Sierra Company incurs the following costs to produce and sell its only.pdf
Siena Company incuss the following costs to produce and sell its only.docx
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Siena Company incuss the following costs to produce and sell its only product. During this yesa, 28,250 units were produced and 25,500 units were sold. The Finished Coods inventory accouint at the end of thes ycar shows a balance of $60.500 for the 2.750 unsold units: Required: 1.i. Colculate this year's ending bolance in Finished Goods inventory two wiys-using vaiable couting and using absorption costing 1b. Does it appear that the company is using vorlable costing of absoeption costing to assign costs to the 2.750 urits in its Futshed. Goodh imventory? 2. Assume that the compary wishes to prepare this year's financial statements for is stockhokfers. a. Is Finished Goods irventory of $60 , 500 the conrect amount to inchude on the balance sheet for external reporting purposes? b. What balance should be reported in the Finished Goods irventory account for exteinal reporting puposes? Complete this question by eatering your answers in the tabs below. Calculate this year's ending balance in finished Goods inventory two ways--using variable costing and uning atreorption costing. Note: Found intormediate colculation to the nearest dollar amount. Sierra Company incurs the following costs to produce and self its only product. During this yeat, 28,250 units were produced and 25,500 units were sold. The Finished Goods inventory account at the end of this year shows a balance of $60.500 for the 2.750 unsold units. Required: 1-. Calculate this year's ending batance in Finished Goods invenory fwo ways-using variable costing and using absorption costing 1. -. Does it appear that the company is using variable cosing or absorption costang to assign costs to the 2.750 units in its Finkhed Goods invendory? 2. Assurne that the company wishes to piepare this year's finandal statements for its stockholders. a Is Finished Goods inventory of $60 , 500 the correct arnount to include on the bolance sheet for extemal reporting prapose? b. What balance should be reported in the Finished Goods inventory account for extemal reporting purposes? Complete this question by entering your answers in the tabs below. Assume that the company wishes to prepare this year's finandal statements for its atockholders: What balance should be reported in the Finished Goods inventery account for external reporting purposes? .
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Siena Company incuss the following costs to produce and sell its only.docx
- Siena Company incuss the following costs to produce and sell its only product. During this yesa, 28,250 units were produced and 25,500 units were sold. The Finished Coods inventory accouint at the end of thes ycar shows a balance of $60.500 for the 2.750 unsold units: Required: 1.i. Colculate this year's ending bolance in Finished Goods inventory two wiys-using vaiable couting and using absorption costing 1b. Does it appear that the company is using vorlable costing of absoeption costing to assign costs to the 2.750 urits in its Futshed. Goodh imventory? 2. Assume that the compary wishes to prepare this year's financial statements for is stockhokfers. a. Is Finished Goods irventory of $60 , 500 the conrect amount to inchude on the balance sheet for external reporting purposes? b. What balance should be reported in the Finished Goods irventory account for exteinal reporting puposes? Complete this question by eatering your answers in the tabs below. Calculate this year's ending balance in finished Goods inventory two ways--using variable costing and uning atreorption costing. Note: Found intormediate colculation to the nearest dollar amount. Sierra Company incurs the following costs to produce and self its only product. During this yeat, 28,250 units were produced and 25,500 units were sold. The Finished Goods inventory account at the end of this year shows a balance of $60.500 for the 2.750 unsold units. Required: 1-. Calculate this year's ending batance in Finished Goods invenory fwo ways- using variable costing and using absorption costing 1. -. Does it appear that the company is using variable cosing or absorption costang to assign costs to the 2.750 units in its Finkhed Goods invendory? 2. Assurne that the company wishes to piepare this year's finandal statements for its stockholders. a Is Finished Goods inventory of $60 , 500 the correct arnount to include on the bolance sheet for extemal reporting prapose? b. What balance should be reported in the Finished Goods inventory account for extemal reporting purposes? Complete this question by entering your answers in the tabs below. Assume that the company wishes to prepare this year's finandal statements for its atockholders: What balance should be reported in the Finished Goods inventery account for external reporting purposes?