Chapter 2.2, Problem 1AYU

Pioneer Manufacturing has fixed costs of $60,000 and variable costs of $40 per unit. If they sell each unit for $100, how many units must be sold to earn a target profit of $40,000? (Round your answer). General Account

EXPERT OF GENERAL ACCOUNT ACCEPT IT

Billingsly Products uses the conventional retail method to estimate its ending inventories. The following data has been summarized for the year 2016: Cost Retail Inventory, January 1 $ 53,000 $ 78,000 Purchases $3,22,360 $4,66,000 Net markups Net markdowns $ 8,000 $ 16,700 $ 3,92,000 Net sales Required: Estimate the ending inventory as of December 31, 2016.