Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If Product Z cost $95 and Selling price of Z is $128 Nomal proft margin is 20% of sales price Costs to sell a unit

image text in transcribed
If Product Z cost $95 and Selling price of Z is $128 Nomal proft margin is 20% of sales price Costs to sell a unit of product Z=$30 Replacement cost is $69 What is the amount that should be used to value the inventory under the lower-of-cost-or-market method?? Round your answer to the nearest whole dollar. Question 19 1 pts If Product Z cost $81 and Selling price of Z is $96 Normal profit margin is 20% of sales price. Costs to sell a unit of product Z = $12 Replacement cost is $74 What is designated market value? Question 20 1 pts The 2021 financial statements of Sito Company reported a beginning inventory of $38,875, an ending inventory of $36,926, and cost of goods sold of $212.713 for the year. Sito's average days to sell inventory in 2021 is fonly round your final answer to one decimal place, do not round any intermediate calculations)

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_2

Step: 3

blur-text-image_3

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

More Books

Students also viewed these Accounting questions

Question

1. Identify three approaches to culture.

Answered: 1 week ago

Question

2. Define communication.

Answered: 1 week ago

Question

4. Describe how cultural values influence communication.

Answered: 1 week ago