Business, 18.11.2019 21:31 sanchezhailey4702
Use the information below to answer the following questions. the following units of an inventory item were available for sale during the year: beginning inventory 10 units at $55 first purchase 25 units at $60 second purchase 30 units at $65 third purchase 15 units at $70 the firm uses the periodic inventory system. during the year, 60 units of the item were sold.
a. calculate the value of ending inventory using fifo.
b. calculate the value of ending inventory using lifo.
c. calculate the value of ending inventory using weighted average
Answers: 1
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Vintage fun reproduces oldminusfashioned style roller skates and skateboards. the annual production and sales of roller skates is 950 units, while 1,750 skateboards are produced and sold. the company has traditionally used direct labor hours to allocate its overhead to products. roller skates require 2.5 direct labor hours per unit, while skateboards require 1.25 direct labor hours per unit. the total estimated overhead for the period is $114,300. the company is looking at the possibility of changing to an activityminusbased costing system for its products. if the company used an activityminusbased costing system, it would have the following three activity cost pools: the overhead cost per skateboard using the traditional costing system would be closest to: a. $9.31. b. $65.31. c. $25.05. your answer is not correct.d.
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Business, 22.06.2019 21:20
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Use the information below to answer the following questions. the following units of an inventory ite...
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