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- 2If Order order size is 400, carrying cos rS0.4, rates items sold 40perday, then total costfor leyele:REI sells snowboards. Assume the following information relates to REI's purchases of snowboards durin September. During the same month, 116 snowboards were sold. Date Sept. 1 Sept. 12 Sept. 19 Sept. 26 Date Explanation Units Unit Cost Inventory $106 Purchases Purchases Purchases Sept. 5 Sept. 16 Sept. 29 Totals Sale Sale Sale Totals Units 8 54 54 15 116 49 58 23 Additional data regarding the company's sales of snowboards are provided below. Assume that REI uses a perpetual inventory system. 145 109 110 111 Total Cost $1,590 5,341 6,380 2,553 $15,864
- If a company has four lots of products for sale, purchase 1 (earliest) for $17, purchase 2 (middle) for$15, purchase 3 (middle) for $12, and purchase 4 (latest) for $14, which cost would be assumed to be sold firstusing LIFO costing?A. $17B. $15C. $12D. $14Calculate necessary data where you have a ? in the tableIn the following MRP planning schedule for Item J, indicate the correct net requirements, planned-order receipts, and planned-order relesses to meet the gross requirements. Lesd time is one week. (Leave the cells blank, whenever zero (0) is required.) WEEK NUMBER 2 ITEM I 1 4 5 Gross requirenents 75 5e 70 On- hand 40 Net requirements Planned-order receipt Planned-order release Perlod 2 4 5 Grass requirements 75 50 70 Scheduled receipts Item: J ОН: 40 LT: 1 SS: 0 Q: L4L Projected available balance Net requirements Planned order receipts Planned order releases
- REI sells snowboards. Assume the following information relates to REI's purchases of snowboards during September. During the same month, 110 snowboards were sold. Date Sept. 1 Sept. 12 Sept. 19 Sept. 26 Date Explanation Units Inventory Purchases Sept. 5 Sept. 16 Sept. 29 Purchases Purchases Totals Sale Sale Sale Totals Units 8 48 54 13 110 45 58 23 Additional data regarding the company's sales of snowboards are provided below. Assume that REI uses a perpetual inventory system. 139 Unit Cost $107 110 111 112 Total Cost $1,391 4,950 6,438 2,576 $15,355Calculate cost of goods sold and ending inventory for Emergicare's bandages orders using FIFO, LIFO and average cost. There are 22 units in ending inventory. (Do not round your intermediate calculation and round your final answers to the nearest cent.) Date Unita purchaned January 1 April 1 June 1 40 30 52 Cont per unit 事6。00 6.00 5.00 Total cost $240.00 180.00 260.00 270.00 September 1 Total 45 6.00 167 $950.00 Cost of goods sold Ending inventory FIFO LIFO Average costOn-time arrivals, lost baggage, and customer complaints are three measures that are typically used to measure the quality of service being offered by airlines. Suppose that the following values represent the on-time arrival percentage, amount of lost baggage, and customer complaints for 10 U.S. airlines. a. Based on the data above, if you randomly choose a Delta Air Lines flight, what is the probability that this individual flight will have an on-time arrival? b. If you randomly choose 1 of the 10 airlines for a follow-up study on airline quality ratings, what is the probability that you will choose an airline with less than two mishandled baggage reports per 1,000 passengers? c. If you randomly choose 1 of the 10 airlines for a follow-up study on airline quality ratings, what is the probability that you will choose an airline with more than one customer complaint per 1,000 passengers? d. What is the probability that a randomly selected AirTran Airways flight will not arrive on time?
- calculate this account questions profit ratioCalculate the cost of material available for use, cost of material issued and cost of material ending under FIFO and LIFO methods (periodic system). Also give the journal entries under each of the method. Date detail Units cost per unit Rs. Total cost Rs. Jan 1 beg inventory 20 10 200 Jan 5 Purchases 50 11 550 Jan 6 issued 30 Jan 9 Purchases 40 12 480 Jan 15 Purchases 20 13 260 Jan 20 Issued 60 Jan 28 Purchases 10 15 150on A manufacturing company has a beginning finished goods inventory balance of $14,600, cost of goods manufactured of $32,500 and an ending The cost of goods sold is: ous page O a. $29,3000 O b. $27,600 O c. $32,500 O d. $21,200 Type here to search W £ 3 E $ 4 O € R S II % 5 C O 6 finished goods inventory balance of $17,800. # @ 3' B H 6 U 8 1₁ N M