lOMoARcPSD|10207686

Updates in Financial Reporting pdf ch-4-answers

Intermediate Accounting 2 (Our Lady of Fatima University)

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CHAPTER 4
I
NVENTORIES

PROBLEMS

4-
1. (
Hamst
erCompany)
I
ncl
ude Excl
ude

Goodsdi
spl
ayedi
nthest
ore √

Goodsstockedint
hewar
ehouse,notcover
edbyany √
sal
escontract

Goodspur
chased,i
ntr
ansi
t,shi
ppedFOB sel
ler √

Goodspurchased,i
ntr
ansi
t,shi
ppedFOB √
dest
inat
ion

Frei
ghtcostongoodsr
ecei
ved,goodsar
est
il
l √
unsold

Goodshel
donconsi
gnment √

Goodsoutonconsi
gnment √

Goodsoutt
ocust
omer
sonappr
oval √

Goodsi
nthehandsoft
ravel
ingsal
esmen √

Goodssol
dwithabuybackarr
angementf
ort
hefull √
sel
li
ngpri
ceandot
hercostsi
ncurredbyt
hebuyer

Unusedf
act
orysuppl
iesandi
ndi
rectmat
eri
als √

Goodswhi
chr
equi
readdi
ti
onalpr
ocessi
ng √

Di
rectmat
eri
alsst
ockedi
nthewar
ehouse √

St
oragecost
sofgoodscompl
eted √

I
nsur
ancepr
emi
umspai
donst
ockedgoods √

Goodscompl eted,manuf
actur
edt ocustomer’
s √
speci
ficati
on,await
ingi
nstr
uctionfordeli
ver
yby
thecust omer

Fr
eightpai
dongoodssol
d √

Unusedsuppl
iesf
oradmi
nist
rat
ivepur
poses √

Unusedst
oresuppl
ies √

Goodssol
dwi t
harighttoret
ur ngrantedt
obuyer
s, √
amountofre
turni
sr easonablypredict
abl
e.

4-
2. (CrossingsCompany)
Invoicepri
ce (150,000x0.80x0. 90) P 108,
000
Freightcharge 2,
500
Totalcostofmer chandi
sepurchases P 110,
500

4-
3. (
Jane,I nc.)
ReportedunitsonApril30,2013 10,
200
Adjust
ment s:
No.1item –PurchasedFOB shi
ppi
ngpoi
nt

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Chapter 4 - Inventories

stillintransitnotincl
udedinpur chases 250
No.3i t
em –Sol dFOB dest i
nationsti
lli
nt ransitnot
includedi ninventory 500
Correctinventoryquant ity 10,
950
4-
4. (
Or i
entTr ading)
Reportedinventor y P9,
500,
000
Merchandi seint ransi tpurchasedFOB destination (
420,
000)
Goodshel donconsi gnment (
500,
000)
Markupongoodsoutonconsi gnment
Sal esprice 600,000
Cost( 600, 000÷1. 5) 400,000 (
200,
000)
Merchandi seint ransi ttocustomersFOB destination
400, 000x( 100% -40%) 240,
000
Correctinventory P8,
620,
000

4-
5. (Ti
nt inCompany)
Physicalinventor
yatDecember31,2013 P 172,
000
Merchandi seintransi
tshippedFOB shi
ppi
ngpoi nt 31,
500
Merchandi sesoldFOB desti
nati
onst
illi
ntransi
t 12,
500
CorrectinventoryatDecember31,2013 P 216,000

4-
6. (
Cent erpoint,Inc.)
Reportedinventory P562,
500
Adjustments:
a. Goodsoutonconsi gnment 110,
000
b. Goodspur chasedi ntransitFOB shippi
ngpoi
nt 27,
000
c. Goodssol dintransitFOB shi ppi
ngpoint
i
ncludedi ninventory (
85,
000)
d. Goodssol dintransitFOB dest i
nati
on
notincludedini nvent
or y 26,
000
g. Goodssol dintransitFOB dest i
nati
on
notincludedini nvent
or y 37,000
Correcti
nventory P677,500

4-
7. (
MegaCompany)
CostofEndi ng
Inventor
y CostofGoodsSol
d Gr
ossProfit
FI
FO 3,506 4,550 1,
955
Weight
edaverage 3,333 4,726 1,
779
Movingaver
age 3,370 4,686 1,
819

FI
FO
Costofendi
nginvent
ory:
275x11.75 3,
231.
25
25x11.00 275.
00 3,
506.
25

Costofgoodssol
d:
Costofgoodsavai
labl
eforsal
e 8,
056.25
Lessendingi
nventory 3,506.
25 4,
550.
00

Gr
osspr ofit
:
Sales 6,
505.
00
Lesscostofgoodssol
d 4,
550.
00 1,
955.
00

27

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Chapter 4 - Inventories

Wei
ght
edaver age
Costofendinginvent ory:
Costofgoodsavai labl
eforsal
e 8,
056.25
Numberofuni t
savai l
ablef
orsal
e ÷ 725
Weightedaveragecostperunit 11.
11
Unitsinendingi nventor
y x 300 3,
333.
00

Costofgoodssold:
Costofgoodsavail
abl
eforsal
e 8,
056.
25
Lessendinginvent
ory 3,
330.
00 4,
726.
15

Gr
osspr ofit
:
Sales 6,
505.
00
Lesscostofgoodssol
d 4,
726.
25 1,
778.
75

Movi
ngaverage
Costofendi nginventor
y:
Inventor
y ,January1 250x10.50=2,625.
00
Purchase,Mar ch7 200x11.00=2,200.
00
Total 450x10.72=4,825.
00
Sale,May20 (
120x10. 72=1,286.
40)
Sale,June30 (55 x10.72= 589.60)
Balance 275x10.72=2,949.
00
Purchase,Jul y15 275x11.75=3,231.
25
Total 550x11.24=6,180.
25
Sale,September17 (
250x11. 24=2,810.
00)
Balance 300x 11.24= 3,
370.
25

Costofgoodssold:
Costofgoodsavai
labl
eforsal
e 8,
056.
25
Lessendinginvent
ory 3,
370.
25 4,
686.
00

Gr
osspr ofit
:
Sales 6,
505.
00
Lesscostofgoodssol
d 4,
686.
00 1,
819.
00

4-
8. (Landmar
kEnt erprises)
a. Costofendingi nvent
ory
1/1 2,
400@ 10. 75 25,
800
1/5 1,
900@ 11. 35 21,
565
4,
300@ 11. 02 47,
365
1/8 2,
200@ 11. 02 24,
244
2,
100@ 11. 01 23,
121
1/24 3, 800@ 11. 80 44,
840
5,
900@ 11. 52 67,
961
1/30 3, 600@ 11. 52 41,
472
2,
300@ 11. 52 26,
489

b. Costofgoodsavai
labl
eforsale(25,800+21,
565+44,840) P92,
205
Numberofuni t
savail
ablef
orsale(2,400+1,
900+3,
800) ÷ 8,
100
Weight
edaveragecostperunit P 11,
38
Numberofuni t
sinendinginventor
y x 2,
300

28

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Chapter 4 - Inventories

Costofendi
ngi
nvent
ory P26,
174

4-
9. (
Rockwel
lCl
ub,I
nc.
)
Amount Uni
ts
Costofsal es:
Sales(160,500x12) 1,926,000
Lessgrosspr ofit 738,600 P1,
187,
400 160,
500
Addendi ngi nventory
42,000x7. 40 310,800
3,000x7. 20 21,
600 332,
400 45,
000
Availabl
eforsal e P1,
519,
800 205,500
Deductpur chases 1,
150,
050 154,
500
Inventory
,Januar y1 P 369,
750 51,
000
Averagecostperuni t(369,
750÷51,
000uni ts) P 7.25

4-
10. (
Sta.Luci
aCompany)
2011 2012 2013
Repor tedprofitunderaver
ageme t
hod P3,
600,
000 P5,000,
000 P7,000,
000
Differenceini nventor
yusingFI
FO
Begi nni
ngi nventory - ( 40,000) (
120,000)
Endi nginvent or
y 40,
000 120,
000 650,
000
ProfitunderFI FO basis P3,
640,
000 P5,
080,
000 P7,530,
000

4-
11. (Ci
tyCompany)
Cost(underFIFO basi
s) P26,
000
Netreal
izabl
evalue(40,000–12,000) P28,
000
Lowerofcostandne treal
izabl
eval
ue P26,
000

4-
12. (
Rustan’
sTr adi
ng)
Product Cost NRV Lower Quant
ity Amount
A 102 105 102 4,
000 P408,
000
B 45 42 42 6,
000 252,
000
C 24 22 22 5,
500 121,
000
D 9 10 9 7,
200 64,
800
Tot
al P845,
800

4-
13. DechavezCompany
(
a)DirectMet
hod

Thepr
ofiti
scomput
edasf
oll
ows:
2013 2012
Sales P3,200,000 P2,900,000
Costofgoodssold (1,280,
000) (1,
020,000)
Grossprofit P1,920,000 P1,880,000
Sel
lingexpenses (450,
000) (330,
000)
Generalandadmi ni
str
ati
veexpenses (300,
000) (310,
000)

29

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Chapter 4 - Inventories

Pr
ofit P 1,
170,
000 P 1,
240,
000

Costofgoodssol d:
Beginni
ngi nvent
ory P 480,
000 P 300,
000
Purchases 1,
400,
000 1,
200,
000
Tot
alcostofgoodsavai
labl
eforsal
e P1,
880,
000 P1,
500,
000
Endinginventory 600,
000 480,
000
Costofgoodssold P1,
280,
000 P1,
020,
000

(
b)Al
lowancemet
hod

Thepr
ofiti
scomput
edasf
oll
ows:
2013 2012
Sales P3,200,000 P2,900,000
Costofgoodssol d (1,240,
000) (1,
080,000)
Grosspr ofit P1,960,000 P1,820,000
Sell
ingexpenses (450,
000) (
330,000
Gener alandadmi ni
str
ati
veexpenses (300,
000) (310,
000)
DeclineinNRV (
40,000
Gainonadj ust
mentofall
owance __________- 60,
000
Profit P 1,170,000 P 1,
240,
000

Costofgoodssol d:
Beginni
ngi nvent
ory P 500,000 P 380,
000
Purchases 1,400,
000 1,
200,
000
Tot
alcostofgoodsavai
labl
eforsal
e P1,900,
000 P1,
580,
000
Endinginventory (
660,000) 500,
000
Costofgoodssold P1,240,
000 P1,
080,
000

4-
14. (Pur
pleCompany)
Cost P200,000
Netreal
izabl
eval
ue(
204,
000–10,
000) 194,000
Loss 6,
000

4-
15. (PowderBlueCompany)
Invent
ory,Januar y1 P1,
400,
000
Purchasesdur i
ngt heyear 6,
600,
000
Costofgoodsavai l
ableforsal
e P8,
000,
000
LessInventor
y,December31 1,
200,
000
Costofgoodssol d P6,
800,
000

4-
16. (
Phi
lam Gr
ocersCompany)
(
a)Costofpr
oductX andproductY
ProductX ProductY
January1i nventor
y 2,500units 1,500units
Purchases 7,400units 4,500units
Sold (
7,000units) (
5,000units)
December31i nventor
y 2,900units 1,000units
Unitcost(allcomingfrom latestpur
chasepri
ce,as
ending invent
oryi sl ess than number i
n latest
purchases) P125 P98

30

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Chapter 4 - Inventories

Endi
ngi
nvent
oryatFI
FO cost P362,
500 P98,
000

(
b)
ProductX ProductY
Salespr i
ce(effect
ive2014)90% xpr evi
ousSP P135.00 P111.60
Estimatedsellingcost (13.
50) (11.16)
Netr eal
izabl
eval ue P121.50 P100.44
Lowerofcostandne treal
izabl
evalue,peruni
t P121.50 P98
Numberofuni tsi
nendi nginvent
ory 2,900uni t
s 1,000uni t
s
Inventoryvalueatl owerofcostandNRV P352,350 P98,000
Totalinventor
yval ueatDecember31,2013 352, 350+98,
000=P450, 350

(
c)Costofgoodssol dint hest
atementofcompr
ehensiveincome
ProductX Pr oductY Total
Invent
oryJan.1 P300,
000 P135, 000 P435,000
Purchases 916,
600 432,500 1,349,100
Goodsavailablef
orsale P1,216,
600 P567, 500 P1,784,100
Endinginventoryatcost 362,
500 98,
000 460,500
Costofgoodssold P1,323,600

(
d) I
nventoryatcost P460,
500
I
nventoryatlowerofcostandNRV 450,
350
Requiredal
lowance P 10,
150
Exist
ingall
owance 15,
000
Gainonadj ust
mentofallowance P 4,850

(
e) I
nvent
ory 460,
500
I
ncomeSummar
y 460,
500

(
orusingt hecostofgoodssol
dmet
hod)
I
nventory,December31 460,
500
Costofgoodssold 1,
323,
600
Purchases 1,
349,
100
Invent
ory,January1 435,
000

Al
lowancet
oReduceI
nventor
ytoNRV 4,
850
Gai
nonAdjustmentofAl
lowancet
oReduceI
nvent
oryt
oNRV 4,
850

4-
17. (
DEC Company)
(
a) Grosspr ofitis40% basedonsal es
Merchandisei nventor
y,Januar y1,2013 P 450,000
Purchasesf ortheyear 3,
150,000
Costofgoodsavai labl
eforsal e P3,
600,000
Lessestimat edcostofgoodssol d( 4,200,
000x60%) 2,
520,000
Esti
mat edcostofendi ngi nvent
ory P1,080,000
Physicali
nvent oryonDecember31,2013 500,000
Esti
mat edcostoft hemi ssinginventory P 580, 000

(
b) Gr
osspr
ofiti
s40% basedoncostofsal
es
Merchandi
seinvent
ory,Januar
y1,2013 P 450,
000
Pur
chasesfortheyear 3,
150,
000

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Chapter 4 - Inventories

Costofgoodsavailabl
eforsal e P3,
600,
000
Lessest
imat edcostofgoodssol d( 4,200,
000/1.
40) 3,
000,
000
Esti
matedcostofendi ngi nvent
ory P 600,
000
Physi
calinventoryonDecember31,2013 500,
000
Esti
matedcostoft hemi ssinginventory P 100,
000

4-
18.
Esti
matedcostofgoodssold(705,
000–18, 000)
/1.20 P572,
500
AddInventor
yatJul y20,2013 205,
000
Costofgoodsavail
ablef
orsale P777,
500
Lessnetpurchasesfort
heper i
od (
650,000–12,000+6,
000) 644,
000
Esti
matedcostofJune30,2013i nvent
ory P133,
500

4-
19. (
Manel ’sCompany)
Merchandiseinvent ory,Januar y1 P2,
000,
000
Purchases(1,000,000+40, 000–60, 000) 980,
000
Avail
ableforsale P2,
980,
000
Esti
mat edcostofgoodssol d( 3,200,000x70%) 2,
240,
000
Esti
mat edendingi nventory P 740,
000
Lessgoodsundamaged l ocatedi nshowroom (
200, 000+80,
000) 280,
000
Esti
mat edcostofmer chandisedest r
oyedbytheflood P 460,
000

4-
20. (OldRoseCompany)
Inventory,Januar y1,2013 P1,
000,
000
Purchases 800,
000
Freightin 20,
000
Costofgoodsavai l
ableforsale P1,
820,
000
Estimatedcostofgoodssol d(2,
200,000–50,
000)x70% 1,
505,
000
Estimatedcostofendi ngi nvent
ory P 315,
000
Inventoryperact ualcount 160,
000
Shor t
agei ninventory P 155,
000

4-
21. (BlazingRedCompany)
Inventor y
,Januar y1,2012 P 575,
400
Pur chases:
Payment stosuppliers P1,
950,000
Account sPayable,8/28/12 491,400
Account sPayable,1/1/12 ( 352,560) 2,
088,
840
Costofgoodsavai l
abl eforsale P2,
664,
240
Estimat edcostofgoodssol d:
Collecti
onsfrom cust omer s P3,
015,200
Account sReceivable,8/28/12 515,560
Account sReceivable,1/1/12 ( 522,360)
Sales P3,
008,400
Costper cent
age 70% 2,
105,
880
Estimat edcostofendi ngi nventor
y P 558,
360

Esti
matedcostofendingi
nvent
ory P 558,
360
Lessundamagedgoods:
Goodsoutonconsignment P 195,
000
Goodsintr
ansit 69,
500 264,
500

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Chapter 4 - Inventories

Est
imat
edi
nvent
oryfir
eloss P 293,
860

4-
22. (
Chi
cDepar
tmentSt
ore)
a. FI
FO costbasi
s
Cost Ret
ail
Invent
or y,June1 P 355,000 P 750,000
Purchases 2,
400,000 4,
000,000
Avail
ablef orsal
e P2,
755,000 P4,
750,000
Sales 3,
500,000
Invent
or y,June30atr e
t ai
l P1,
250,000
Costper centage (
2,400,000/4,
000,
000) 60%
Estimatedcostofi nventory P 750,000

Costofgoodsavai
labl
eforsal
e P2,
800,
000
Lessest
imat
edcostofendi
ngi
nvent
ory 750,
000
Est
imat
edcostofgoodssol
d P2,
050,
000

b. Aver
agecostbasi
s
I
nventory,June30atr etai
l P1,
250,
000
Costpercentage(
2,755,
000/4,
750,
000) 58%
Esti
matedcostofinventory P 725,
000

Costofgoodsavai
labl
eforsal
e P2,
800,
000
Lessest
imat
edcostofendi
ngi
nvent
ory 725,
000
Est
imat
edcostofgoodssol
d P2,
075,
000

4-
23. (
LondonCompany
Aver
agecostr
etai
l
Cost Retai
l
BeginningI nvent ory 145,
000 160,000
Purchases 283,
920 420,800
Additionalmar kups 25,200
Mar kupcancel lations (
9,200)
Mar kdown (38,100)
Mar kdowncancel l
ati
ons 6,
900
Tot
alavai l
abl eforsale 428,
920 565,600
Costt oretailratio(428,920/565,600=75.8%
Sales,ne tofsal esr e
turns (
434,800)
Endi nginventor yatr et
ail 130,
800
Endi nginventor yataver agecostret
ail(
130,800x75.
8%) 99,146

4-
24. (
Alemar
sDr
ygoods,I
nc.
)
Retai
l
BeginningInventory P1,050,
000
Purchases 735,
000
Mar kups (
1,600x50) 80,000
Mar kupcancell
ations(
300x50) (15,000)
Mar kdowns (
105,000)
Tot
al P1,
745,000
SalesRevenue (1,
050,000)

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Chapter 4 - Inventories

EndingI nventory,atr
etail P 695,
000
PhysicalinventoryonJanuar y31,2012 665,
000
Inventoryshor t
ageatretailval
ue P 30,000

4-
25. (
Uniwi
deSal es)
(
a)(
1) Aver
ager et
ail
Cost Retai
l
BeginningI nvent ory P185,
700 P202,
000
Purchases 339,
380 458,
000
PurchaseAl lowance (11,000)
FreightIn 7,
300
Depar tmentalTr ansfer
sI n 2,
000 3,000
Addi t
ionalMar kups 12, 000
Mar kupCancel lations (2,500)
Mar kdowns( 6,000–4, 500) _________ (
1,500)
Total P523,380 P671,000
Sales (374,000)
InventoryShor tage (
7,000)
Endi ngInvent ory,atr et
ail P290,000
Costt oretailratio( 523,380/671,
000) 78%
Endi ngInvent ory,atestimatedaveragecost P226,200

(
2)FI
FO r
etail(
excl
udethebeginninginvent
oryincomputi
ngthecostr
ati
o)
337,680/469,
000=72%
Endinginvent
oryatFIFO cost 72% xP290,
000 =P208,800

(
b)Costofgoodssol
d
Average FIFO
Goodsavailablef
orsal
e P523,380 P523,380
Endinginventory (226,
200) (208,
800)
Costofgoodssold P297,180 P314,580

4-
26. (GrandCent ral
,Inc.)
Profitrepor tedfor2013 P658,
000
Adjust ment s:
Over statementofbegi nninginventor
y 71,
000
Under st atementofendingi nvent
ory 96,
000
Cashadvancef orfuturemanuf actureanddel
iver
yofgoods
cr
edi tedtosalesrevenue (60,
000)
Corr ectne tincomef or2013 P765,000

4-
27. (USTFU Company)
(
a)
Dec.31,2013
LossonPurchaseCommi tment
s 50,
000
Esti
matedLiabil
it
yonPur chaseCommi
tment
s 50,
000
1,000x(1,
200–1, 150)

Feb.28,2014

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Chapter 4 - Inventories

Purchases 1,
150,
000
Est
imat edLiabi
li
tyonPur chaseCommi
tment
s 50,
000
AccountsPayabl
e 1,
200,
000

(
b)
Dec.31,2013
LossonPurchaseCommi tment
s 50,
000
Esti
matedLiabil
it
yonPur chaseCommi
tment
s 50,
000
1,000x(1,
200–1, 150)

Feb.28,2014
Purchases 1,
200,
000
Esti
mat edLiabi
li
tyonPur chaseCommi t
ment
s 50,
000
AccountsPayabl
e 1,
200,
000
Recover
yofLossonPur chaseCommi
tment
s 50,
000

MULTI
PLE CHOI
CE QUESTI
ONS
Theor
y
MC1 D MC6 A MC11 C MC16 A
MC2 A MC7 A MC12 A MC17 D
MC3 D MC8 D MC13 A MC18 D
MC4 D MC9 A MC14 C MC19 C
MC5 D MC10 A MC15 D MC20 D
MC21 D

Pr
obl
ems
MC22 D 90,000x. 80x. .90=64, 800;64, 800+5, 000=69, 800
MC23 C 150,000x. 85x. 90x. 95=109, 012. 50
MC24 A 109,012.50x. 98=106, 832. 25
MC25 B 3,280,000+900, 000–80, 000=4, 100,000x3% =123, 000;123,000–27,
000=96,000
MC26 D 1,500,000+50, 000=1, 550, 000
MC27 B (
b)450, 000÷1. 5=300, 000;( d)600, 000+60, 000=660, 000
300,000÷1. 5=200, 000+30, 000=230, 000
3,000,000+300, 000+660, 000+230, 000)=4, 190, 000
MC28 C 5,000,000+80, 000+800, 000–25, 000=5, 855, 000
MC29 B 77,500+6, 000=83, 500
MC30 C 550,000+90, 000+380, 000+450, 000+( 150,000x. 80)=1, 590,000
MC31 C 104,000÷1. 3=80, 000;80, 000x. 30=24, 000
24,000+56, 000+( 32,500–25, 000)=87, 500
MC32 A (
3,000x35)+( 2,000x36)+( 1,000x37)=214, 000Sal es
(
4,000x25)+( 2,000x26)=152, 000CGS;214, 000–152, 000=62, 000
MC33 C (
1,600x8)+( 4,800x9. 60)=58, 880;58, 880÷6, 400=9. 20
MC34 B Confidence:cost22;NRV=30–3=27;l oweri s22
Posit
iveatti
tude:cost55;NRV=80–28=52;l oweri s52
MC35 C (
1,000x25) +(2,000x36) +( 3,000x120)+( 4,000x18)=529, 000
MC36 C 600,000+1, 500, 000–( 2,240, 000÷1. 4)=500, 000
MC37 C 2,550,000+250, 000–300, 000=2, 500,000Pur chases
2,800,000+900, 000–700, 000=3, 000,000Sal es
3,000,000÷1. 25=2, 400, 000CGS
180,000+2, 500, 000–2, 400, 000=280, 000;280, 000–110, 000=170,000short
MC38 B CGS- 2011=1, 040, 000;CGS- 2012=1, 550, 000;t otalCGS( 2011and2012)=2. 59M
2011and2012sal es=1, 700, 000+2, 000,000=3, 700, 000;2.59/3.7=70%

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 lOMoARcPSD|10207686

Chapter 4 - Inventories

520,000+2,180, 000–( 2,500,000x70%)=950, 000

950,000–(70% x150, 000)–95, 000=750, 000
MC39 D 408,8976÷524, 200=78%;450, 200–5, 100=445, 100;445, 100x78% =347, 178
105,650+(378,245–10, 295)=473, 600;473, 600- 347,178=126, 422
126,422–69,738–5, 000=51, 684
MC40 C 400,000+1,280, 000–740, 000=940, 000Di rectmaterial
sused
940,000+960, 000+( 50%x906, 000)=2, 380, 000Totalmfg.Cost
4,000,000x75% =3, 000,000Costofgoodssol d
3,000,000+1,310, 000–1, 500,
000=2, 810, 000Costofgoodsavai lforsale
2,380,000+1,100, 000–2, 810,
000=670, 000
MC41 C 617,000+1,281, 000–21, 000+31, 000=1, 908, 000Availforsaleatcost
1,057,000+2,158, 000–35, 000=3, 180,000Avai lf
orsaleatr etai
l
1,908,000÷3,180, 000=60% Costt oretailr atio
3,180,000–2,365,000+62, 000=877, 000;877, 000–780, 000=97, 000
97,000x60% =58, 200
MC42 D 47,075+213,327+3, 400=263, 802Avai lforsal eatcost
70,025+306,375=18, 900–7, 800–10, 640=376, 860Avai lforsaleatr e
tail
263,802÷376, 860=70%;320, 500x70% =224, 350
MC43 A 376,860–320,500=56, 360;56, 360–39, 390=16, 970;16, 970x70% =11, 879
MC44 C 23,000+120,000=143, 000;60, 000+220, 000+20, 000–40, 000=260, 000
260,000–180,000=80, 000;143, 000/260, 000=55%;55, 000P80, 000=44, 000
MC45 D 600,000–10,000–4, 000–100, 000=486, 000

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