Business, 20.03.2020 11:31 BrainzOli7408
1- On December 31 of the current year, Plunkett Company reported an ending inventory balance of $219,000. The following additional information is also available:
Plunkett sold and shipped goods costing $38,800 to Savannah Enterprises on December 28 with shipping terms of FOB shipping point. The goods were not included in the ending inventory amount of $219,000.
Plunkett purchased goods costing $44,800 on December 29. The goods were shipped FOB destination and were received by Plunkett on January 2 of the following year. The shipment was a rush order that was supposed to arrive by December 31. These goods were included in the ending inventory balance of $219,000.
Plunkett's ending inventory balance of $219,000 included $15,800 of goods being held on consignment from Carole Company. (Plunkett Company is the consignee.)
Plunkett's ending inventory balance of $219,000 did not include goods costing $95,800 that were shipped to Plunkett on December 27 with shipping terms of FOB destination and were still in transit at year-end.
Based on the above information, the amount that Plunkett should report in ending inventory on December 31 is:
2- A company had inventory on November 1 of 5 units at a cost of $24 each. On November 2, they purchased 14 units at $26 each. On November 6 they purchased 10 units at $29 each. On November 8, 11 units were sold for $59 each. Using the LIFO perpetual inventory method, what was the value of the inventory on November 8 after the sale?
3- Grays Company has inventory of 29 units at a cost of $10 each on August 1. On August 3, it purchased 39 units at $11 each. 31 units are sold on August 6. Using the FIFO perpetual inventory method, what amount will be reported as cost of goods sold for the 31 units that were sold?
Answers: 2
Business, 22.06.2019 06:30
"in my opinion, we ought to stop making our own drums and accept that outside supplier's offer," said wim niewindt, managing director of antilles refining, n.v., of aruba. "at a price of $21 per drum, we would be paying $4.70 less than it costs us to manufacture the drums in our own plant. since we use 70,000 drums a year, that would be an annual cost savings of $329,000." antilles refining's current cost to manufacture one drum is given below (based on 70,000 drums per year):
Answers: 1
Business, 22.06.2019 12:50
Jallouk corporation has two different bonds currently outstanding. bond m has a face value of $50,000 and matures in 20 years. the bond makes no payments for the first six years, then pays $2,100 every six months over the subsequent eight years, and finally pays $2,400 every six months over the last six years. bond n also has a face value of $50,000 and a maturity of 20 years; it makes no coupon payments over the life of the bond. the required return on both these bonds is 10 percent compounded semiannually. what is the current price of bond m and bond n?
Answers: 3
Business, 22.06.2019 17:00
Can someone me ? i’ll mark the best answer brainliest : )
Answers: 1
Business, 22.06.2019 17:30
What is the sequence of events that could lead to trade surplus
Answers: 3
1- On December 31 of the current year, Plunkett Company reported an ending inventory balance of $219...
Mathematics, 10.02.2021 19:10
SAT, 10.02.2021 19:10
Physics, 10.02.2021 19:10
Chemistry, 10.02.2021 19:10
Mathematics, 10.02.2021 19:10
Mathematics, 10.02.2021 19:10
Mathematics, 10.02.2021 19:10
Business, 10.02.2021 19:10
Mathematics, 10.02.2021 19:10
Computers and Technology, 10.02.2021 19:10
Mathematics, 10.02.2021 19:10
Mathematics, 10.02.2021 19:10
World Languages, 10.02.2021 19:10