Question

一家公司以每个10美元的价格购买20个产品Y，然后以每个12美元的价格购买30个产品Y。假设公司使用加权平均成本公式，则第二次购买后的加权平均单位成本为：

一个

$ 11.00。

乙

$ 12.00。

C

$ 11.20。

d

$ 10.00。

Barnes’ Software purchases 10 units of microchips for $10, 50 units for $15 each, and 20 units for $20 each on March 1, 13, and 20, respectively. Assuming the company uses the weighted average cost formula under a perpetual system, if Barnes’ sells 25 microchips on March 18 what is the cost of goods sold on this sale?

A

$475.00

B

$390.75

C

$354.25

D

$325.00

Which of the following inventory cost flow assumptions is not acceptable for Canadian GAAP?

A	Specific identification.

B	All of these answers are acceptable.

C	Weighted-average method.

D

FIFO.

Assuming falling inventory prices, which inventory cost flow assumption results in reporting the higher net income?

A

FIFO.

B	Specific identification.

C	Weighted average.

D	None of these.

If the ending inventory is overstated:

A	assets will be understated and owner’s equity will be overstated.

B	资产将被夸大，所有者权益将被低估。

C	资产将被夸大，所有者权益将被夸大。

d	资产将被低估，所有者权益将被低估。

如果第一年的期末存货少报了$ 400，则第二年的销售商品成本为：

一个

正确。

乙

低估了$ 400。

C

少报了800美元。

d

多报了400美元。

Answer 1

The questions in english language has been answered below.

1. Barnes Software
Average Cost per unit for Mar 18 Sale = (10 x 10 + 50 x 15) / (10+50) = $14.67
Cost of Goods sold = 25 x $14.67 = $366.75
Answer is

C $354.25
Due to rounding off error

2.
Answer is

B	All of these answers are acceptable.

3.
Answer should be LIFO, but since that is not allowed as per Canadian GAAP
So answer is

C	Weighted average

4.
Answer is
assets will be overstated and owner’s equity will be overstated.