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4. Filmac, Inc. uses speakers when assembling computers. Information as to balances on hand, purchases, and requisitions of speakers is given in the following table
4. Filmac, Inc. uses speakers when assembling computers. Information as to balances on hand, purchases, and requisitions of speakers is given in the following table n Number of Unit Price Balance of Units Date 200 $15.00 $16.00 Jan. 1 Jan. 15 Purchased Feb. 24 Issued Mar. 8 Jun. 23 Purchased Aug. 8 Issued Sep. 29 Issued Oct. 7 Purchased Dec. 16 Issued Beginning balance 250 70 100 ssued 280 200 170 270 $17.00 100 $19.00 If a perpetual inventory record of speakers is maintained on a LIFO basis, the March 8 issue consist of a. 20 units @ $15.00 and 50 units@ $16.00, b. 70 units$15.00. c. 50 units @ $16.00 and 20 units @$15.00. d. 70 units @$16.00. Answer (3 points) (Show Work) Number of Units Units issued on Units issued on March 8 Unit Price Beginning Balance Jan. 15 Purchase 8 5. The following data pertains to Western Company's materials inventory: Number of pounds required annually Cost of placing an order Annual carrying cost per pound of material $4 9 16,000 $20 9 What is Western Company's E0Q? a. 4,000 pounds b. 800 pounds C. 400 pounds d. 200 pounds Answer (3 points) (Show Work)
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