Business, 12.06.2020 00:57 misskylie2003
Compute the cost to be assigned to ending inv. for each of the methods indicated given the following information about purchases and sales during the year.
Jan. 1: Beginning Inv. 100 items at $7 = $700
May 1: Purchases 400 items at $8 = $3,200
Total Available 500 items $3,900
Total Sales 360 items
December 31: Ending Inv. 140 items
Find the Cost assigned to ending inv. on a FIFO, LIFO, and average cost basis
Find the Cost of Goods sold on a FIFO, LIFO, and average cost basis.
Answers: 2
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An increase in the market price of men's haircuts, from $16 per haircut to $26 per haircut, initially causes a local barbershop to have its employees work overtime to increase the number of daily haircuts provided from 20 to 25. when the $26 market price remains unchanged for several weeks and all other things remain equal as well, the barbershop hires additional employees and provides 40 haircuts per day. what is the short-run price elasticity of supply? nothing (your answer should have two decimal places.) what is the long-run price elasticity of supply? nothing (your answer should have two decimal places.)
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Rolston music company is considering the sale of a new sound board used in recording studios. the new board would sell for $27,200, and the company expects to sell 1,570 per year. the company currently sells 2,070 units of its existing model per year. if the new model is introduced, sales of the existing model will fall to 1,890 units per year. the old board retails for $23,100. variable costs are 57 percent of sales, depreciation on the equipment to produce the new board will be $1,520,000 per year, and fixed costs are $1,420,000 per year.if the tax rate is 35 percent, what is the annual ocf for the project?
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Compute the cost to be assigned to ending inv. for each of the methods indicated given the following...
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