Ryan Fitts_Accounting_Homework_Unit_7

Ryan Fitts_Accounting_Homework_Unit_7 - Unit cost price...

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A)$15,225 B)$8,133.33 C)$5,150 D)$18,600 E)$10,710
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Age Interval Balance Percent Uncollectible Account Not past due $400,000  1% 1-30 days past due 80,000 2 31-60 days past due 18,000 5 61-90 days past due 12,500 10 91-180 days past due 6,000 70 Over 180 days past due 2,500 90 Total $519,000 
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Amount $4,000  1,600 900 1,250 4,200 2,250 $14,200 
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Commodity Inventory Quantity
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Unformatted text preview: Unit cost price Unit market price 62CF3 10 $120 $131 41DH2 35 80 75 O3MQ3 10 275 260 23FH6 16 40 28 10KT4 40 90 94 Total Cost Market Lower of C or M $1,200 $1,310 $1,200 $2,800 $2,625 $2,625 $2,750 $2,600 $2,600 $640 $448 $448 $3,600 $3,760 $3,600 $10,990 $10,743.00 $10,473...
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Ryan Fitts_Accounting_Homework_Unit_7 - Unit cost price...

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