Business, 10.04.2020 01:05, naiomireyes74p2aybs
The December 31, 2021, year-end inventory balance of the Raymond Corporation is $250,000. You have been asked to review the following transactions to determine if they have been correctly recorded. Goods shipped to Raymond f. o.b. destination on December 26, 2021, were received on January 2, 2022. The invoice cost of $50,000 is included in the preliminary inventory balance. At year-end, Raymond held $34,000 of merchandise on consignment from the Harrison Company. This merchandise is included in the preliminary inventory balance. On December 29, merchandise costing $8,000 was shipped to a customer f. o.b. shipping point and arrived at the customer’s location on January 3, 2022. The merchandise is not included in the preliminary inventory balance. At year-end, Raymond had merchandise costing $35,000 on consignment with the Joclyn Corporation. The merchandise is not included in the preliminary inventory balance. Required:Determine the correct inventory amount to be reported in Raymond’s 2021 balance sheet.
Answers: 2
Business, 22.06.2019 02:00, gracye
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:
Answers: 2
Business, 22.06.2019 12:30, imamnaab5710
Consider a treasury bill with a rate of return of 5% and the following risky securities: security a: e(r) = .15; variance = .0400 security b: e(r) = .10; variance = .0225 security c: e(r) = .12; variance = .1000 security d: e(r) = .13; variance = .0625 the investor must develop a complete portfolio by combining the risk-free asset with one of the securities mentioned above. the security the investor should choose as part of her complete portfolio to achieve the best cal would be a. security a b. security b c. security c d. security d
Answers: 3
The December 31, 2021, year-end inventory balance of the Raymond Corporation is $250,000. You have b...
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