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eylinglez3ovm16v
01.04.2020 •
Business
Windsor, Inc. took a physical inventory on December 31 and determined that goods costing $222,500 were on hand. Not included in the physical count were $31,000 of goods purchased from Bonita Industries, FOB, shipping point, and $25,500 of goods sold to Metlock, Inc. for $33,000, FOB destination. Both the Bonita purchase and the Metlock sale were in transit at year-end. What amount should Windsor report as its December 31 inventory?
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Ответ:
December 31 Ending Inventory $ 255500
Explanation:
Windsor, Inc.
December 31 Physical inventory on hand $222,500
Add goods sold to Metlock, Inc. for $33,000
December 31 Ending Inventory $ 255500
Purchases in transit are not included in the inventory unless received.
Sales in transit are included in the inventory .
The goods sold are the seller's inventory unless received by the purchaser.Similarly purchases in transit are not included in the inventory evaluation.
Ответ:
3,636 units
Explanation:
The computation of break-even point in units is shown below:-
Break-even point in units = Fixed cost decreased ÷ Contribution margin per unit
= ($120,000) ÷ ($48 - $15)
= $120,000 ÷ $33
= 3,636.36 units
or
= 3,636 units
Therefore for computing the break-even point in units we simply applied the above formula and ignore all other values as they are not relevant.