please solve it. NOTE: General Account Muckenthaler Company sells product 2005WSC for$20 per unit. The cost of one unit of 2005WSC is $18,and the replacement cost is $17. The estimated cost todispose of a unit is $4, and the normal profit is 40%.At what amount per unit should product 2005 WSC bereported, applying lower-of-cost or market?

Applying the lower of cost or market rule to report the product:- Given: Cost = $18 Replacement cost…

Answered: Muckenthaler Company sells product…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter14: Capital Structure Management In Practice

Section14.A: Breakeven Analysis

Problem 7P

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Subject :- General Account
Carla Vista Company sells product 1976NLC for $20 per unit. The cost of one unit of 1976NLC is $21, and the replacement cost is $20. The estimated cost to dispose of a unit is $4, and the normal profit is 30% of selling price. At what amount per unit should product 1976NLC be reported, applying lower-of-cost-or-market?
Sheridan Company sells product 2005WSC for $65 per unit. The cost of one unit of 2005WSC is $62, and the replacement cost is $61. The estimated cost to dispose of a unit is $6, and the normal profit is 40% of selling price. At what amount per unit should product 2005WSC be reported, applying lower-of-cost-or-market? a.) $61. b.) $59. c.) $62. d.) $33.
Oriole Company sells product 1976NLC for $31.00 per unit. The cost of one unit of 1976NLC is $30, and the replacement cost is $29.00. The estimated cost to dispose of a unit is $4.00, and the normal profit is 40% of the selling price. At what amount per unit should product 1976NLC be reported, applying lower-of-cost-or-market? $29.00. $27.00. $30.00.
Sunland Company sells product 2005WSC for $70 per unit and uses the LIFO method. The cost of one unit of 2005WSC is $67, and the replacement cost is $66. The estimated cost to dispose of a unit is $6, and the normal profit is 40% of the selling price. At what amount per unit should product 2005 WSC be reported, applying lower - of - cost - or - market? Select answer from the options below $66. $36. $64. $67.
Blossom Company sells product 2005WSC for $90 per unit. The cost of one unit of 2005WSC is $87, and the replacement cost is $86. The estimated cost to dispose of a unit is $6, and the normal profit is 40% of selling price. At what amount per unit should product 2005WSC be reported, applying lower-of-cost-or-market? $86. $87. $48. $84.
general account questions
A product is currently reported on the balance sheet at a cost of $29. The selling price of the product is currently $30 and disposal costs are $3. If the company had to buy the product today, it would pay $28. The product has a normal profit margin on sales of 30%. What amount should the product be valued at under each of the following methods? Lower of Cost or Market (LCM) Lower of Cost of Net Realizable Value (LCNRV)
company normally sells its product for $20 per unit. However, the selling price has fallen to $15 per unit. This company's current FIFO inver onsists of 200 units purchased at $16 per unit. Net realizable value has now fallen to $13 per unit. What is the amount of the lower cost of m djustment the company must make as a result of this decline in value? Multiple Choice $1,000. $1,400. $400. $800.
Kando Company incurs a $11.00 per unit cost for Product A, which it currently manufactures and sells for $18.50 per unit. Instead of manufacturing and selling this product, the company can purchase it for $4.00 per unit and sell it for $16.00 per unit. If it does so, unit sales would remain unchanged and $4.00 of the $11.00 per unit costs of Product A would be eliminated. 1. Prepare Incremental cost analysis. Should the company continue to manufacture Product A or purchase it for resale? (Round your answers to 2 decimal places.) Selling price per unit Cost per unit to make Cost per unit to buy Cost per unit not eliminated if bought Income per unit Company should: Make Buy
Can you please check my work
Nicolas Inc. sells a product for $109 per unit. The variable cost is $66 per unit, while fixed costs are $621,264. Determine (a) the break-even point in sales units and (b) the break-even point if the selling price were increased to $114 per unit.a. Break-even point in sales units fill in the blank 1 of 2 unitsb. Break-even point if the selling price were increased to $114 per unit fill in the blank 2 of 2 units

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