Data related to the inventories of Alpine Ski Equipment and Supplies is presented below: Apparel Supplies Boots $ 149,000 $ 103,000 $ 69,000 144,000 66,950 86,950 125,000 Skis $ 175,000 138,000 Replacement cost 118,000 Sales commission 10 Selling price Cost $125,000. $134,100. $144,000. % 10 O$96,850. % 10 96 48,300 44,300 10 In applying the lower of cost or net realizable value rule, the inventory of boots would be valued at: 96

Data related to the inventories of Alpine Ski Equipment and Supplies is presented below: Apparel Supplies Boots $ 149,000 $ 103,000 $ 69,000 144,000 66,950 86,950 125,000 Skis $ 175,000 138,000 Replacement cost 118,000 Sales commission 10 Selling price Cost $125,000. $134,100. $144,000. % 10 O$96,850. % 10 96 48,300 44,300 10 In applying the lower of cost or net realizable value rule, the inventory of boots would be valued at: 96

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 8MC: What is the conversion cost to manufacture insulated travel cups if the costs are: direct materials,...

See similar textbooks

Similar questions

TB MC Qu. 9-61 (Algo) Data related to the inventories of Alpine... Data related to the inventories of Alpine Ski Equipment and Supplies is presented below: Selling price Cost Replacement cost Sales commission Multiple Choice $48,350. $47,350. $51,350. Skis $ 179,000 130,000 116,000 $71,100. 10% Boots $ 155,000 142,000 128,000 10% In applying the lower of cost or net realizable value rule, the inventory of supplies would be valued at: Apparel $ 105,000 73,500 93,500 10% Supplies $ 79,000 51,350 47,350 10%
Data related to the inventories of Alpine Ski Equipment and Supplies is presented below: Skis Boots Apparel Supplies Selling price $ 180,000 $ 140,000 $ 120,000 $ 60,000 Cost 128,000 133,000 90,000 45,000 Replacement cost 120,000 130,000 110,000 41,000 Sales commission 10 % 10 % 10 % 10 % In applying the lower of cost or net realizable value rule, the inventory of apparel would be valued at: A) $108,000. B) $90,000. C) $110,000. D) $99,000.
Data related to the inventories of Alpine Ski Equipment and Supplies is presented below: Skis Boots Apparel Supplies Selling price $ 165,000 $ 151,000 $ 116,000 $ 78,000 Cost 139,000 137,000 75,400 54,600 Replacement cost 132,000 122,000 95,400 50,600 Sales commission 10 10 % 10 % 10 % In applying the lower of cost or net realizable value rule, the inventory of skis would be valued at:
Data related to the inventories of Alpine Ski Equipment and Supplies is presented below: Skis Boots Apparel Supplies Selling price $ 180,000 $ 140,000 $ 120,000 $ 60,000 Cost 128,000 133,000 90,000 45,000 Replacement cost 120,000 130,000 110,000 41,000 Sales commission 10 % 10 % 10 % 10 % In applying the lower of cost or net realizable value rule, the inventory of skis would be valued at: Multiple Choice $162,000. $128,000. $120,000. $180,000.
Data related to the inventories of Alpine Ski Equipment is shown below: Skis Boots Apparel Supplies Selling price $180,000 $150,000 $120,000 $60,000 Cost 128,000 133,000 90,000 45,000 Replacement cost 120,000 130,000 110,000 41,000 Sales commission 10% 10% 10% 10% Normal gross profit ratio 20% 20% 15% 15% In applying the LCM rule, the inventory of skis would be valued at: In applying the LCM rule, the inventory of boots would be valued at:
Data related to the inventories of Alpine Ski Equipment and Supplies is presented below: Skis Boots Apparel Supplies Selling price $ 180,000 $ 140,000 $ 120,000 $ 60,000 Cost 128,000 133,000 90,000 45,000 Replacement cost 120,000 130,000 110,000 41,000 Sales commission 10 % 10 % 10 % 10 % In applying the lower of cost or net realizable value rule, the inventory of boots would be valued at: A) $140,000. B) $133,000. C) $126,000. D) $130,000.
Data related to the inventories of Alpine Ski Equipment and Supplies is presented below: Skis Boots Supplies $75,000 Apparel Selling price $170,000 $148,000 $101,000 Cost 147,000 148,000 65,650 48,750 Replacement cost 116, 000 129,000 85,650 44,750 Sales commission 10% 10% 10% 10% In applying the lower of cost or net realizable value rule, the inventory of boots would be valued at Multiple Choice $96,200. $133.200. O S129,000o. $148,000
13) Data related to the inventories of Alpine Ski Equipment and Supplies is presented below: Skis Boots Apparel Supplies Selling price $ 180,000 $ 140,000 $ 120,000 $ 60,000 Cost 128,000 133,000 90,000 45,000 Replacement cost 120,000 130,000 110,000 41,000 Sales commission 10 % 10 % 10 % 10 % In applying the lower of cost or net realizable value rule, the inventory of skis would be valued at: A) $162,000. B) $128,000 C) $120,000. D) $180,000.
Using the following information, determine the activity rate for the purchasing activity. Activity Estimated Activity Cost Estimated Activity-Base Usage Setup $80,000 1,000 Purchasing 130,000 10,000 Inspecting 50,000 2,000 a.$2.00 b.$8.00 c.$130.00 d.$13.00
Corona Company incurred the following costs: Materials P 700,000Storage costs of finished goods 180,000Delivery to customers 40,000Irrevocable Purchase Taxes 60,000 What amount should the inventory be measured?a. 880,000b. 760,000c. 980,000d. 940,000
14. You are given the following Company Information Company LFrom the point of origin Direct materials 120.000Purchases of direct materials 228000Direct labour costs 610000Direct cost initial cost 780000 The stock cost of direct materials is the amount?
Grouse Inc. is a small distributor of mechanical pencils. Grouse identifies its three major activities and cost pools as ordering, receiving and storage, and shipping, and it reports the following details for 2019: Requirement - If all other costs and cost-driver information remain the same, by how much must Grouse reduce its total cost and cost per unit if it is to earn the same target operating income in 2020 as it earned in 2019 (and thereby earn its required rate of return on investment)? X