An invoice for X, Y, and Z is received from Heavyweight Co. Invoice totals are X - 125,000, Y - 75,000, and Z - 100,000. The freight charges on this shipment of 18,000 pounds total 7,500. Weights for respective materials are 10,000, 6,000, and 7,500 pounds. Required: 1. Cost per pound to be entered on the stock cards for each material, based on cost. 2. Cost per pound to be entered on the stock cards for each material, based on shipping weight.
An invoice for X, Y, and Z is received from Heavyweight Co. Invoice totals are X - 125,000, Y - 75,000, and Z - 100,000. The freight charges on this shipment of 18,000 pounds total 7,500. Weights for respective materials are 10,000, 6,000, and 7,500 pounds. Required: 1. Cost per pound to be entered on the stock cards for each material, based on cost. 2. Cost per pound to be entered on the stock cards for each material, based on shipping weight.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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An invoice for X, Y, and Z is received from Heavyweight Co. Invoice totals are X - 125,000, Y - 75,000, and Z - 100,000. The freight charges on this shipment of 18,000 pounds total 7,500. Weights for respective materials are 10,000, 6,000, and 7,500 pounds.
Required:
1. Cost per pound to be entered on the stock cards for each material, based on cost.
2. Cost per pound to be entered on the stock cards for each material, based on shipping weight.
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