Required information
[The following information applies to the questions
displayed below.]
Warnerwoods Company uses a perpetual inventory system. It entered
into the following purchases and sales transactions for
March.
| Date | Activities | Units Acquired at Cost | Units Sold at Retail | |||||||||
| Mar. | 1 | Beginning inventory | 100 | units | @ $50.00 per unit | |||||||
| Mar. | 5 | Purchase | 400 | units | @ $55.00 per unit | |||||||
| Mar. | 9 | Sales | 420 | units | @ $85.00 per unit | |||||||
| Mar. | 18 | Purchase | 120 | units | @ $60.00 per unit | |||||||
| Mar. | 25 | Purchase | 200 | units | @ $62.00 per unit | |||||||
| Mar. | 29 | Sales | 160 | units | @ $95.00 per unit | |||||||
| Totals | 820 | units | 580 | units | ||||||||
3. Compute the cost assigned to ending
inventory using (a) FIFO, (b) LIFO, (c)
weighted average, and (d) specific identification. For
specific identification, the March 9 sale consisted of 80 units
from beginning inventory and 340 units from the March 5 purchase;
the March 29 sale consisted of 40 units from the March 18 purchase
and 120 units from the March 25 purchase.
In: Accounting
Required information
[The following information applies to the questions
displayed below.]
Warnerwoods Company uses a perpetual inventory system. It entered
into the following purchases and sales transactions for
March.
| Date | Activities | Units Acquired at Cost | Units Sold at Retail | |||||||||
| Mar. | 1 | Beginning inventory | 100 | units | @ $50.00 per unit | |||||||
| Mar. | 5 | Purchase | 400 | units | @ $55.00 per unit | |||||||
| Mar. | 9 | Sales | 420 | units | @ $85.00 per unit | |||||||
| Mar. | 18 | Purchase | 120 | units | @ $60.00 per unit | |||||||
| Mar. | 25 | Purchase | 200 | units | @ $62.00 per unit | |||||||
| Mar. | 29 | Sales | 160 | units | @ $95.00 per unit | |||||||
| Totals | 820 | units | 580 | units | ||||||||
3. Compute the cost assigned to ending
inventory using (a) FIFO, (b) LIFO, (c)
weighted average, and (d) specific identification. For
specific identification, the March 9 sale consisted of 80 units
from beginning inventory and 340 units from the March 5 purchase;
the March 29 sale consisted of 40 units from the March 18 purchase
and 120 units from the March 25 purchase.
In: Accounting
Required information
[The following information applies to the questions
displayed below.]
Warnerwoods Company uses a perpetual inventory system. It entered
into the following purchases and sales transactions for
March.
| Date | Activities | Units Acquired at Cost | Units Sold at Retail | |||||||||
| Mar. | 1 | Beginning inventory | 90 | units | @ $50.80 per unit | |||||||
| Mar. | 5 | Purchase | 220 | units | @ $55.80 per unit | |||||||
| Mar. | 9 | Sales | 250 | units | @ $85.80 per unit | |||||||
| Mar. | 18 | Purchase | 80 | units | @ $60.80 per unit | |||||||
| Mar. | 25 | Purchase | 140 | units | @ $62.80 per unit | |||||||
| Mar. | 29 | Sales | 120 | units | @ $95.80 per unit | |||||||
| Totals | 530 | units | 370 | units | ||||||||
3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. For specific identification, the March 9 sale consisted of 60 units from beginning inventory and 190 units from the March 5 purchase; the March 29 sale consisted of 40 units from the March 18 purchase and 80 units from the March 25 purchase.
In: Accounting
[The following information applies to the questions
displayed below.]
Warnerwoods Company uses a perpetual inventory system. It entered
into the following purchases and sales transactions for
March.
| Date | Activities | Units Acquired at Cost | Units Sold at Retail | |||||||||
| Mar. | 1 | Beginning inventory | 150 | units | @ $52.00 per unit | |||||||
| Mar. | 5 | Purchase | 250 | units | @ $57.00 per unit | |||||||
| Mar. | 9 | Sales | 310 | units | @ $87.00 per unit | |||||||
| Mar. | 18 | Purchase | 110 | units | @ $62.00 per unit | |||||||
| Mar. | 25 | Purchase | 200 | units | @ $64.00 per unit | |||||||
| Mar. | 29 | Sales | 180 | units | @ $97.00 per unit | |||||||
| Totals | 710 | units | 490 | units | ||||||||
3. Compute the cost assigned to ending
inventory using (a) FIFO, (b) LIFO, (c)
weighted average, and (d) specific identification. For
specific identification, the March 9 sale consisted of 90 units
from beginning inventory and 220 units from the March 5 purchase;
the March 29 sale consisted of 70 units from the March 18 purchase
and 110 units from the March 25 purchase.
In: Accounting
Warnerwoods Company uses a periodic inventory system. It entered
into the following purchases and sales transactions for
March.
| Date | Activities | Units Acquired at Cost | Units Sold at Retail | |||||||||
| Mar. | 1 | Beginning inventory | 100 | units | @ $50.00 per unit | |||||||
| Mar. | 5 | Purchase | 400 | units | @ $55.00 per unit | |||||||
| Mar. | 9 | Sales | 420 | units | @ $85.00 per unit | |||||||
| Mar. | 18 | Purchase | 120 | units | @ $60.00 per unit | |||||||
| Mar. | 25 | Purchase | 200 | units | @ $62.00 per unit | |||||||
| Mar. | 29 | Sales | 160 | units | @ $95.00 per unit | |||||||
| Totals | 820 | units | 580 | units | ||||||||
For specific identification, the March 9 sale consisted of 80 units
from beginning inventory and 340 units from the March 5 purchase;
the March 29 sale consisted of 40 units from the March 18 purchase
and 120 units from the March 25 purchase.
3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. (Round your average cost per unit to 2 decimal places.)
In: Accounting
Required information
[The following information applies to the questions
displayed below.]
Warnerwoods Company uses a perpetual inventory system. It entered
into the following purchases and sales transactions for
March.
| Date | Activities | Units Acquired at Cost | Units Sold at Retail | |||||||||
| Mar. | 1 | Beginning inventory | 100 | units | @ $50.00 per unit | |||||||
| Mar. | 5 | Purchase | 400 | units | @ $55.00 per unit | |||||||
| Mar. | 9 | Sales | 420 | units | @ $85.00 per unit | |||||||
| Mar. | 18 | Purchase | 120 | units | @ $60.00 per unit | |||||||
| Mar. | 25 | Purchase | 200 | units | @ $62.00 per unit | |||||||
| Mar. | 29 | Sales | 160 | units | @ $95.00 per unit | |||||||
| Totals | 820 | units | 580 | units | ||||||||
3. Compute the cost assigned to ending
inventory using (a) FIFO, (b) LIFO, (c)
weighted average, and (d) specific identification. For
specific identification, the March 9 sale consisted of 80 units
from beginning inventory and 340 units from the March 5 purchase;
the March 29 sale consisted of 40 units from the March 18 purchase
and 120 units from the March 25 purchase.
In: Accounting
Warnerwoods Company uses a periodic inventory system. It entered
into the following purchases and sales transactions for
March.
| Date | Activities | Units Acquired at Cost | Units Sold at Retail | |||||||||
| Mar. | 1 | Beginning inventory | 195 | units | @ $85 per unit | |||||||
| Mar. | 5 | Purchase | 495 | units | @ $90 per unit | |||||||
| Mar. | 9 | Sales | 515 | units | @ $120 per unit | |||||||
| Mar. | 18 | Purchase | 310 | units | @ $95 per unit | |||||||
| Mar. | 25 | Purchase | 390 | units | @ $97 per unit | |||||||
| Mar. | 29 | Sales | 350 | units | @ $130 per unit | |||||||
| Totals | 1,390 | units | 865 | units | ||||||||
For specific identification, the March 9 sale consisted of 60 units from beginning inventory and 455 units from the March 5 purchase; the March 29 sale consisted of 135 units from the March 18 purchase and 215 units from the March 25 purchase.
3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. (Round your average cost per unit to 2 decimal places
In: Accounting
The following information applies to the questions displayed
below.]
Warnerwoods Company uses a perpetual inventory system. It entered
into the following purchases and sales transactions for
March.
| Date | Activities | Units Acquired at Cost | Units Sold at Retail | |||||||||
| Mar. | 1 | Beginning inventory | 70 | units | @ $50.40 per unit | |||||||
| Mar. | 5 | Purchase | 210 | units | @ $55.40 per unit | |||||||
| Mar. | 9 | Sales | 230 | units | @ $85.40 per unit | |||||||
| Mar. | 18 | Purchase | 70 | units | @ $60.40 per unit | |||||||
| Mar. | 25 | Purchase | 120 | units | @ $62.40 per unit | |||||||
| Mar. | 29 | Sales | 100 | units | @ $95.40 per unit | |||||||
| Totals | 470 | units | 330 | units | ||||||||
3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. For specific identification, the March 9 sale consisted of 50 units from beginning inventory and 180 units from the March 5 purchase; the March 29 sale consisted of 30 units from the March 18 purchase and 70 units from the March 25 purchase.
In: Accounting
A). Suppose Travel and Leisure reported the average hotel price in Miami, Florida, was $153.57 per night in 2019. Assume the population standard deviation is $26.86 and that a random sample of 30 hotels was selected. Calculate the standard error of the mean.
B). According to the US Labor Department, the average hourly wage for private-sector production and non-supervisory workers was $20.04 in February 2013. Assume the standard deviation for this population is $6.00 per hour. A random sample of 35 workers from this group was selected. What is the standard error of the mean?
C). According to the US Labor Department, the average hourly wage for private-sector production and non-supervisory workers was $20.04 in February 2013. Assume the standard deviation for this population is $6.00 per hour. A random sample of 35 workers from this group was selected. What is the probability that the mean for this sample is less than $19.00?
D). According to the US Labor Department, the average hourly wage for private-sector production and non-supervisory workers was $20.04 in February 2013. Assume the standard deviation for this population is $6.00 per hour. A random sample of 35 workers from this group was selected. What is the probability that the mean for this sample is more than $20.84??
How would we interpret the probability calculated in the questions D?
E). According to the US Labor Department, the average hourly wage for private-sector production and non-supervisory workers was $20.04 in February 2013. Assume the standard deviation for this population is $6.00 per hour. A random sample of 35 workers from this group was selected. What is the probability that the mean for this sample is exactly $20.00?
In: Statistics and Probability
1.The pre merger balance sheets of firm A and B are given below.Firm A is interested in taking over firm B.Prepare the post- merger balance sheet for firm A according to the pooling of interest method.
| Firm A | |||
| Current Assets | US $10000 | Current Liabilities | US $6000 |
| Net Fixed Assets | US$35000 | Long Term Debt | US $10000 |
| Equity | US$29000 | ||
| Total | US $45000 | US$45000 |
| Firm B | |||
| Current Assets | US$4000 | Current Liabilities | US$2000 |
| Net Fixed Assets | US$7000 | Long Term Debt | US$2500 |
| Equity | US$6500 | ||
| Total | US$11000 | US$11000 |
2.Using the Same balance sheets in Question 1,Prepare the post -merger balance sheet for A under the Purchase Method.Take into account the following additional information:
(A) The fair value of the firm B's net fixed assets is US$10000
(B) Firm A pays US$20000 for firm Band Finances the purchase by issuing additional long -term debt
In: Finance