Rona Company Pone /731. Rono Compony uses the perpetud inventory syst em Theinveri ary transacticrsfor August f the cure year were dlows:UnitsX1,00010.000X0,00015.000X0.00040,0003.000AUg.1 Beginning7 Purchase10 Purchose12 Sale16 Purchose20 SaleUnit CostTota Cost80.0004200086.0004,004,204.304,6092.0008 Sdles retunsThe soles relurs relotes1othe August 20sde. if ihe FIFO cost fiow method isUsed, the sdes returrs shdi be cosied backintoinveniay at what urii cost ?0. 4.00D. 420C. 4.30d. 460

It is pertinent to note that under FIFO method inventory that is purchased at earlier dates is sold…

Poge /7 31. Rono Compony uses the perpetud inventory system Theinventay transactions for August the curre year were sfdlows: Aug. i Beginning 7 Purchase 10 Purchose 12 Sale 16 Purchose 20 Sade Urits X0.000 10,000 20,000 15,000 X0,000 40,000 3000 Unit Cost Totd Cost 4.00 80.000 42000 86.000 4,20 4.30 4.60 92.000 8 Sdes returs The soles returs reates tothe August 2Dsde. f the AFOcost flow methodis Used, the sdes retuns shal be costed backintoinvetay at what uit cosi ? 0. 4.00 D. 4,20 C. 430 d. 460

Poge /7 31. Rono Compony uses the perpetud inventory system Theinventay transactions for August the curre year were sfdlows: Aug. i Beginning 7 Purchase 10 Purchose 12 Sale 16 Purchose 20 Sade Urits X0.000 10,000 20,000 15,000 X0,000 40,000 3000 Unit Cost Totd Cost 4.00 80.000 42000 86.000 4,20 4.30 4.60 92.000 8 Sdes returs The soles returs reates tothe August 2Dsde. f the AFOcost flow methodis Used, the sdes retuns shal be costed backintoinvetay at what uit cosi ? 0. 4.00 D. 4,20 C. 430 d. 460

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

What factors explain the differences in company performance in the same industry?
Explain the difference between a centralized company and a decentralized company.
Describe Corporate Gvernance?
Data needed: SFP Asset section 1. Cash 16.3% 2. AR 6.3% 3. Short term investment 0.2% 4. Inventory 2.2% 5. Prepaid expenses 0.4% 6. PPE 74.7% Data needed: SFP Liabilities and OE section. 1. Current liab 16% 2. Non-current liab 34.2% 3. OE 49.9% Data needed: SCI 1. COGS 38.6% 2. Selling and admin exp 6.8% 3. Interest exp 0.1% 4. Income tax exp 0.5% 5. Net income 54%
Why is hedging relevant for a company?
Which of the following is a facility-level activity? O Engineering changes O Product design O Property taxes ○ Inspection
Decision to Discontinue a Product
Which of the following allows consumers and suppliers to connect directly, removing the need for a third party? Select one: A. Gold Chain Technologies B. Black Chain Technologies C. Block Change Technologies O D. Block Chain Technologies
Am. 215.
What is the difference between purchasing digitaladvertisements with a cost-per-impression structureversus a cost-per-dick structure? Is one better than theother?
What type of company will most likely establish a cookie jar?
What is the tools TQM for Mercedes company subject technology management