A company uses the periodic inventory system calculate

Assignment Help Mathematics

Reference no: EM13472726

A company uses a periodic inventory system. At the end of the annual accounting period, December 31, the accounting records provided the following information for a product.

Units

Unit Cost

Inventory, December 31 Year 1

2,000

For the current year:

Purchase , April 11

5,000

Purchase, June 1

3,000

Inventory, December 31 Year 2

4,000

Compute ending inventory and cost of goods sold under FIFO, LIFO, and average cost inventory costing methods.

Reference no: EM13472726

Questions Cloud

Suppose that companys accounting policy requires including : a company just completed a physical inventory count at year-end december 31. items were counted and costed on a fifo

What different persuasive approaches would you use with the : write a 350-word response answering the following questionq1. what different persuasive approaches would you use with

Fnd out cost of goods available for sale ending inventory : a company uses the fifo inventory costing method and has a perpetual inventory system. all purchases and sales were

Write a 350- to 500-word cultural evaluation in which you : as a manager for a large multinational corporation you travel around the world giving presentations and conducting

A company uses the periodic inventory system calculate : a company uses a periodic inventory system. at the end of the annual accounting period december 31 the accounting

John went to store he bouht lamp for 5656 that was on sale : john went to the store. he bouht a lamp for 56.56 that was on sale 20 percent then you can talk an additional 50

Write down a 1750- to 2100-word debate paper in which you : write a 1750- to 2100-word debate paper in which you create a debate of a current event or other controversial topic

From the second e-activity give at least two examples of : choose two models of organizational performance and compare and contrast them by evaluating their differences and

Fnd out chance of control manager stopping lathe when it : the quality control manager shuts down an automatic lathe for corrective maintenance whenever a sample of the

User Account

All Pages