User Account

All Pages

A physical count on may 31 2010 shows 2000 units of part mo

Assignment Help Accounting Basics
Reference no: EM13595685

Zimmerman Corp. had 1,500 units of part M.O. on hand May 1, 2010, costing $21 each. Purchases of part M.O. during May were as follows.

  • Units
    • Unit Cost
  • May 9 2,000 $22.00
    • 17 3,500 23.00
    • 26 1,000 24.00

A physical count on May 31, 2010, shows 2,000 units of part M.O. on hand. Using the FIFO method, what is the cost of part M.O. inventory at May 31, 2010? Using the LIFO method, what is the inventory cost? Using the average cost method, what is the inventory cost?

Reference no: EM13595685

Questions Cloud

Cadavieco detailings cost formula for its materials and : 1.when a flexible budget is used in performance evaluation actual costs are compared to what the costs should have been
Assuming that the henrys law constant for co2 in the drink : the partial pressure of co2 gas about the liquid in a carbonated drink is 6.2. assuming that the henrys law constant
Write down all species including states that are present in : write down all species including states that are present in signicant amounts when the following solids are added to
A solution is prepared by adding 250 ml of 130 m alcl3 : question a solution is prepared by adding 25.0 ml of 1.30 m alcl3 solution to a flask and then adding enough water to
A physical count on may 31 2010 shows 2000 units of part mo : zimmerman corp. had 1500 units of part m.o. on hand may 1 2010 costing 21 each. purchases of part m.o. during may were
Assuming the effective rate of interst is 12 and using the : assume that you have won the publishers clearing house sweepsteaks. when you are contacted about your winnings you are
Calculate the boiling point in degrees c of a solution : calculate the boiling point in degrees c of a solution made by dissolving 2.87 g of sucrose in 29.6 g of water. the kbp
One of wpcs sales representatives receives a special offer : wpc has excess production capacity and is considering the possibility of making and selling paging equipment. the
Sulfur reacts with oxygen to produce sulfur dioxide but : sulfur reacts with oxygen to produce sulfur dioxide but only if the high activation energy is supplied. which condition

Reviews

Write a Review

Accounting Basics Questions & Answers

  Company operates an off-airport parking facility which

company operates an off-airport parking facility which allows travelers to park their vehicles and transports them to

  What will be expected net income this year

Refer to the Stealth Software Inc. information above. If the sales price per unit is $30 and the company expects a 30% increase in sales volume this year along with a 20% decrease in fixed costs. What will be expected net income this year?

  Earnings and profits balances place the upper limit on the

earnings and profits balances place the upper limit on the amount of dividend that shareholders must recognize for tax

  Prepare a statement of cash flows using the direct method

the following transactions occurred during february 2013 for the quest company. the company owns and operates a

  Amount of withdrawal after tax considerations

What amount of the withdrawal, after tax considerations, will Brooklyn have available to purchase the car?

  What are the consequences to the corporation

The basis of the land in the corporation's hands is $68,000. What are the consequences to the corporation and the shareholders as a result of this distribution?

  Prepare the journal entries under the par value method

The Feldbrand Corporation issued 300 shares of $200 par common stock at $220. Some time later the stockholders donated 100 shares which were retired. Prepare the journal entries under the par value method.

  What is the rebate expense and liability

What is the rebate expense and liability, respectively, shown on the 2007 financial statements dated December 31?

  Aaron corporation is projecting a cash balance of 30000 in

aaron corporation is projecting a cash balance of 30000 in its december 31 2013 balance sheet. aarons schedule of

  Since 2005 publicly traded companies in the european union

since 2005 publicly traded companies in the european union have been required to use ifrs in preparing their

  At the beginning of the recent period there were 880 units

at the beginning of the recent period there were 880 units of product in a department one-third completed. these units

  Reported in consolidated balance sheet

Tanner Company was acquired for cash in a transaction that created goodwill. At what amounts will the building and land be reported in the consolidated balance sheet immediately following the purchase?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd