Business, 04.03.2020 03:30 alisucaalisuca
Dunbar Distribution markets CDs of numerous performing artists. At the beginning of March, Dunbar had in
beginning inventory 2,500 CDs with a unit cost of $7. During March Dunbar made th following purchases of CDs.
March 5 - 2,000 @ $8
March 13 - 3,500 @ $9
March 21 - 5,000 @ $10
March 26 - 2,000 @ $11
During March 12,000 units were sold. Dunbar used a periodic inventory system.
a. Determine the cost of goods available for sale
b. Determine 1. the ending inventory and 2, the cost of goods sold under each of the assumed cost flow methods
(FIFO, LIFO, and average cost). Prove te accuracy of the cost of goods sold under the FIFO and LIFO mehtods.
(Note: for average cost, round cost per unit to three decimal places.)
c. Which cost flow method results in 1. the highest inventory amount for the balanc sheet abd 2. the highest cost of
goods sold for the income statement?
Answers: 2
Business, 23.06.2019 00:30
One of the growers is excited by this advancement because now he can sell more crops, which he believes will increase revenue in this market. as an economics student, you can use elasticities to determine whether this change in price will lead to an increase or decrease in total revenue in this market. using the midpoint method, the price elasticity of demand for soybeans between the prices of $5 and $4 per bushel is , which means demand is between these two points. therefore, you would tell the grower that his claim is because total revenue will as a result of the technological advancement.
Answers: 1
Business, 23.06.2019 09:00
Jorge is attending college next year. he just got information on the college costs and the financial aid package the college is offering. jorge knows his parents can contribute $4,500 each year. jorge’s college costs & financial aid package per year costs financial aid package tuition & fees grants & scholarship $26,000 $18,500 room & board work-study $12,500 $8,500 how much will jorge need to pay each year from his own savings and from loans? $3,000 $7,000 $7,500 $11,500
Answers: 2
Dunbar Distribution markets CDs of numerous performing artists. At the beginning of March, Dunbar ha...
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