Revise your worksheet to reflect these updated assumptions and then answer the questions that follow. Sales Sale Price 22,000 units 27 Date Number of Units Unit Cost Total Cost Beginning 5,100 10.30 $52,530 March 12 6,300 10.20 64,260 June 5 5,000 10.10 50,500 October 22 Totals 10,700 9.90 105,930 27,100 $273,220 Required: 1. Use your spreadsheet to recalculate the Cost of Goods Sold, Inventory balances, and Gross Profit under each method and enter your results below: (Round your answers to the nearest whole dollar amount.) FIFO LIFO Weighted Average Cost of Goods Sold Ending Inventory Gross Profit
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- Click Submit to complete this assessment. Question 4 When the gross profit percentage of costs is 32%, the gross profit percentage of sales is equal to: O 24.24% 30.07% O 26.78% O 28.65% A Click Submit to complete this assessment. O Type here to search aCalculate the missing information. Round dollars to the nearest cent and percents to the nearest tenth of a percent. Item Cost Amount ofMarkup Selling Price (in $) PercentMarkupBased onCost PercentMarkupBased onSelling Price Bar of soap $1.16 $0.79 $ % %Revise your worksheet to reflect these updated assumptions and then answer the questions that follow. Sales Sale Price 22,000 units 27 Date Number of Units Unit Cost Total Cost Beginning 5,100 10.30 $52,530 March 12 6,300 10.20 64,260 June 5 5,000 10.10 50,500 October 22 Totals 10,700 9.90 105,930 27,100 $273,220 Required: 1. Use your spreadsheet to recalculate the Cost of Goods Sold, Inventory balances, and Gross Profit under each method and enter your results below: (Round your answers to the nearest whole dollar amount.) FIFO LIFO Weighted Average Cost of Goods Sold Ending Inventory Gross Profit
- Calculate total revenue and fill in the table below. Price Quantity Total Revenue S50 60 $40 06 $35 110 S30 140 $25 190Exercises + Suppose that we made an AHP analysis based on the following comparison tables Value R1 R2 R3 R1 1 9. R2 1 R3 1 Cost R1 R2 R3 R1 1 1/7 1/5 R2 1 1/9 R3 1 1) Draw the value cost diagram from these tables 2) From the diagram, rank the requirements according to their priorities starting from the highest priority Dr. Quta Shambour PArt Requirciments AnalyRefer to the pictur ebelow: Find: 1. Total Cost of Product A under ABC System2. Total Cost of Product B under ABC System3. Selling Price per unit of Product B assuming profit margin of 20% above cost
- Activity 2: Complete me! Directions: Fill in the needed data to complete the table below. Unit B.E.P in B.E.P in Selling Price per Unit Variable Cost per Unit Total Fixed Cost Contributio Units Pesos n Margin P19,500.00 P15.00 P13.00 P960.00 P18.00 P15.00 P24.00 P3.00 69 P34.00 P3.00 150 P27.00 P5.00 100 2. 3. 4.Assume that Demand (D) = 10,000 units and Ordering Cost (S) = $10 (per order). Suppose that we order at the Economic Order Quantity (EOQ) and the total inventory cost TC $500. What is the EOQ?The following information is given for Gator Company, who uses the FIFO method. Item Quantity Cost NetRealizableValue ReplacementCost NRVMinusNormalProfit 1 1 $17.70 $24.60 $18.00 $17.10 2 1 10.80 8.28 9.30 5.58 3 1 72.00 64.80 67.20 57.60 4 1 4.80 3.12 2.88 2.64 5 1 12.00 12.30 12.60 11.10 6 1 48.00 45.60 38.40 40.80 Required: a. Determine the lower of cost or net realizable value for each inventory item for Gator Company. Item 1 2 3 4 5 6 b. Determine the lower of cost or net realizable value for Gator Company's inventory if the lower of cost or net realizable value rule is applied to the total inventory.$_______
- The following information is given for Gator Company, who uses the FIFO method. Item Quantity Cost NetRealizableValue ReplacementCost NRVMinusNormalProfit 1 1 $17.70 $24.60 $18.00 $17.10 2 1 10.80 8.28 9.30 5.58 3 1 72.00 64.80 67.20 57.60 4 1 4.80 3.12 2.88 2.64 5 1 12.00 12.30 12.60 11.10 6 1 48.00 45.60 38.40 40.80 Required: a. Determine the lower of cost or net realizable value for each inventory item for Gator Company. Item 1 $fill in the blank 1 2 $fill in the blank 2 3 $fill in the blank 3 4 $fill in the blank 4 5 $fill in the blank 5 6 $fill in the blank 6 b. Determine the lower of cost or net realizable value for Gator Company's inventory if the lower of cost or net realizable value rule is applied to the total inventory. $fill in the blank 7Calculate the total cost, total selling price and selling price per brownie. (Round your answers to two decimal places. Omit the "$" sign in your response.) Percent Selling price Percent Total that will per spoil brownie 10% $ Total quantity Unit Total markup selling Item bought cost cost on cost price Brownies 20 $0.79 $ 60% $Calculate the missing information. Round dollars to the nearest cent and percents to the nearest tenth of a percent. Amount of Markup (in $) Percent Markup Based on Cost Percent Markup Based on Selling Price Item Cost (in $) Selling Price Sofa 45%8 %24