Bell inc took a physical inventory at the end of the year

Assignment Help Accounting Basics
Reference no: EM13603783

Bell Inc. took a physical inventory at the end of the year and determined that $650,000 of goods were on hand. In addition, Bell, Inc. determined that $50,000 of goods that were in transit that were shipped f.o.b. shipping point were actually received two days after the inventory count and that the company had $75,000 of goods out on consignment. What amount should Bell report as inventory at the end of the year? Be sure to show your work.

Reference no: EM13603783

Questions Cloud

In a trail of 160 patients who received 10-mg doses of a : in a trail of 160 patients who received 10-mg doses of a drug daily 40 reported headaches as a side effect. answer a
An electron in an oscilloscope is accelerated as a result : an electron in an oscilloscope is accelerated as a result of the potential difference between the cathode and anode.
How has hebrew thought influenced modern ideas of living a : how has hebrew thought influenced modern ideas of living a righteous life? what is the most significant benefit of
Determine a temperature quality and the volume in m3 of the : 20 kg of water at 200 kpa with a quality 25 is heated under a constant volume process until its pressure reaches 400
Bell inc took a physical inventory at the end of the year : bell inc. took a physical inventory at the end of the year and determined that 650000 of goods were on hand. in
Sales 50000 units 1000000 direct materials and direct labor : sales 50000 units 1000000 direct materials and direct labor 500000 other variable costs 50000 and fixed costs 180000.
Find the capacitance for a cylindrical jar of height 18 cm : the leyden jar invented by chance in 1746 was one of the earliest types of capacitors see the figure below made by
Assume that the rate of charge flow in a lightning bolt is : lightning occurs when there is a flow of electric charge principally electrons between the ground and a thundercloud.
Determine by trigonometry the tension in rope ac and the : a disabled automobile is pulled by means of two ropes. knowing that the tension in rope ab is 750 ib determine by

Reviews

Write a Review

Accounting Basics Questions & Answers

  If necessary the company will borrow cash from a bank the

the carlquist company makes and sells a product called product k. each unit of product k sells for 24 dollars and has a

  Direct labor standards at cepeda manufacturing corporation

direct labor standards at cepeda manufacturing corporation allow 5 direct labor-hours for every unit produced. the

  Question regarding the bowerbird corporation

Bowerbird Corporation purchased a 70% interest in Stage Corporation on June 1, 2006 at a purchase price of $390,400. On this date, Stage's book values were equal to its fair values except for an unrecorded copyright

  What is the financial accounting standards board fasb and

1. why was the sarbanes-oxley legislation passed in 2002 and what are its implications for the accounting profession?2.

  Crespi holdings has the following budgeted costs for 20000

crespi holdings has the following budgeted costs for 20000 unitsvariable costs fixed costsmanufacturing 200000

  Prepare the adjusting entries on january 31 account titles

prepare the adjusting entries on january 31. account titles are accumulated depreciationu2014 equipment depreciation

  Journal entry to record the retirement

Unamortized discount on bonds payable for $64,000. The bonds were issued on dec 31, 2008 at 95 with interest payable on june 30 and december 31( straight line). On january 1 2011 marin retire $640,000 of these bonds at 101. what are the journal en..

  Compute interest and find the maturity date

Compute interest and find the maturity date for the following notes.

  Identify the following costs as fixed or variable costs

identify the following costs as fixed or variable. costs related to plane trips between san diego california and

  Concept of straight-line depreciation

Stevens Co. bought a machine on January 1, 2008 for $875,000. It had a $25,000 estimated residual value and a ten-year life. An expense account was debited on the purchase date. Stevens uses straight-line depreciation.

  Computing the noncontrolling interests share

In computing the noncontrolling interest's share of consolidated net income, how should the sub- sidiary's income be adjusted for intercompany transfers?

  On april 1 2010 backspace corporation issued 2000000 6

on april 1 2010 backspace corporation issued 2000000 6 10-year bonds at 95. the bonds pay interest each october 1 and

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!

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