Date Items Cost Total Cost

March 1 10 $120 $1,200

March 4 13 $115 $1,495

March 16 20 $105 $2,100

March 28 18 $100 $1,800

Total 61 $6,595

During the month, 20 of the items were sold. Identify which cost flow assumption would achieve the indicated result.

Group of answer choices

Higher net income

FIFO            Weighted-Average            LIFO      

Lower net income

FIFO            Weighted-Average            LIFO      

Higher Inventory on the Balance Sheet

FIFO            Weighted-Average            LIFO      

Lower Inventory on the Balance Sheet

FIFO            Weighted-Average            LIFO      

Hermione Co. reported the information shown in Table 5-1.

Table 5-1

10.       Refer to Table 5-1. Assume that Hermione uses perpetual LIFO. The cost of the ending inventory is:

A.        $1,700.

B.         $1,670.

C.         $1,655.

D.        $1,600.

11.       Refer to Table 5-1. Assume that Hermione uses perpetual weighted average costing. The average cost of a unit sold on June 22 is:

A.        $400.

B.         $402.50.

C.         $404.

D.        $405.

12.       Refer to Table 5-1. Assume that Hermione uses perpetual FIFO. The entry to record the March 1 credit sale at a sale price of $800 per unit would include all of the following EXCEPT a:

A.        credit to Inventory, $2,400.

B.         debit to Cost of Goods Sold, $1,200.

C.         debit to Accounts Receivable, $2,400.

D.        credit to Sales Revenue, $2,400.

13.       Refer to Table 5-1. Assume that Hermione uses periodic FIFO. The cost of goods sold for the period is:

A.        $2,470.

B.         $2.410.

C.         $1,660.

D.        $1,600.

I understand the first half just not the both half.

Sportz, Inc., manufactures athletic shoes and athletic clothing for both amateur and professional athletes. The company has two product lines (clothing and shoes), which are produced in separate manufacturing facilities; however, both manufacturing facilities share the same support services for information technology and human resources. The following shows total costs for each manufacturing facility and for each support department.

The total costs of the support departments (IT and HR) are allocated to the production departments (clothing and shoes) using a single rate based on the following:

Information technology: Number of IT labor-hours worked by department
Human resources: Number of employees supported by department

Data on the bases, by department, are given as follows:

What are the total costs of the production departments (clothing and shoes) after the support department costs of information technology and human resources have been allocated using (a) the direct method, (b) the step-down method (allocate information technology first), (c) the step-down method (allocate human resources first), and (d) the reciprocal method?

Assume that all of the work of the IT department could be outsourced to an independent company for $97.50 per hour. If Sportz no longer operated its own IT department, 30% of the fixed costs of the IT department could be eliminated. Should Sportz outsource its IT services?

what is that X suppose to mean ?is the answer 60,005?

Which product costing system distributes costs evenly across total production?

Variable cost system

Standard cost system

Process cost system

Job order cost system

Compute the cost of the ending inventory and the cost of goods sold under FIFO and average-cost.

Isle Royale, the islands of Cape Hatteras National Seashore, Nantucket, California's Channel Islands, and Elliott Key in Biscayne National Park are all islands, but they all formed in different ways. Describe the different geological processes that created these different islands.

A random group of thirty customers at a local theater was interviewed regarding their movie viewing habits. The following responses were obtained for the question, “How many times during the past month did you go to the movies?” Number of movies attended 0 1 2 3 4 Number of customers 3 10 8 6 3 a. b. Find the probability that a customer selected at random went to the movies:

1) more than one time, 2) two times, 3) at least two times, 4) no more than three times.

The fact that BE/A is greatest for A near 60 implies that the range of the nuclear force is about the diameter of such nuclides.

(a) Calculate the diameter of an A = 60 nucleus.
________ fm
(b) Calculate BE/A for ⁵⁶Fe and ¹⁰²Ru. The first is one of the most tightly bound nuclides, while the second is larger and less tightly bound.
⁵⁶Fe
________ MeV
¹⁰²Ru
________ MeV