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i have a few questions related to financial management. i have attached them seperatly in the attachments below. Thank you. 1) Jerrico Wallboard Co. had

i have a few questions related to financial management. i have attached them seperatly in the attachments below. Thank you.

1)

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Jerrico Wallboard Co. had a beginning inventory of 9,350 shoes on January 1, 20XX. The costs associated with the inventory were as follows: Material $12.88 per shoe Labour 7.68 per shoe Overhead 5.18 per shoe During ZOXX, the firm produced 43,200 units with the following costs: Material $13.58 per shoe Labour 5.88 per shoe Overhead 6.38 per shoe Sales for the year were 47,390 units at $39.60 each. Jerrico uses Average Cost accounting. a. What was the gross profit? (Do not round intermediate calculations. Round your answer to nearest whole dollar.) Gross profit $ b. What was the value of ending inventory? (Do not round intermediate calculations. Round your answer to nearest whole dollar.) Ending inventory 3; On December 31 of last year, Wolfson Corporation had 780 units in inventory of its product, which cost $15 per unit to produce. D January, the company produced 1,200 units at a cost of $18 per unit. Assuming Wolfson Corporation sold 1,280 units in January, what was the cost of goods sold (assume FIFO inventory method)? Cost of goods sold $ At the end of January, Higgins Data Systems had an inventory of 750 units, which cost $13 per unit to produce. During February the company produced 1,600 units at a cost of $16 per unit. If Higgins sold 2,000 units in February, what was its cost of goods sold? a. Assume average cost inventory accounting. (Do not round intermediate calculations. Round your answer to nearest whole dollar.) Cost of goods sold $ [3. Assume FIFO inventory accounting. Cost of goods sold 3

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