Current Attempt in Progress The following information relates to the inventories on hand at 30 June 2020 held by Canberra Ltd. Cost of completion and disposal Estimated Cost per unit 2$ Cost to replace 24 selling price 2$ Item no. Quantity A1458 541 2.30 2.64 3.62 0.48 A1965 777 3.70 3.25 3.60 0.54 B6730 677 7.5 7.65 9.00 1.01 D0943 103 1.34 1.16 1.00 0.12 G8123 141 3.68 3.87 6.10 0.71 W2167 1,477 6.10 6.62 0,34 Calculate the value of inventories on hand at 30 June 2020. (Enter your answer to the nearest cent.) Total inventories on hand at 30 June 2020 Save for Later Attempts: 0 of 3 used Submit Answer

Current Attempt in Progress The following information relates to the inventories on hand at 30 June 2020 held by Canberra Ltd. Cost of completion and disposal Estimated Cost per unit 2$ Cost to replace 24 selling price 2$ Item no. Quantity A1458 541 2.30 2.64 3.62 0.48 A1965 777 3.70 3.25 3.60 0.54 B6730 677 7.5 7.65 9.00 1.01 D0943 103 1.34 1.16 1.00 0.12 G8123 141 3.68 3.87 6.10 0.71 W2167 1,477 6.10 6.62 0,34 Calculate the value of inventories on hand at 30 June 2020. (Enter your answer to the nearest cent.) Total inventories on hand at 30 June 2020 Save for Later Attempts: 0 of 3 used Submit Answer

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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Subject: accounting
Clarkson corp, a lamp manufacturer provided the following information for the year ended December 31, 2024 Requirements - 1) use the information to prepare a schedule of cost of goods manufactured 2) what is the unit product cost if Clarkson manufactured 4310 lamps for the year?
CCOUNTING Section3 Lecture (20201_020113 Courses / COST ACCOUNTING Section3 Lecture (20201 020113101 AAUP - JENIN)/ 23 February-1 Ma Time left 01740 The following infiormation pertains to a manufacturing company which uses weighted average method: Work in process, beginning direct materials $550,000 and conversion $450,000, Costs added in current period, direct materials $650,000 and conversion S750,000 cost per equivaient unit, direct materials $200 and conversion $300. Using weighted average method, the equlvalent units of materials is Oa 8000 units b.6000 units OC4500 units d.5333 units Oear my choice Next page Jump to chapter 15+15 powe point -
Current Attempt in Progress Crane Company developed the following information about its inventories in applying the lower-of-cost-or-net realizable value (LCM) basis in valuing inventories. Product Cost Net realizable value A $119000 $127000 B 78000 C 151000 76000 O $346000 O $348000 O $369000 O $367000. 164000 D If Crane applies the LCNRV basis, the value of the inventory reported on the balance sheet would be