Answer: $45,000
Explanation:
Last In First Out (LIFO) is an inventory valuation and management method that works by selling the most recent inventory to come into the business as opposed to the earlier ones.
In the above, the most recent Inventory to come in is the 5,000 units bought at $10 each.
The 4,500 units sold will therefore come from there.
Cost of Goods Sold = Units Sold * Purchase Price
= 4,500 * $10
= $45,000
Answer:
C. $15,000
Explanation:
Given that
Finished goods inventory, January 1 $ 3,200
Finished goods inventory, December 31 4,000
Total cost of goods sold 14,200
So the cost of goods manufactured is
As we know that
Cost of goods sold = Opening balance of finished goods + Cost of goods manufactured - ending balance of finished goods
$14,200 = $3,200 + Cost of goods manufactured - $4,000
So, the cost of goods manufactured is $15,000
Answer:
Acquisition price for 30% share $3,000,000
($36,000 / $120,000 * 100)
Add: Net income $180,000
($600,000 * 30%)
Less: dividend ($108,000)
($360,000 * 30%)
Less: excess depreciation <u>-($45,000)</u>
($1,200,000 / 8 yrs*30%)
Investment reported in Balance <u>$3,027,000</u>
Sheet 2018
Answer:
3.33%; 9%
Explanation:
Given that,
Expected dividend next year = $1.50
Trading at = $45
Expected growth rate per year = 9 percent
Dividend yield = (Expected dividend next year ÷ Trading amount) × 100
= ($1.50 ÷ $45) × 100
= 0.0333 × 100
= 3.33%
The capital gain of JUJU is same as the expected growth rate i.e 9 percent.
