Inventory costing methods-periodic method the luann company uses the periodic inventory system. the following july data are for an item in luann's inventory: july 1 beginning inventory 30 units @ $9 per unit 10 purchased 50 units @ $11 per unit 15 sold 60 units 26 purchased 25 units @ $13 per unit calculate the cost of goods sold for july and ending inventory at july 31 using (a) first-in, first-out, (b) last-in, first-out, and (c) the weighted average cost methods. round your final answers to the nearest dollar. a. first-in, first-out: ending inventory $ 600 x cost of goods sold: $ 545 x b. last-in, first-out: ending inventory 710 x cost of goods sold: $ 435 x weighted-average cost: ending inventory $ 654 x cost of goods sold $ 491 x

Dodd corporation uses the weighted-average method in its process costing system. this month, the beginning inventory in the first processing department consisted of 400 units. the costs and percentage completion of these units in beginning inventory were:

Panera bread is a chain of cafes serving sandwiches, soups, and freshly baked breads. the company began in 1981 with stores primarily located along the east coast of the united states. since then, the firm has expanded to over 1,300 locations throughout the united states and canada. the firm has strong earnings and has been designated by business week as a "significant growth company." panera bread executives are considering the idea of expanding globally by opening cafes in asia through a franchising strategy. which of the following, if true, supports the argument that panera bread should expand into asia through franchising? a: the panera bread menu changes rapidly, and each cafe's artisan bread bakers receive regular training on new recipes. b: panera bread executives want fast access to the asian market without a significant investment of capital. c: panera bread executives want to test the asian market with a short-term commitment that allows them to make quick profits. d: the panera bread mission is to make excellent bread available to customers around the world.

Abbington company has a manufacturing facility in brooklyn that manufactures robotic equipment for the auto industry. for year 1, abbingtonabbington collected the following information from its main production line: actual quantity purchased-200 units, actual quantity used-110 units, units standard quantity-100 units, actual price paid-$8 per unit, standard price-$10 per unit. atlantic isolates price variances at the time of purchase. what is the materials price variance for year 1? 1. $400 favorable. 2. $400 unfavorable. 3. $220 favorable. 4. $220 unfavorable.