The inventory of royal decking consisted of five products. information about the december 31, 2018 inventory is as follows per unit selling price $ 75 115 95 145 45 product cost $ 55 95 replacement cost $ 50 85 70 85 115 35 selling costs consist of a sales commission equal to 10% of selling price and shipping costs equal to 5% of cost. the normal gross profit percentage is 30% of selling price required what unit value should royal decking use for each of its products when applying the lower of cost or market (lcm) rule to units of ending inventory? (do not round intermediate calculations. round final answers to 2 decimal places.) per unit product cost replacement nrv nrv - nfp marketinventory cost value

Kenney co. uses process costing to account for the production of canned energy drinks. direct materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the process. equivalent units have been calculated to be 19,200 units for materials and 16,000 units for conversion costs. beginning inventory consisted of $11,200 in materials and $6,400 in conversion costs. april costs were $57,600 for materials and $64,000 for conversion costs. ending inventory still in process was 6,400 units (100% complete for materials, 50% for conversion). the total cost per unit using the weighted average method would be closest to:

Transactions that affect earnings do not necessarily affect cash. identify the effect, if any, that each of the following transactions would have upon cash and net income. the first transaction has been completed as an example. (if an amount reduces the account balance then enter with negative sign preceding the number e. g. -15,000 or parentheses e. g. (15, cash net income (a) purchased $120 of supplies for cash. –$120 $0 (b) recorded an adjustment to record use of $35 of the above supplies. (c) made sales of $1,370, all on account. (d) received $700 from customers in payment of their accounts. (e) purchased equipment for cash, $2,450. (f) recorded depreciation of building for period used, $740. click if you would like to show work for this question: open show work

Almost 80% of business owners are clueless about the competition, resulting in a) lost market share and customers. b) needless lawsuits. c) uninspired products. d) lack of perseverance