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...

 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。

 一个 正确。
 乙 低估了\$ 400。
 C 少报了800美元。
 d 多报了400美元。

#### Homework Answers

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.

Know the answer?
Your Answer:

#### Post as a guest

Your Name:

What's your source?

#### Earn Coins

Coins can be redeemed for fabulous gifts.

##### Not the answer you're looking for?
Ask your own homework help question
ADVERTISEMENT
##### Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

ADVERTISEMENT
##### Active Questions
• Employers often define metrics to measure productivity or effectiveness in the workplace. Examples include the number...
asked 4 minutes ago
• Z - Flooring Inc. shows the following information on its 2018 financial statements: Sales =\$150,000; COGS=\$78,500;...
asked 8 minutes ago
• t turns out an asthma attack is caused by a misfire in biological feedback mechanisms that...
asked 8 minutes ago
• please check my answers 7. In the absence of light photoreceptor calcium and sodium channels are...
asked 14 minutes ago
• Employers often define metrics to measure productivity or effectiveness in the workplace. Examples include the number...
asked 25 minutes ago
• Draw the structure that corresponds to the following names R-2-bromobutane (E)-3-methyl-2-pentene 3,3-dimethyl-1-hexyne
asked 27 minutes ago
• Solve the initial value problem 2(sin(t)dydt+cos(t)y)=cos(t)sin^3(t) for 0<t<π0<t<π and y(π/2)=13.y(π/2)=13. Put the problem in standard form....
asked 40 minutes ago
• A certain virus infects one in every 300 people. A test used to detect the virus...
asked 54 minutes ago
• Are there any HR training techniques that are culture free?
asked 55 minutes ago
• The Current spot quote for CS is \$0.9850-60. If you buy \$10,000 at the current rate,...
asked 1 hour ago
• Discuss the regulation of digestive function by the intrinsic (myenteric vs. submucosal plexus) and extrinsic nervous...
asked 1 hour ago
• Employers often define metrics to measure productivity or effectiveness in the workplace. Examples include the number...
asked 1 hour ago