Inventory at the end of march/starting of April= 200units
Add: Production in April 2008(100 units) = 300 units
Less: Demand in same month in 2008(50) = 250units
So expected inventory in the end of April=250 units
Information for firm ABC: Inventory at the end of March, 2018: Expected demand during April, 2018:...
A firm uses a backflush system and lean process costing (as described in the textbook). The firm values inventory using direct costing. At the beginning of April, the firm has $0 in all inventory accounts. Actual and budgeted costs are the same. On April 4, the firm purchases 200 units of raw materials for $25,000. It uses all 200 units of these raw materials, leaving $0 of raw materials in the warehouse at the end of April. During the month...
ABC Company manufacture one product with the following data January February March April Expected sales (units) 10,000 11,000 12,100 13,310 Beginning inventory (units) 3,000 The company requires to have ending inventory equals to 30% of the next month sales in units. The purchases in units needed for March are 1. 10,000 2. 10,300 3. 11,330 4. 12,463 2. Budgets help in a. Planning and control b. Control and evaluation c. Evaluation and planning d. Planning, control and evaluation
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Brian's Frozen Pizzas uses FIFO process costing. Selected production and cost data follow for April 2018 (Click the icon to view the production and cost data) Read the requirements Prepping Department Units to account for Requirement la 20,000 On March 31, the Prepping Department beginning Work in Process Inventory was 75% complete for materials and 50% complete for conversion costs. This means that for the beginning inventory of the materials and of conversion costs were added during April Beginning work-in-process,...
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ABC Co. has the following information available: Total Cost January February March April Production Vol. (units) 34,200 35,900 36,400 33,100 392,800 408,100 412,600 382,900 Using the high-low method, calculate the variable cost per unit and the fixed cost. ABC Co. sells its widgets for $22.00 each. What is the contribution margin? What is the contribution margin ratio? How many units must they sell to break-even? How many units must the sell to achieve a target profit of $350,000? If ABC...
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beginning inventory
beginning inventory and the purchases of item ABC during the year w ary 1 inventory 10units at $100-$1000 h 25 Purchase20 units at $125 2,500 30 Purchase15 units at $150- 2,250 er 8 Purchase 20 units at $200 4,000 65 9,750 are 25 units of items ABC in the physical inventory at December ). Determine the inventory cost. First Out method ed average method
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