Case-Me - I'm-Irish Company sells cases for smart phones and notepad computers. Case-Me-I'm-Irish groups inventory by the device manufacturer for which the case is made. Case - Me - I'm-Irish provided the following information regarding inventory at the end of the current year. (Click the icon to view the data.) i (Click the icon to view the abbreviation definitions.) Read the requirements. Complete the table below to identify the market value per unit amounts for each product, the total cost amounts, and the total market value amounts. Cost per Market Unit Total Cost per Unit Total Market Group # Smart phone case Notepad case Subtotal - General Tech Manufacturer # of Units General Tech General Tech Smart phone case Pacific Base Notepad case Pacific Base Subtotal-Pacific Base Total i Data Table Group # Smart phone case Notepad case Smart phone case Notepad case Manufacturer CRC General Tech $ General Tech Pacific Base Pacific Base 10 16 4 11 # Of Units 900 $ 700 450 650 SP 19 S 32 6 Disposal 28 1 $ 2 1 1 NPM 4 $ 12 3 17 Cost 7 20 5 19 i More Info Definitions: CRC SP DISPOSAL NPM = Current Replacement Cost = Selling Price = Costs of Completion and Disposal = Normal Profit Margin Print Done
Case-Me - I'm-Irish Company sells cases for smart phones and notepad computers. Case-Me-I'm-Irish groups inventory by the device manufacturer for which the case is made. Case - Me - I'm-Irish provided the following information regarding inventory at the end of the current year. (Click the icon to view the data.) i (Click the icon to view the abbreviation definitions.) Read the requirements. Complete the table below to identify the market value per unit amounts for each product, the total cost amounts, and the total market value amounts. Cost per Market Unit Total Cost per Unit Total Market Group # Smart phone case Notepad case Subtotal - General Tech Manufacturer # of Units General Tech General Tech Smart phone case Pacific Base Notepad case Pacific Base Subtotal-Pacific Base Total i Data Table Group # Smart phone case Notepad case Smart phone case Notepad case Manufacturer CRC General Tech $ General Tech Pacific Base Pacific Base 10 16 4 11 # Of Units 900 $ 700 450 650 SP 19 S 32 6 Disposal 28 1 $ 2 1 1 NPM 4 $ 12 3 17 Cost 7 20 5 19 i More Info Definitions: CRC SP DISPOSAL NPM = Current Replacement Cost = Selling Price = Costs of Completion and Disposal = Normal Profit Margin Print Done
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Case - Me - I'm - Irish Company sells cases for smart phones and notepad computers. Case - Me - I'm- Irish groups inventory by the device manufacturer for which the case
provided the following information regarding inventory at the end of the current year.
(Click the icon to view the data.)
i (Click the icon to view the abbreviation definitions.)
Read the requirements.
Complete the table below to identify the market value per unit amounts for each product, the total cost amounts, and the total market value amounts.
Market
Cost per
Unit
per Unit Total Market
Group #
Smart phone case
Notepad case
Subtotal - General Tech
Manufacturer # of Units
General Tech
General Tech
Smart phone case Pacific Base
Notepad case
Pacific Base
Subtotal-Pacific Base
Total
i Data Table
Group #
Smart phone case
Notepad case
Smart phone case
Notepad case
Manufacturer CRC # Of Units
General Tech
General Tech
Pacific Base
Pacific Base
$ 10
16
4
Total Cost
11
900 $
700
450
650
SP
Disposal NPM
1 $
2
1
1
19 $
32
6
28
4 $
12
3
17
Cost
7
20
5
19
More Info
Definitions:
CRC
SP
DISPOSAL
NPM
= Current Replacement Cost
= Selling Price
= Costs of Completion and Disposal
= Normal Profit Margin
Print Done
made. Case - Me - I'm - Irish
p
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