cost of sales before any adjustments to the inventory was P 450,000.1.How much is the inventory write-down for the raw materials?a. 35,000b 15,000c. 25,000 problem-5 - Microsoft Excel (Product Activation Failed)FileHomeInsertPage LayoutFormulasDataReviewView...E- Insert -ΣCalibri- 11- A AGeneralE* Delete*.0 .0 Conditional Format asFormatting Table -PasteCellSort & Find &BIU-%EE Format -Styles -Filter Select -ClipboardFontAlignmentNumberStylesCellsEditingK13feABDEHKMN1Derek's accountant provided you with the following information regarding inventory on hand on December 31,2used in the manufacture of two product lines: motorbikes and bicycles34CostNRV5Raw Materials6Supply of Steel (used for motorbikes)40,000.0025,000.00Supply of aluminum (used for bicycles)60,000.0050,000.0089Work in Rocess10Incomplete motorbikes30,000.0025,000.0011Incomplete bicycles50,000.0060,000.001213Finished Goods14Motorbikes80,000.0060,000.0015Bicycles80,000.00110,000.0016174 1 Sheet1Ready100%W3:56 PMENull4/13/2021

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Description: cost of sales before any adjustments to the inventory was P 450,000.1.How much is the inventory write-down for the raw materials?a. 35,000b 15,000c. 25,000 problem-5 - Microsoft Excel (Product Activation Failed)FileHomeInsertPage LayoutFormulasDataRe

Inventory is always valued at Cost or NRV(Net Realisable value) whichever is lower. It is valued…

Answered: 1.How much is the inventory write-down…

Business

Accounting

1.How much is the inventory write-down for the raw materials?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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From worksheet sheet1, in cell M6, find the least common multiplier of Loss for all the months in Table 1. Answer:
AutoSave O Off PB Financials.xlsx - Excel Sign in File Home Insert Page Layout Formulas Data Review View O Tell me what you want to do A Share P Comments 2 AutoSum - Calibri - 11 - A A" 22 Wrap Text General Fill - $ - % 9 00 Conditional Format as Cell Formatting Table BIU - H - - A - EEE E E E Merge & Center - Sort & Find & Paste Insert Delete Format Styles O Clear Filter Select Clipboard Font Alignment Number Styles Cells Editing C17 fe A В G H K M N P R V X Y 廟 Precision Building 1 2 Workshop Cost Per Person 3 Workshop Cost for each Number of ID Туре participant participants Total cost Kitchen $ $ 01-KT 25 41 1,025 6 Bathroom 02-BT 03-BD 20 33 660 7 Bedroom $ 20 19 380 Laundry Room Living Room/Great Room Game Room 8 04-LD 10 15 150 05-LR 25 25 625 10 06-GR 15 13 195 11 07-CL Closet Intervention $ 10 28 $ 280 12 08-WL IWall Décor Lighting 15 14 210 13 TOTAL COSTS $ 3,315 14 Cost includes facility rental, food, beverages, workbook, promotional materials, staff 15 time, samples, etc. 16…
AutoSave Off H Document2 - Word P Search (Alt+Q) Sign in File Design References Mailings Review View Help Grammarly Picture Format P Comments A Share Home Insert Draw Layout P Find - - A A Aa v A = - E - E G Times New Roman v 12 Normal No Spacing Heading 1 Replace = = 1E v Editor Open Grammarly Paste BIU I U v - 2. A - ab x, x' A . A Select v Undo Clipboard a Font Paragraph Styles Editing Editor Grammarly a. At the beginning of the year, Addison Company's assets are $200,000 and its equity is $150,000. During the year, assets increase $80,000 and liabilities increase $46,000. What is the equity at year-end? Assets Liabilities Equity Beginning $ 200,000 = 150,000 Change 80,000 = 46,000 + Ending Page 1 of 1 O words Text Predictions: On * Accessibility: Good to go O Focus 110% 9:58 PM P Type here to search 49°F 3/20/2022 近
File Home Insert Page Layout Formulas Data Review View Automate Help Analytic Solver Comments Share Paste Clipboard E9 A B Arial BIU 10 - Α' Α' A Font Alignment Б Insert Σ General Delete $-% 08-08 Number Conditional Format as Cell Formatting Table Styles Styles Format Sort & Find & Filter Select Sensitivity Add-ins Analyze Data Cells Editing Sensitivity Add-ins Show ToolPak Commands Group D E F G H M N 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 Problems 1. Build a data table to explore potential total savings based on annual contributions from $2,000 to $10,000 in $2,000 increments, using interest rates from 3.0% to 8.0% in 1.0% increments. Use 30 years as the term. Retirement Savings Four-for-Four Doubles Calculator Credit Score 100% Ready Accessibility: Good to go
AutoSave Off H Document2 - Word P Search (Alt+Q) Sign in File Design References Mailings Review View Help Grammarly P Comments A Share Home Insert Draw Layout P Find - G Times New Roman v 12 A A Aa v := v E v v Normal No Spacing Heading 1 Replace Editor Open Grammarly Paste I U v ab x, x A - 2. A - E E E - A Select v Undo Clipboard Font Paragraph Styles Editing Editor Grammarly The following transactions were completed by the company. a. The company completed consulting work for a client and immediately collected $6,800 cash earned. b. The company completed commission work for a client and sent a bill for $5,300 to be received within 30 days. c. The company paid an assistant $2,050 cash as wages for the period. d. The company collected $2,650 cash as a partial payment for the amount owed by the client in transaction b. e. The company paid $960 cash for this period's cleaning services. Required: Enter the impact of each transaction on individual items of the accounting equation. (Enter…
File Home Insert Page Layout Formulas Data Review View Help A Share P Comments E Insert v Calibri - A A ΞΞ ab Wrap Text v 11 General 5* Delete v LE Paste $ - % 9 Analyze Sensitivity BIU V A = E E E E E Merge & Center - Conditional Format as Cell Sort & Find & .00 Formatting v Table Styles v H Format v Filter v Select v Data Clipboard Font Alignment Number Styles Cells Editing Analysis Sensitivity L24 fe A B D E F G H K M 21 22 23 OUTPUT 24 25 26 Balance Sheet 27 Assets 2018 Change Source Operating Investing Financing Additional Input Data for 2019: 2019 Use 20.00% $ 4,900 $ 2,500 28 Cash 12,000 $ 10,000 Effective Tax rate %3D 29 Accounts Receivable 30 Inventory 31 Net Property, Plant & Equipment 32 Total Assets 3,000 $ 4,200 Stock dividends paid %3D 2,000 $ 1,500 Depreciation Expense %3D 10,700 $ 12,000 %3D 27,700 $ 27,700 33 34 Liabilities & Stockholders' Equity 35 Accounts Payable 36 Accrued Expenses 37 Long-term Note Payable 2,000 $ 2,700 500 $ 600 %3D 3,500 $ 7,500 %3D 38 Total…
AI - E H E AutoSave Normal Document1 - Word Search badiya aldujaili ff BА EN File Home Insert Draw Design Layout References Mailings Review View Help A Share O Comments X Cut Calibri (Body) 11 - A A Aav A E E AaBbCcDc AaBbCcDc AaBbC AABBCCC AaB AAB6CCC AaBbCcDa O Find - A Copy Paste S Replace В IUvab х, х* А I Normal 1 No Spac. Heading 1 Heading 2 Title Subtitle Subtle Em.. A Select v Dictate Editor Format Painter Clipboard Font Paragraph Styles Editing Voice Editor 1. 2 4 7 Use the following information to answer the next 3 questions Kite Corp. manufactures custom cabinets and uses a job-order costing system. The company had two jobs in process at the beginning of October: Job No. 64 with a total beginning cost of $56,700 and Job No. 65 with a total beginning cost of $83,300. The company applies manufacturing overhead on the basis of machine hours. Budgeted overhead and machine activity for the year were anticipated to be $3,021,000 and 57,000 machine hours. The company worked on four…
AI - E H E AutoSave Normal Document1 - Word Search badiya aldujaili ff BА EN File Home Insert Draw Design Layout References Mailings Review View Help A Share O Comments X Cut Calibri (Body) 11 - A A Aav A E E AaBbCcDc AaBbCcDc AaBbC AABBCCC AaB AAB6CCC AaBbCcDa O Find - A Copy Paste S Replace В IUvab х, х* А I Normal 1 No Spac. Heading 1 Heading 2 Title Subtitle Subtle Em.. A Select v Dictate Editor Format Painter Clipboard Font Paragraph Styles Editing Voice Editor 1. 2 4 7 Use the following information to answer the next 3 questions Kite Corp. manufactures custom cabinets and uses a job-order costing system. The company had two jobs in process at the beginning of October: Job No. 64 with a total beginning cost of $56,700 and Job No. 65 with a total beginning cost of $83,300. The company applies manufacturing overhead on the basis of machine hours. Budgeted overhead and machine activity for the year were anticipated to be $3,021,000 and 57,000 machine hours. The company worked on four…
AutoSave Off H Document2 - Word P Search (Alt+Q) Sign in File Design References Mailings Review View Help Grammarly P Comments A Share Home Insert Draw Layout - 11 P Find - G Calibri (Body) A A Aa v E v E v - v Normal No Spacing Heading 1 Replace Editor Open Grammarly Paste BIU. v ab x, x' A . - I v v A = = E v A Select v Undo Clipboard Font Paragraph Styles Editing Editor Grammarly Required information Use the following information for exercise 15 to 18 LO P2 [The following information applies to the questions displayed below.] On October 1, Ebony Ernst organized Ernst Consulting: on October 3, the owner contributed $83,010 in assets to launch the business. On October 31, the company's records show the following items and amounts. Cash Accounts receivable $ 930 $14,890 Cash withdrawals by oumer 12,820 Consulting revenue 2,290 Rent expense 45,960 Salaries expense 16.900 Telephone expense 7,678 Miscellaneous expenses 83,810 12,820 Office supplies 2,530 5,780 Land Office equipment…
AI - E H E AutoSave Normal Document1 - Word Search badiya aldujaili ff BА EN File Home Insert Draw Design Layout References Mailings Review View Help A Share O Comments X Cut Calibri (Body) 11 - A A Aav A E E AaBbCcDc AaBbCcDc AaBbC AABBCCC AaB AAB6CCC AaBbCcDa O Find - A Copy Paste S Replace В IUvab х, х* А I Normal 1 No Spac. Heading 1 Heading 2 Title Subtitle Subtle Em.. A Select v Dictate Editor Format Painter Clipboard Font Paragraph Styles Editing Voice Editor 1. 2 4 7 Use the following information to answer the next 3 questions Kite Corp. manufactures custom cabinets and uses a job-order costing system. The company had two jobs in process at the beginning of October: Job No. 64 with a total beginning cost of $56,700 and Job No. 65 with a total beginning cost of $83,300. The company applies manufacturing overhead on the basis of machine hours. Budgeted overhead and machine activity for the year were anticipated to be $3,021,000 and 57,000 machine hours. The company worked on four…
toSave orr A FinRatioExercise Intro.xls - Compatibility Mode ne Insert Draw Page Layout Formulas Data Review View O Tell me Arial v 10 v A A" ab Wrap Text v General Insert v ste BIUV A v A w E E E Merge & Center v $ v % 9 22 Delete v Conditional Format Formatting as Table Styles Cell X v fx 国Format v A B E F G H Comp Sales Rev COGS J K M N GrossProfit GPMarg $67 $78 Net Profit $137 $159 $133 $128 $113 TotLiab $20 $25 Equity $145 $164 $168 $138 ROE Debt/Eg CurrentAss CurrentLiab CurrRatio shares EPS $78 $77 $69 $74 B $237 $95 $114 65 C D $189 $68 $51 $62 60 $18 $23 $211 $179 $118 $88 60 E $12 $176 $62 60 $140 $126 60 Italic 13 14 15 16 17 18 19 20 21 22 23 25 26 27 28 29 30 31 32 Sheet1 Sheet3 Ready 画回四 MacBook Pro %23 21 4. 6 8. Q W T Y. U A S G H. J. K SV B F.
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