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E? Question 9 15 pts The Lacy Lou Corporation purchased a new machine that will produce 250,000 units for $290,000. There is no residual value.
E? Question 9 15 pts The Lacy Lou Corporation purchased a new machine that will produce 250,000 units for $290,000. There is no residual value. In Year 1, the machine produced 85,400 units; in Year 2, the machine produced 91,600 units; in year 3, the machine produced 50,000 units, and in year 4, the machine produced 50,000 units. Calculate the total depreciation expense for years 1 through 4 using the Units of Production method. (round to the nearest whole dollar) D Question 10 15 pts Rosco Repair Company purchased a new truck for $25,400 on October 1, 2019. The truck will last 4 years and has a residual balance of $1,500. Calculate the depreciation for years 2019 through the end of the truck's useful life. Calculate the total depreciation expense using the straight-line method. (round to the nearest whole dollar). D Question 11 15 pts Below is the Inventory purchases of Carrigan Corrugated Company. Units Cost per Unit Beginning balance 173 1.25 January 1st purchase 257 1.15 January 8th purchase 300 $ 0.95 January 17th purchase 287 $ 1.10 January 27th purchase 164 1.30 January 31st purchase 139 LA 1.35 At the end of January, a physical inventory revealed that 1,205 units were sold and the remainder were left as ending inventory. Calculate the Cost of Goods Sold and the ending Inventory balance using the LIFO method. (round all answers using two (2) decimal places)
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