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All the information given to me is provided below Y2K, Inc. located in the U.S.A. purchases 4,000 widgets monthly from XYZ, LLC located in Wales.

All the information given to me is provided below

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Y2K, Inc. located in the U.S.A. purchases 4,000 widgets monthly from XYZ, LLC located in Wales. The terms are FOB Wales. Widgets are shipped by ocean freight, and arrive on the first of the following month in the U.S.A. Each widget has an FOB price of $108, with Total Landed Costs of $12.50 per widget. Y2K, Inc. has a contribution margin of 68% and a gross margin of 45%. The following are the monthly sales in units: January 2022: 1,800 February 2022: 2, 100 March 2022: 2,500 Please calculate the following and show your work: Sales price of a widget Revenue in $ for each month (assume no returns or discounts) Contribution Margin in $ for each month Gross Margin in $ for each month COGS/COS in $ for each month What suggestions would you have to increase the contribution margin? What suggestions would you have to increase the gross margin Please document all journal entries by month for the problem above. Assume widgets are purchased on the first day of the month, and all sales are recorded on the last day of the month. Assuming beginning inventory is $0, please calculate beginning and ending inventory values for each month. Assuming beginning inventory is $0, please calculate beginning and ending inventory values for each month if terms were FOB U.S.A. After the YE 2021 was closed, Y2K, Inc. received the following bills on January 1st, 2022. Assume no accruals were made in 2021. 2. Please document all journal entries for each month, January through March. $65,000 Insurance premium, coverage date from 12/12/2021-12/11/2022 $23,000 car purchase with useful life of 5 years and salvage value of $3,500. Placed in service 12/1/2021. $30,000 legal retainer ($10k/mo) for future services from July 2022 to September 2022 $45,000 in trademarks, placed in service 1/1/2022. 3. Identify the natural balance of each of the following accounts (DR = Debit, CR = Credit) Inventory in Transit Landed Costs (unallocated) Ad Spend Treasury Stock Common Stock Prepaid Expense Customer Returns Retail Discounts Inventory Write Off APIC Credit Card Clearing Account Interest Payable Other Receivables Tax Refund Expected

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