Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Answer the following question(s) using the information below. The following information pertains to Alleigh's Mannequins: Manufacturing costs $1,500,000 Units manufactured 30,000 Units sold 29,500 units

Answer the following question(s) using the information below.

The following information pertains to Alleigh's Mannequins:

Manufacturing costs

$1,500,000

Units manufactured

30,000

Units sold

29,500 units sold for $85 per unit

Beginning inventory

0 units

38) What is the average manufacturing cost per unit?

A) $50.00

B) $50.85

C) $17.65

D) $85.00

E) $49.50

39) What is the amount of ending finished goods inventory?

A) $42,500

B) $24,750

C) $25,000

D) $25,425

E) $42,500

40) What is the amount of gross margin?

A) $1,475,000

B) $1,500,000

C) $1,047,250

D) $1,032,500

E) $1,007,425

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Accounting A Managerial Emphasis

Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav

13th Edition

8120335643, 136126634, 978-0136126638

More Books

Students also viewed these Accounting questions

Question

Determine the z-transform of the sequence 0 sns N-1. N. N

Answered: 1 week ago

Question

which policies appeal most to particular types of employees.

Answered: 1 week ago