Solution-Calculate cost per unit, Calculate ending

Calculate cost per unit

Assignment Help Accounting Basics

Reference no: EM131733024

Problem - You are provided with the following information for Najera Inc. for the month ended June 30, 2017. Najera uses the periodic method for inventory.

Date	Description	Quantity	Unit Cost or
			Selling Price
June 1	Beginning inventory	40	$40
June 4	Purchase	136	44
June 10	Sale	115	69
June 11	Sale return	12	69
June 18	Purchase	58	46
June 18	Purchase return	9	46
June 25	Sale	66	74
June 28	Purchase	35	50

Calculate cost per unit.

Calculate ending inventory, cost of goods sold, gross profit under each of the following methods. (1) LIFO. (2) FIFO. (3) Average-cost.

Reference no: EM131733024

Questions Cloud

Explain contractionary fiscal policy and its effects : Explain contractionary fiscal policy and its effects on the economy and Federal budget

What is the current price per share of the stock : Dividend Policy. The Quick Buck Company is an all-equity firm that has been in existence for the past three years. Company management expects that the company.

Why should not nursing practice evolve : What we sometimes forget is the barriers we make for ourselves. As nurses, we provide the biggest barriers to evidence baseed practice in nursing.

Common equity comes from retained earnings : What is the WACC when all of the new common equity comes from retained earnings?

Calculate cost per unit : Calculate ending inventory, cost of goods sold, gross profit under each of the following methods. (1) LIFO. (2) FIFO. (3) Average-cost

Discuss expansionary and contractionary fiscal policy : Explain expansionary fiscal policy and its effects on the economy and Federal budget

Improving communication in organizations : Explain in general what do you mean by research philosophy - Now choose one from the above and state the reason why you have chosen that particular philosophy

What is the pretax required return on gordon stock : Expected Return, Dividends, and Taxes. The Gecko Company and the Gordon Company are two firms whose business risk is the same but that have different dividend.

Find the project deadline that gives this project : A project being analyzed by PERT has 55 activities, find the project deadline that gives this project a 19% chance of on-time completion.

User Account

All Pages

Calculate cost per unit

Reference no: EM131733024

Reference no: EM131733024

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT