A company's inventory records report the following in November of the current year: BeginningNovember 15 units @ $20PurchaseNovember 210 units @ $22PurchaseNovember 126 units @ $25On November 8, it sold 12 units for $54 each. Using the LIFO perpetual inventory method, what was the amount recorded in the cost of goods sold account for the 12 units sold?
A. $282
B. $188
C. $260
D. $210
E. $254
Answer: C
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The operating cash flow available for company use after purchasing the fixed assets that are necessary to maintaincurrent productive capacity is called the
a. free cash flow b. modified cash flow c. PPE cash flow d. restricted cash flow
Whitney Company treats each division as a profit center and expects a 20 percent profit on its total production costs. Division A produces a part that it sells externally for $19. It also supplies this part to other internal divisions. Its variable production cost for the part is $13.70. What should be the transfer price for the part using the negotiated-price approach, assuming a mid-point
between the floor and ceiling is agreed upon? A) $16.35 B) $16.44 C) $17.72 D) $19.00
When New Coke was introduced, it failed miserably in the market. After removing it from its product line, what did Coca-Cola most likely do with the capacity devoted to producing this product?
A. Shift the excess capacity to the production of other soft-drink products B. Eliminate the excess capacity by selling all New Coke facilities C. Fire all the employees involved with the production of New Coke D. Subcontract the production of New Coke to another producer E. Decrease the work week of its production line employees
Western has a market value of $950 with 50 shares outstanding and a price per share of $19. Eastern has a market value of $3,000 with 120 shares outstanding and a price per share of $25. Eastern is acquiring Western by exchanging 40 of its shares for all 50 of Western's shares. What is the cost of the merger to Eastern's stockholders if the merger creates $200 of synergy?
A) $1,333.33 B) $1,225.00 C) $1,037.50 D) $1,000.00 E) $950.00