At the end of the year, the company counted the inventory and found 35 units remaining. Calculate the cost of goods sold for the year. (Round the unit costs to two decimal places and total costs to the nearest dollar.)
A company uses the weighted-average method of inventory valuation under a periodic inventory system. The company began the year with a zero inventory balance. They had the following transactions during the year.
1. Purchased 65 units at $6 per unit
2. Purchased 130 units at $6 per unit
3. Sold 110 units at $12 per unit
4. Purchased 60 units at $7 per unit
5. Sold 110 units at $13.25 per unit
A) $6
B) $218
C) $1,590
D) $1,372
D) $1,372
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Recently "Call Centers" have mushroomed in countries like India, China, and Philippines due to the outsourcing by many Western countries
What are the benefits and disadvantages to this method to the company that is outsourcing? What factors should be taken into account when deciding to outsource?
Answer the following statements true (T) or false (F)
1. Operating leverage predicts the effects fixed costs have on operating income when sales volume changes. 2. The degree of operating leverage for Madrigal Company is 2. The actual operating income is $14,000. If the company expects a 25% increase in sales, operating income should increase by $3,500. 3. The sales mix provides the weights that make up total product sales. 4. Sales mix, or product mix, is the combination of products that make up total sales. 5. Barnes Company sells two products, X and Y. For the coming year, Barnes predicts sales of 5,000 units of X and 10,000 units of Y. The contribution margins per unit of products X and Y are $5 and $4, respectively. The weighted-average contribution margin is $6.50 per unit.
The following is NOT one of the fundamental criteria for recognition?
a. Timeliness b. Measurability c. Relevance d. Reliability
Calculate the MSE for this scenario if the forecasts for periods 1-10 are in order, 176.6, 174.2, 176.1, 178.7, 160.4, 165.4, 177.7, 191.1, 191.0, and 175.2
A) 216.60 B) 219.80 C) 210.40 D) 221.20