• Purchased 100 pieces of Item A at P30 per piece. Sold the 80 pieces at P60;• Purchased 150 pieces of Item B at P70 per piece. Sold the 120 pieces at P150;• Purchased 20 pieces of Item C at P100 per piece. Sold the 18 pieces at P200.What is the total amount of sales for the three items?a. 110,700O b. 26,400c. 89,380O d. 32,500

In this question we are required to calculate the amount of sales for three items. Amount of sale is…

Answered: • Purchased 100 pieces of Item A at P30…

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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ABFHRL437 Corporation's info is below: (Baruch College Exam) Sales $843,000 VC $168,600 FC $14,350 NOI $660,050 (ID#63561) Q) How much is ABFHRL437's Contribution Margin? A) $ < P.hex
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Instructions (X) Jonas Company purchased a photocopier that cost $15,000. The copier was expected to last for 1.25 million copies. In the first year of service the copier produced 180,000 copies, in the second year 250,000 copies and in the third year it had produced 175,000 copies. The company decided to sell the machine for $6,500 in the third year. Required: 1. Record the purchase and the three years of depreciation. 2. Record the subsequent gain or loss on the disposal of the machine.

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