Drago Company has a fiscal year end on December 31. The company has only one product in inventory, and all units of that product are identical (homogenous). The opening balance unit price is $12 per unit. Complete the following schedule to calculate the value of ending inventory using the weighted-average cost method under the perpetual inventory system. Then calculate the cost of goods sold for the year 2022. Do not enter dollar signs or commas in the input boxes. Round all answers to 2 decimal places. Date Purchases Jan 26 Feb 18 Mar 6 Apr 27 Jul 21 Sep 3 Nov 16 Quantity Cost Quantity Cost Quantity Required 14 $13.00 32 $15.00 17 $17.00 Sales Calculate the cost of goods sold. 15 $12.75 34 $13.24 11 $13.24 Balance 100 $1200 114 $ 146 $ 131 $ 148 $ 114 $ Value 103 $

Drago Company has a fiscal year end on December 31. The company has only one product in inventory, and all units of that product are identical (homogenous). The opening balance unit price is $12 per unit. Complete the following schedule to calculate the value of ending inventory using the weighted-average cost method under the perpetual inventory system. Then calculate the cost of goods sold for the year 2022. Do not enter dollar signs or commas in the input boxes. Round all answers to 2 decimal places. Date Purchases Jan 26 Feb 18 Mar 6 Apr 27 Jul 21 Sep 3 Nov 16 Quantity Cost Quantity Cost Quantity Required 14 $13.00 32 $15.00 17 $17.00 Sales Calculate the cost of goods sold. 15 $12.75 34 $13.24 11 $13.24 Balance 100 $1200 114 $ 146 $ 131 $ 148 $ 114 $ Value 103 $

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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A direct quote of €0.1256/Dkr is equivalent to an indirect quote of a . Dkr 7.962/€ b . Dkr 7.8654/€ c . Dkr 0.8654/€ d . Dkr 1.1345/€
differecne between 401K and a 401B
Table 4.2 Currency Cross Rates (2:00 p.m. ET, Per CS Canadian dollar (C$). U.S. dollar (US$) Euro (€) Japanese yen (x) British pound (£) Swiss franc (Swfr) Australian dollar (A$) 0.75569 0.65537 January Per US$ 1.32329 11, 2019) Per Y Per C 0.012238 1.52586 1.15307 0.009249 0.008021 0.86725 . 81.71270 108.11980 124,67273) 0.59198 0.73894 1.05216 0.78337 0.97783 1.39232 Per E 1.68925 1.27654 1.10720- 138.12155 0.90318 0.00724 0.00904 1.12744 0.01288 1.60535 Per Sw fr Per AS 1,35328 0.95043 1.02267 0.71823 0.88697 0.62292 110.61947 77.63975 0.80122 0.56273 0.70245 1.24809 1.77704 1.42359 If the C$ strengthens by £0.0021 from the value in Table 4.2, what will be the new value of C$ per £1.00? (Do not round your intermediate calculations. Round your answer to 4 decimal places.) New value C$ per £1.00