subject
Business, 16.10.2019 00:00 20jhuffman

Print supplies, inc., sells laser printers and supplies. assume duffy started the year with 100 containers of ink (average cost of $ 8.90 each, fifo cost of $ 9.00 each, lifo cost of $ 7.80 each). during the year, the company purchased 800 containers of ink at $ 9.80 and sold 570 units for $ 21.50 each. duffy paid operating expenses throughout the year, a total of $ 3 comma 750. ignore income taxes for this exercise. prepare duffy's income statement for the current year ended december 31 using the average-cost, fifo, and lifo inventory costing methods. include a complete statement heading. complete the income statement by selecting the appropriate heading and income statement labels, and then calculating the amounts for each of the three required inventory methods. (calculate unit costs to the nearest cent. round all other calculations to the nearest whole dollar.)

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 21:20
Vital industries manufactured 2 comma 200 units of its product huge in the month of april. it incurred a total cost of $ 121 comma 000 during the month. out of this $ 121 comma 000, $ 46 comma 000 comprised of direct materials used in the product and the rest was incurred because of the conversion cost involved in the process. ryan had no opening or closing inventory. what will be the total cost per unit of the product, assuming conversion costs contained $ 10 comma 900 of indirect labor?
Answers: 1
question
Business, 22.06.2019 02:30
Required information [the following information applies to the questions displayed below.] the following data is provided for garcon company and pepper company. garcon company pepper company beginning finished goods inventory $ 13,800 $ 18,850 beginning work in process inventory 16,700 20,700 beginning raw materials inventory 8,800 13,500 rental cost on factory equipment 28,250 26,650 direct labor 22,400 37,400 ending finished goods inventory 17,300 14,300 ending work in process inventory 23,200 19,400 ending raw materials inventory 5,900 9,600 factory utilities 11,250 15,000 factory supplies used 10,900 5,700 general and administrative expenses 32,500 44,500 indirect labor 2,500 9,880 repairs—factory equipment 4,820 2,150 raw materials purchases 41,500 63,000 selling expenses 54,800 49,000 sales 238,530 317,510 cash 33,000 23,700 factory equipment, net 222,500 124,825 accounts receivable, net 13,400 23,950 required: 1. complete the table to find the cost of goods manufactured for both garcon company and pepper company for the year ended december 31, 2017. 2. complete the table to calculate the cost of goods sold for both garcon company and pepper company for the year ended december 31, 2017.
Answers: 2
question
Business, 22.06.2019 10:40
What would happen to the equilibrium price and quantity of lattés if the cost to produce steamed milk
Answers: 1
question
Business, 22.06.2019 17:00
Zeta corporation is a manufacturer of sports caps, which require soft fabric. the standards for each cap allow 2.00 yards of soft fabric, at a cost of $2.00 per yard. during the month of january, the company purchased 25,000 yards of soft fabric at $2.10 per yard, to produce 12,000 caps. what is zeta corporation's materials price variance for the month of january?
Answers: 2
You know the right answer?
Print supplies, inc., sells laser printers and supplies. assume duffy started the year with 100 cont...
Questions
question
Mathematics, 20.04.2020 10:55
question
Mathematics, 20.04.2020 10:56
question
Mathematics, 20.04.2020 10:56
question
Mathematics, 20.04.2020 10:56
question
Mathematics, 20.04.2020 10:56
question
Mathematics, 20.04.2020 10:56