How attractive is the main sector in which McDonald"s competes (Hint: Market opportunity, growth, profitability, sustainability)? How has your company been impacted by US trade relations?
In: Finance
How attractive is the main sector in which McDonald"s competes (Hint: Market opportunity, growth, profitability, sustainability)? How has your company been impacted by US trade relations?
In: Finance
Working for a financial investments company, what are the metrics that we should apply that would help us understand that the environment is sufficiently ethical and we can rely on the financial and operational metrics? Explain?
In: Finance
Laker Company reported the following January purchases and sales data for its only product.
| Date | Activities | Units Acquired at Cost | Units sold at Retail | |||||||||||||||
| Jan. | 1 | Beginning inventory | 220 | units | @ | $ | 14.50 | = | $ | 3,190 | ||||||||
| Jan. | 10 | Sales | 170 | units | @ | $ | 23.50 | |||||||||||
| Jan. | 20 | Purchase | 170 | units | @ | $ | 13.50 | = | 2,295 | |||||||||
| Jan. | 25 | Sales | 200 | units | @ | $ | 23.50 | |||||||||||
| Jan. | 30 | Purchase | 340 | units | @ | $ | 13.00 | = | 4,420 | |||||||||
| Totals | 730 | units | $ | 9,905 | 370 | units | ||||||||||||
The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 360 units, where 340 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory.
Required:
1. Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification.
2. Determine the cost assigned to ending inventory and to cost of goods sold using weighted average.
3. Determine the cost assigned to ending inventory and to cost of goods sold using FIFO.
4. Determine the cost assigned to ending inventory and to cost of goods sold using LIFO.
In: Accounting
Laker Company reported the following January purchases and sales data for its only product.
| Date | Activities | Units Acquired at Cost | Units sold at Retail | ||||||||||||||
| Jan. | 1 | Beginning inventory | 140 | units | @ | $ | 6.00 | = | $ | 840 | |||||||
| Jan. | 10 | Sales | 100 | units | @ | $ | 15 | ||||||||||
| Jan. | 20 | Purchase | 60 | units | @ | $ | 5.00 | = | 300 | ||||||||
| Jan. | 25 | Sales | 80 | units | @ | $ | 15 | ||||||||||
| Jan. | 30 | Purchase | 180 | units | @ | $ | 4.50 | = | 810 | ||||||||
| Totals | 380 | units | $ | 1,950 | 180 | units | |||||||||||
The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 200 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory.
Required:
1. Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification.
2. Determine the cost assigned to ending inventory and to cost of goods sold using weighted average.
3. Determine the cost assigned to ending inventory and to cost of goods sold using FIFO.
4. Determine the cost assigned to ending inventory and to cost of goods sold using LIFO.
In: Accounting
Laker Company reported the following January purchases and sales data for its only product.
| Date | Activities | Units Acquired at Cost | Units sold at Retail | ||||||||||||||
| Jan. | 1 | Beginning inventory | 140 | units | @ | $ | 6.00 | = | $ | 840 | |||||||
| Jan. | 10 | Sales | 100 | units | @ | $ | 15 | ||||||||||
| Jan. | 20 | Purchase | 60 | units | @ | $ | 5.00 | = | 300 | ||||||||
| Jan. | 25 | Sales | 80 | units | @ | $ | 15 | ||||||||||
| Jan. | 30 | Purchase | 180 | units | @ | $ | 4.50 | = | 810 | ||||||||
| Totals | 380 | units | $ | 1,950 | 180 | units | |||||||||||
The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 200 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory.
Required:
1. Complete the table to determine the costs assigned to ending inventory and to cost of goods sold using specific identification.
2. Determine the costs assigned to ending inventory and to cost of goods sold using weighted average.
3. Determine the costs assigned to ending inventory and to cost of goods sold using FIFO.
4. Determine the costs assigned to ending inventory and to cost of goods sold using LIFO.
In: Accounting
Laker Company reported the following January purchases and sales data for its only product.
|
Date |
Activities |
Units Acquired at Cost |
Units sold at Retail |
||||||||||||||
|
Jan. |
1 |
Beginning inventory |
140 |
units |
@ |
$ |
6.00 |
= |
$ |
840 |
|||||||
|
Jan. |
10 |
Sales |
100 |
units |
@ |
$ |
15 |
||||||||||
|
Jan. |
20 |
Purchase |
60 |
units |
@ |
$ |
5.00 |
= |
300 |
||||||||
|
Jan. |
25 |
Sales |
80 |
units |
@ |
$ |
15 |
||||||||||
|
Jan. |
30 |
Purchase |
180 |
units |
@ |
$ |
4.50 |
= |
810 |
||||||||
|
Totals |
380 |
units |
$ |
1,950 |
180 |
units |
|||||||||||
The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 200 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory.
Required:
1. Complete the table to determine the cost
assigned to ending inventory and cost of goods sold using specific
identification.
2. Determine the cost assigned to ending inventory
and to cost of goods sold using weighted average.
3. Determine the cost assigned to ending inventory
and to cost of goods sold using FIFO.
4. Determine the cost assigned to ending inventory
and to cost of goods sold using LIFO.
In: Accounting
Laker Company reported the following January purchases and sales
data for its only product.
| Date | Activities | Units Acquired at Cost | Units sold at Retail | |||||||||||||||
| Jan. | 1 | Beginning inventory | 185 | units | @ | $ | 11.00 | = | $ | 2,035 | ||||||||
| Jan. | 10 | Sales | 145 | units | @ | $ | 20.00 | |||||||||||
| Jan. | 20 | Purchase | 100 | units | @ | $ | 10.00 | = | 1,000 | |||||||||
| Jan. | 25 | Sales | 125 | units | @ | $ | 20.00 | |||||||||||
| Jan. | 30 | Purchase | 270 | units | @ | $ | 9.50 | = | 2,565 | |||||||||
| Totals | 555 | units | $ | 5,600 | 270 | units | ||||||||||||
The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 285 units, where 270 are from the January 30 purchase, 5 are from the January 20 purchase, and 10 are from beginning inventory.
1. Complete the table to determine the cost
assigned to ending inventory and cost of goods sold using specific
identification.
2. Determine the cost assigned to ending inventory
and to cost of goods sold using weighted average.
3. Determine the cost assigned to ending inventory
and to cost of goods sold using FIFO.
4. Determine the cost assigned to ending inventory
and to cost of goods sold using LIFO.
In: Accounting
Laker Company reported the following January purchases and sales data for its only product.
| Date | Activities | Units Acquired at Cost | Units sold at Retail | ||||||||||||||
| Jan. | 1 | Beginning inventory | 140 | units | @ | $ | 6.00 | = | $ | 840 | |||||||
| Jan. | 10 | Sales | 100 | units | @ | $ | 15 | ||||||||||
| Jan. | 20 | Purchase | 60 | units | @ | $ | 5.00 | = | 300 | ||||||||
| Jan. | 25 | Sales | 80 | units | @ | $ | 15 | ||||||||||
| Jan. | 30 | Purchase | 180 | units | @ | $ | 4.50 | = | 810 | ||||||||
| Totals | 380 | units | $ | 1,950 | 180 | units | |||||||||||
The Company uses a perpetual inventory system. For specific identification, ending inventory consists of 200 units, where 180 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory.
Required:
1. Complete the table to determine the cost assigned to ending inventory and cost of goods sold using specific identification.
2. Determine the cost assigned to ending inventory and to cost of goods sold using weighted average.
3. Determine the cost assigned to ending inventory and to cost of goods sold using FIFO.
4. Determine the cost assigned to ending inventory and to cost of goods sold using LIFO.
In: Accounting
Use the following information for the Exercises below. [The following information applies to the questions displayed below.] Laker Company reported the following January purchases and sales data for its only product. Date Activities Units Acquired at Cost Units sold at Retail Jan. 1 Beginning inventory 210 units @ $ 13.50 = $ 2,835 Jan. 10 Sales 160 units @ $ 22.50 Jan. 20 Purchase 150 units @ $ 12.50 = 1,875 Jan. 25 Sales 180 units @ $ 22.50 Jan. 30 Purchase 340 units @ $ 12.00 = 4,080 Totals 700 units $ 8,790 340 units rev: 03_03_2017_QC_CS-81438, 10_11_2018_QC_CS-142961 Exercise 6-5A Periodic: Inventory costing LO P3 Required: The Company uses a periodic inventory system. For specific identification, ending inventory consists of 360 units, where 340 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory. Determine the cost assigned to ending inventory and to cost of goods sold using (a) specific identification, (b) weighted average, (c) FIFO, and (d) LIFO.
In: Accounting