ProductQuantityCostNet Realizable ValueRevolvers17124159Spurs282520Hats115444• 3,152.S3,402.$3,244.$3,747.At what amount should OldWest report its inventory?

Formula: Inventory value to be reported = Quantity x Lower of cost Or NRV

Answered: Product Quantity Cost Net Realizable…

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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QC 58.
p17
Multiple Choice $2,371 U $7,700 U $10,800 U $16,320 U
Cost Accounting Ch. 17 1 of 6 parts
DQLSel2aduwPvlz FI5p4YPqtm2fvklcVkdFKmgEUGNwOFpSlpJg/formResponse C Expo 2002 CExpo Bodhi Amaala Tatweer Mashroat IMCTC di X Company reported the following year-end information: Beginning Raw Materials Inventory $80,000 Ending Raw Materials Inventory 70,000 Beginning Work in Process Inventory 125,000 Ending Work in Process Inventory 156,000 Raw Materials purchased 100,000 Direet labor 210,000 Manufacturing Overhead 530,000 Selling and Admmistrative Expenses 157,000 Refer to the above. what was the cost of raw materials used? $90,000 $130,000 $110.000 None of the above
QS 19-15 (Algo) Computing contribution margin LO P2 D'Souza Company sold 6,000 units of its product for $88 per unit. Each unit had $51.60 in varlable cost of goods sold and $10.80 in variable selling and administrative expenses. Compute contribution margin. D'SOUZA COMPANY Contribution Margin Sales Variable expenses Variable cost of goods sold Variable selling and administrative expenses Contribution margin Units $ per unit Total
Vd Subject: accounting
Kk.166.
For a merchandising company, a product cost includes: a. Cost of merchandise goods purchased b. All of the given costs here. С. Cost of raw materials. O d. Cost of finished goods. O e. Cost of work-in-process. hp f6 10 fg fg f10 f12 prt sc de f7 & back 6 8 V Y K V P
%24 Kesterson Corporation has provided the following information: Cost Cost per Period per Unit $7.20 $4.30 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Variable administrative expense Fixed selling and administrative expense 09 $2.20 $0.50 If 7,500 units are produced, the total amount of indirect manufacturing cost incurred is closest to: Multiple Cholce $12,000 O $36.750 re to search F4 F5 F7 F8 F10 てい1 Coca %23 V
d Al Mamari وضع التوافق تم الحفظ - BAAC3204 Cost Accounting 2- Practical Assignment Clale مراسلات bubri أبجد هوز أيجد هوز أيجد هوز =、三 A。 و استبدال Ssle 1 blait A clock manufacturing company expected that standard direct material cost per unit will be $ 150, standard labour cost per hour will be $20 , standard variable overhead cost is $15 per hour . standard fixed cost is $125000. Total hours required for producing are 12 hours. Expected number of producing is 3000 Then standard cost of the company -

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Product Quantity Cost Net Realizable Value Revolvers 17 124 159 Spurs 28 25 20 Hats 11 54 44 $3,152. s3 403