ACCO 310 Study Guide - Final Guide: Guaranteed Investment Certificate, Recovery Approach, Gross Margin
23 Sep 2015
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Since this is a new product for supertech, it has no past history regarding estimated returns. The fair values of the product and service are and respectively. Under the fair value method, how much would be allocated to the product: . 25, . 50, . 00, . 00. Springfield gag gets inc. ( sg inc. ) is a supplier of hi-tech toys. The company uses the weighted average method of inventory. During september, the first month of its fiscal year, sg inc. "s inventory records for its slinky s-2011 a toy which thanks to its anti-gravitational device can actually climb stairs showed the following transactions: Additional information: the september 8th purchase was sent fob shipping by sideshow bob"s thingamabobs inc. on august. 28th: the september 17th sale was a transfer to apu doodads ltd. ( ad ltd. ), which acts as an exclusive agent for sg inc. in flanders fields.
