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Question 2

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Question 2. (60 points) Given below is inventory information for the month of July obtained from the records of DOJ Co. PURCHASES SALES Date Description Units Unit cost Date July 1 Beginning Inventory 30 July 10 Purchased 80 5 15 Purchased 50 6 27 Description Units Unit price 4 Sold 20 10 11 Sold 50 10 20 Sold 25 10 Required: Compute COGS and ENDING INVENTORY COST under the following cost flow assumptions: a) FIFO - Perpetual Inventory System (25 points) b) AVERAGE - Perpetual Inventory System (25 points) c) Do you agree with the following statement (explain) (10 points) "FiFo and Average Cost methods produce the same results under both Periodic and Perpetual inventory system"

Do a full research on the current bike courier Business in ghana and come up with an innovative formal business plan and full break down of profits and the equipments needed for the business. business plan should be a presentation proposal to a bank for a loan to startup. show $ value for every financial break down. prove research of field work

Mesopotamian Materials Inc. (MMI) has two decentralized divisions (Ur and Babylon) that have decision making responsibility over the amount of resources invested in their divisions. Recent financial extracts for both divisions are presented below: Jur Babylo in $2,50 Fixed assets, gross $4,000 lo $1,50 Accumulated depreciation $1,200 10 Other assets S500 $750 Liabilities $500 $1,000 |$6,75 Sales $7,200 0 Net income after tax S743 $1,008 Average age of fixed assets (years) Using historical costs, which is true? MMI's weighted average cost of capital (WACC) is 11.5%. The MMI measures division performance based on the book value of net assets. The producer price index 15 years ago was 100, 116 five years ago, and currently is 125. *Net income is after tax but before interest C Babylon is a profit center CAt a WACC of 5%, Ur's residual income is lower than Babylon's by $122 At the planned WACC (11.5%), Ur's residual income is higher than Babylon's by $87 Ata WACC of 25%, Ur's residual income is higher than Babylon's by $122 None of the above