Please answer all the parts and as per the managerial accounting concepts   1)A Raw Material costing $ 150 has Net amt (which can be the Replacement Cost) $

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Please answer all the parts and as per the managerial accounting concepts

 

1)A Raw Material costing $ 150 has Net amt (which can be the Replacement Cost) $.130. The Finished Goods for which this Raw Material is utilized, has other expense to bring about $.60. At what Price should the Raw Material be esteemed, whenever Finished Goods has a Net amt - (1) $. 210 or over (2) not exactly $ 190 what will be the replacement cost

 

2)A organization is occupied with the assembling of natural synthetics Production of one middle of the road item (say X) is in abundance of its nearby necessity for hostage utilization. Further factors are:

 

(i) X isn't attractive and in this way, the market cost isn't known.

 

(ii) The assessed consumption the further preparing of X is $. 6000 for every ton.

 

(iii) The organization has been esteeming the load of X by hypothetically changing over it into identical units of completed items and afterward esteeming the equivalent on the rule of cost or net feasible worth, whichever is lower.

 

Remarks of below mentioned questions.

 

(a) Whether the current act of valuating the X at the lower of cost and net feasible estimation of the final result by hypothetically changing over it into comparable completed item is all together.

 

(b) Whether the organization can an incentive at cost the stock X since X should go through additional handling to become attractive and net feasible estimation of X in its current structure can't be determined.

 

(c) If the appropriate response of over (a) and (b) is negative, propose the right strategy for valuation of X.

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