Average inventory = Beginning inventory + Ending inventory / 2
Suppose that a firm has an ending inventory of $130,000 as of December 31, 2012. The...
A small firm has an ending inventory of $52,000 as at December 31, 2012 and the following accounting information. Month Ending Inventory Cost of Goods Sold January 2013 $75,000 $225,000 February $56,000 $325,000 March $25,000 $240,000 April $85,000 $325,000 May $125,000 $460,000 June $95,000 $220,000 July $72,000 $85,000 August $45,000 $156,000 September $52,500 $220,000 October $120,000 $265,000 November $162,500 $100,000 December $255,000 $350,000 a) Compute the monthly inventory turnover ratio for each of the twelve months. Do you see any...
Skiller Company has the following information regarding its inventory for the second year of operations. Transactions Units Sales in units Unit Cost Beginning Inventory, January 1 35,000 $3.50 Purchases February 8 45,500 3.60 March 15 100,250 3.80 April 10 62,000 4.10 Units sold – April 22 at $12 155,000 Purchases May 9 81,000 4.35 June 19 28,000 4.56 Units sold – August 11 at $14 115,500 Purchases September 20 15,000 4.75 October 30...
Beginning Inventory Units Produced Units Sold Ending Inventory July 7,000 14,790 5,200 16,590 August 16,590 14,790 10,400 20,980 September 20,980 14,790 22,100 13,670 October 13,670 14,790 25,260 3,200 November 3,200 14,790 15,800 2,190 December 2,190 14,790 9,980 7,000 If the inventory costs $30 per unit and will be financed at the bank at a cost of 0.5 percent per month, what is the monthly financing cost and the total for the six months? Provide the answers in the following table:...
Also, The volatility for Gas Co. is
___ % (Round to two decimal places.)
Thank you
Month The following spreadsheet contains monthly returns for Cola Co. and Gas Co. for 2013. Using these data, estimate the average monthly return and the volatility for each stock. January February March April May June July August September October November December Cola Co. 9.40% 2.20% - 6.29% 7.40% -0.10% - 1.80% 0.10% 1.90% 0.50% - 1.50% 5.70% 5.80% Gas Co. - 3.00% -5.40% -...
P 12-11 (similar to) Question Help The following spreadsheet contains monthly returns for Cola Co. and Gas Co. for 2013. Using these data, estimate the average monthly return and the volatility for each stock. January February March April May June July August September October November Cola Co. - 1.80% -3.70% -0.05% -1.20% 1.90% 1.90% 0.60% -2.10% 4.10% -2.40% Gas Co. 8.20% -4,60% 5.50% 1.90% -1.00% 4.90% - 2.70% - 6.00% 4.50% 1.70% - 3.70% -8.60% The average monthly return for...
Bombs Away Video Games Corporation has forecasted the following
monthly sales:
January
$
110,000
July
$
55,000
February
103,000
August
55,000
March
35,000
September
65,000
April
35,000
October
95,000
May
30,000
November
115,000
June
45,000
December
133,000
Total annual sales = $876,000
Bombs Away Video Games sells the popular Strafe and Capture
video game. It sells for $5 per unit and costs $2 per unit to
produce. A level production policy is followed. Each month's
production is equal to annual...
Gas Co. for 2013. Using these data, estimate the average monthly return and the volatility for each stock 6.00% January February 9.60% -1.40% 5.30% March -0.80% - 2.50% -2.90% 14.30% April May -3.40% - 1.20% -4.00% June 6.80% 1.17% July August September 12.30% 4.40% 3.20% -3.80% -4.20% October -3.30% 4.80% 0.70% 1.40% November December 1.40% 8.60% The average monthly return for Cola Co. is %. (Round to two decimal places.)
From the following, calculate the cost of ending inventory and cost of goods sold for the FIFO method, ending inventory is 54 units. (Round your answers to the nearest cent.) Beginning inventory and purchases Units Unit cost January 1 5 $ 3.50 April 10 10 4.00 May 15 12 4.50 July 22 15 4.75 August 19 18 5.50 September 30 20 5.70 November 10 32 5.90 December 15 16 6.30 Cost of ending inventory $ Cost of goods sold $
Bombs Away Video Games Corporation has forecasted the following
monthly sales:
January
$
106,000
July
$
51,000
February
99,000
August
51,000
March
31,000
September
61,000
April
31,000
October
91,000
May
26,000
November
111,000
June
41,000
December
129,000
Total annual sales = $828,000
Bombs Away Video Games sells the popular Strafe and Capture video
game. It sells for $5 per unit and costs $2 per unit to produce. A
level production policy is followed. Each month's production is
equal to...
The average monthly return for Cola Co. is _____%?
The average monthly return for Gas Co. is _____%?
The volatility for Cola Co. is _____%?
The following spreadsheet contains monthly returns for Cola Co. and Gas Co. for 2013. Using Month Gas Co. January February March April May June July August September October November December Cola Co. - 2.10% 0.00% -2.00% 0.90% -3.10% - 8.40% - 11.90% - 1.60% 5.50% - 1.10% - 3.80% - 2.20% - 0.50% - 1.80%...