 0.40 1.01 1437 1,100 3.64 3.13 3.23 0.25 0.81 1510 800 2.27 3.28 2.02 2.73 1522 600 3.03 3.84 0.40 0.91 0.61 0.51 0.51...
Most questions answered within 3 hours.
-
Two small plastic spheres are given positive electrical charges.
When they are a distance of 15.4...
asked 36 minutes ago -
how
does gravity affect the trajectory of projectile? what would be the
shape of the trajactory...
asked 29 minutes ago -
An acidic solution containing gold ions is
electrolyzed, producing gaseous oxygen (from water) at the anode...
asked 52 minutes ago -
Assume that the population of Mexico is 128
million and that the population increases 1.01
percentannually....
asked 1 hour ago -
Can someone please help me add appropriate descriptive
comments to each line of code in the...
asked 1 hour ago -
Romeo wishes to throw a bouquet of flowers to Juliet, who is on
a second-story balcony,...
asked 2 hours ago -
Why is QE a controversial monetary policy tool.
A. It may lead to excessive inflation.B. By...
asked 3 hours ago -
Principles of Programming midterm study guide help!
1.)
______ Which of the following would reference the...
asked 2 hours ago -
A finite potential well has depth U0 = 2.78 eV . What is the
penetration distance...
asked 3 hours ago -
1. The bus bars of a power station are in two sections A and B
separated...
asked 3 hours ago -
Fiscal policy is the deliberate manipulation of taxes and
government spending to alter GDP, employment, inflation...
asked 4 hours ago -
evaluating an expression using only one digit and + and - as
operators ....3+5-1+7-5+8
-----------------------
stack...
asked 4 hours ago