Crane Company markets CDs of numerous performing artists. At the beginning of March, Crane had in beginning inventory 2,400 CDs with a unit cost of $6. During March, Crane made the following purchases of CDs. March 5 March 13 2,100 @ (a) 3,600 @ $7 $8 March 21 Your answer is incorrect. March 26 Determine the cost of goods available for sale. 4,800 During March 11,500 units were sold. Crane uses a periodic inventory system. The cost of goods available for sale $ 2,100 @ $9 $10

Crane Company markets CDs of numerous performing artists. At the beginning of March, Crane had in beginning inventory 2,400 CDs with a unit cost of $6. During March, Crane made the following purchases of CDs. March 5 March 13 2,100 @ (a) 3,600 @ $7 $8 March 21 Your answer is incorrect. March 26 Determine the cost of goods available for sale. 4,800 During March 11,500 units were sold. Crane uses a periodic inventory system. The cost of goods available for sale $ 2,100 @ $9 $10

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Conversion cost per unit equals $11.00. Total materials costs are $80500. Equivalent units of production for materials are 40250. How much is the total manufacturing cost per unit? $2.00. $13.00. $9.00. $11.00.
Hello, I believe Answer 1 may have some errors. You included $4080 as the "indirect material used in production" but the original table has it listed as 4680. This may have changed the remainder of the answer including the "total manufacturing cost" and the "cost of good manufactured". Please advise. Thanks.
Find out BEP in units and value with the following data:Fixed cost - $30000Variable cost - $20 per unitSelling Price - $50 per unit.
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Two separate processes are being considered for manufacturing a product. Process A has fixed costs of $12,000 and variable costs of $6 per unit. Process B has fixed costs of $16,000 and variable costs of $4 per unit. a. What is the break-even quantity for the two processes (Show your work)? b. Which process would be more cost-effective for producing 1,000 units? c. Which process would be more cost-effective for producing 3,000 units?
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Crane Industries has equivalent units of 7000 for materials and for conversion costs. Total manufacturing costs are $111000. Total materials costs are $90000. How much is the conversion cost per unit? $15.86. $3.00. $28.71. $12.86.
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Yasmin Co. can further process Product B to produce Product C. Product B is currently selling for $31 per pound and costs $29 per pound to produce. Product C would sell for $57 per pound and would require an additional cost of $23 per pound to produce. What is the differential cost of producing Product C? a. $29 per pound b. $57 per pound c. $31 per pound d. $23 per pound
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