E7-26 is the problem I am trying to solve
Assuming Doll uses traditional cost accounting procedures: How much cost was charged to work -in - Process during the month ? How much cost was charged was to cost of goods sold during the month? Assuming Doll is a learn production company and uses backflush costing method. How much cost was charged to Work- in -process during the month? How much cost was charged to cost of goods sold during the month? Inventory Management Metrics Large retailers like Coston and Target typically use gross margin ratio(gross margin + sales) inventory turnover(sometimes referred to as inventory turns), and gross margin return on investment(GMROl) to evaluate how well inventory has been managed. The goal is a maximize profits while minimizing the investment in inventory. Below are data for four scenarios, a base scenario (A) known by three modification (B.C,&D)to the scenario. For Scenarios B through D, explain what change occurred relative to Scenario A to cause GMROl to change, For example, was the change in GMROI caused by a change in inventory turns, a change in gross margin percent, or by reducing inventory levels? What general conclusions can be made from the calculation and observations regarding the factors that influence GMROI? Assuming Doll uses traditional cost accounting procedures: How much cost was charged to work -in - Process during the month ? How much cost was charged was to cost of goods sold during the month? Assuming Doll is a learn production company and uses backflush costing method. How much cost was charged to Work- in -process during the month? How much cost was charged to cost of goods sold during the month? Inventory Management Metrics Large retailers like Coston and Target typically use gross margin ratio(gross margin + sales) inventory turnover(sometimes referred to as inventory turns), and gross margin return on investment(GMROl) to evaluate how well inventory has been managed. The goal is a maximize profits while minimizing the investment in inventory. Below are data for four scenarios, a base scenario (A) known by three modification (B.C,&D)to the scenario. For Scenarios B through D, explain what change occurred relative to Scenario A to cause GMROl to change, For example, was the change in GMROI caused by a change in inventory turns, a change in gross margin percent, or by reducing inventory levels? What general conclusions can be made from the calculation and observations regarding the factors that influence GMROI