AssignmentCALCULATORFULL SCREENPRINTER VIExercise 6-09 a1,a2, b (Part Level Submission)Moath Company reports the following for the month of June.Unit CostTotal Cost$ 1,000UnitsJune 1Inventory200$512Purchase40062,40023Purchase3002,10030Inventory100(a1)|Your answer is incorrect. Try again.Calulate Weighted Average Unit Cost. (Round answer to 2 decimal places, e.g. 15.25.)Weighted Average Unit CostLINK TO TEXTAttempts: 1 of 15 usedSAVE FOR LAT

Weighted Average Unit Cost = Total Cost of goods available / Total units

Exercise 6-09 a1,a2, b (Part Level Submission) Moath Company reports the following for the month of June. Units Unit Cost $5 Total Cost $ 1,000 June 1 Inventory 200 12 Purchase 400 6 2,400 23 Purchase 300 7 2,100 30 Inventory 100 * (a1) Your answer is incorrect. Try again. Calulate Weighted Average Unit Cost. (Round answer to 2 decimal places, e.g. 15.25.) Weighted Average Unit Cost LINK TO TEXT

Exercise 6-09 a1,a2, b (Part Level Submission) Moath Company reports the following for the month of June. Units Unit Cost $5 Total Cost $ 1,000 June 1 Inventory 200 12 Purchase 400 6 2,400 23 Purchase 300 7 2,100 30 Inventory 100 * (a1) Your answer is incorrect. Try again. Calulate Weighted Average Unit Cost. (Round answer to 2 decimal places, e.g. 15.25.) Weighted Average Unit Cost LINK TO TEXT

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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Radakrishnan Corporation begins business in 20X5, decides to use LIFO costing, and makes the following purchases in 20X5: Purchase Date Units Purchased February 12 May 4 July 18 September 11 November 1 December 8 Total AO B 600 C 2,300 2,900 2,200 $128,423 4,800 $112,874 1,100 13,900 $122,481 Unit Cost $105,741 $32 $34 $35 $38 $40 $44 Total Cost $19,200 Radakrishnan's 20X5 year-end physical count yields 4,600 units, and its 20X6 physical count yields 3,100 units. What is Radakrishnan's 20X6 ending inventory? When calculating the cost per unit, round the calculated result to two decimal places (for example, $30.10). 78,200 101,500 83,600 192,000 48,400 $522,900
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Final Exam Units Unit You sell 100 units in $2.00 June. Calculate the cost of goods sold using last-in, first-out. Received Cost June 4 70 June 11 30 $3.00 June 18 60 $2.10 June 25 40 $2.40 A. $2.22 B. $2.10 C. $2.30 D. $2.26 21 Acellus Corporation. All Rights Reserved.
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6. Required information Skip to question [The following information applies to the questions displayed below.]Ferris Company began January with 4,000 units of its principal product. The cost of each unit is $8. Merchandise transactions for the month of January are as follows: Purchases Date of Purchase Units Unit Cost* Total Cost Jan. 10 3,000 $ 9 $ 27,000 Jan. 18 4,000 10 40,000 Totals 7,000 67,000 * Includes purchase price and cost of freight. Sales Date of Sale Units Jan. 5 2,000 Jan. 12 1,000 Jan. 20 3,000 Total 6,000 5,000 units were on hand at the end of the month. 5. Calculate January's ending inventory and cost of goods sold for the month using Average cost, perpetual system. (Round average cost per unit to 4 decimal places. Enter sales with a negative sign.)
As a Chief financial officer (CFO) recommend three actions you could take regarding the company's supply chain to reduce manufacturing cost of direct materials? Which of the three would be your priority and why?
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Accounting PART B Glico Wings uses FIFO actual costing system. The value of fixed manufacturing cost rate calculated at the end of the year through dividing the actual fixed manufacturing cost by the actual production units. Glico Wings sold only 1 product type called Matcha Mochi which has a selling price $3/unit. Glico Wings prepares income statement using absorption costing as below: 2021 (in $) 2022 (in $) Revenues (Price @ $3) Cost of goods sold: Beginning inventory Variable manufacturing costs Fixed manufacturing costs Cost of goods available for sale Deduct ending inventory Cost of goods sold Gross margin Operating costs: Variable operating costs Fixed operating costs Total operating costs Operating income 3000 3600 400 700 500 700 700 1400 1600 (400) (240) 1000 1360 2000 2240 1000 1200 400 400 1400 1600 600 640 Additional information 2021 2022 Production 1400 unit 1000 unit Required: 1. Prepare income statement based on variable costing for 2021 and 2022 2. Prepare a numerical…