Calculate ending inventory, cost of goods sold, gross profit under the method of Average-cost. Average- cost per unit: 25.02

June 1 Beginning inventory (Q:40)(UC:$21)
June 4 Purchase (Q:135) (UC:24)
June 10 Sale (Q:110) (UC:51)
June 11 Sale return (Q:15) (UC:51)
June 18 Purchase (Q:55) (UC:27)
June 18 Pur. Return (Q: 10) (UC:27)
June 25 Sale (Q: 65 (UC: 57)
June 28 Purchase (Q: 35) (UC:31)

Walsh company manufactures and sells one product. the following information pertains to each of the company’s first two years of operations: variable costs per unit: manufacturing: direct materials $ 25 direct labor $ 12 variable manufacturing overhead $ 5 variable selling and administrative $ 4 fixed costs per year: fixed manufacturing overhead $ 400,000 fixed selling and administrative expenses $ 60,000 during its first year of operations, walsh produced 50,000 units and sold 40,000 units. during its second year of operations, it produced 40,000 units and sold 50,000 units. the selling price of the company’s product is $83 per unit. required: 1. assume the company uses variable costing: a. compute the unit product cost for year 1 and year 2. b. prepare an income statement for year 1 and year 2. 2. assume the company uses absorption costing: a. compute the unit product cost for year 1 and year 2. b. prepare an income statement for year 1 and year 2. 3. reconcile the difference between variable costing and absorption costing net operating income in year 1.

According to this excerpt, a key part of our national security strategy is

Newton industries is considering a project and has developed the following estimates: unit sales = 4,800, price per unit = $67, variable cost per unit = $42, annual fixed costs = $11,900. the depreciation is $14,700 a year and the tax rate is 34 percent. what effect would an increase of $1 in the selling price have on the operating cash flow?