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acc 640 - Homework #7

# acc 640 - Homework #7 - ACCT 640 HOMEWORK#7#13-40 a...

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0 0 Total 80 0,000 (40,0 00) 760,000. 00 Gross profit will differ (20,000) Gross profit using method 1 will be \$20,000 higher than gross profit using method 2 #13-44: 1. In year 20X2, units produced equal units sold 2. In year 20X0 and 20X1, units produced exceed units sold 3. Finished goods inventory = 4. Difference between units produced and units sold in 20X3 is 10,000.00 units #14-31: - During March, 320 tons of limestock were finished - At the end of March, 80 tons were 40% crushed and screened. Therefore, the equivalent units were = 80* 40%

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acc 640 - Homework #7 - ACCT 640 HOMEWORK#7#13-40 a...

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