User Account

All Pages

Calculate the amount that recorded for closing inventory

Assignment Help Financial Accounting
Reference no: EM132840280

Question - A business supplies the following information in regards to its inventory

Item

Qty

Unit cost

Price net realisable value

X

35

28

32

Y

60

45

35

Required - Calculate the amount that would be recorded for closing inventory?

Reference no: EM132840280

Questions Cloud

Why is business digitization needed from existing businesses : Why is business digitization needed from existing businesses? Explain the form of digitization that is suitable for MSMEs!
Determine the amount of cash paid : If a company purchases inventory for $40,000 with terms 2/10 n/30 and does not pay within the discount period, Determine the amount of cash paid
Explain field of corporate social responsibility : Are there companies you can name whose social responsibility actions you admire and trust?
Steps in the acquisition process for a negotiated : Outline the steps in the acquisition process for a negotiated best value source selection. Address the impact of the best value trade off method
Calculate the amount that recorded for closing inventory : A business supplies the following information in regards to its inventory - Calculate the amount that would be recorded for closing inventory
Advantages of integrating business processes : Explain the advantages of integrating business processes in an organization. List three enterprise applications for organization-wide process integration.
Issue of diversity in remote work groups : Have you experienced this and how should leadership approach the issue of diversity in remote work groups?
Record the withdrawal of Ka under each cases : Record the withdrawal of Ka under each of the following independent cases: Ka was paid P150,000 cash upon his retirement
Identify a small business organization in malaysia : Identify a small business organization in Malaysia that has experienced significant growth during the outbreak because of its digital operating model.

Reviews

Write a Review

Financial Accounting Questions & Answers

  What the adjusting journal entry to record the depreciation

What The adjusting journal entry to record the depreciation expense at December 31, 2007 would be?The 2007 depreciation on the building is $20,000.

  What was the original cost of the asset

A company sold equipment for $48,000. Total accumulated depreciation at the time of the sale was $19,000 and a loss of $9,000 was recognized on the sale. What was the original cost of the asset?

  How to find the required return for an asset with a beta

How to Find the required return for an asset with a beta of 2.2 when the risk-free rate and market return are 5% and 32%, respectively.

  Determine optimal capital structure

Calculate degree of financial leverage taken into account 50% tax rate. Determine optimal capital structure. Calculate EBIT and EPS at breakeven point

  Viking company purchased and installed carpet

Viking Company purchased and installed carpet in its new general offices on June 30 for a total cost of $15,000. The carpet is estimated to have a 12-year useful life and no residual value

  Identify the profit to investment

Identify the profit to your investment, at the call's expiration, for each of these value of the underlying stock: $25, $70, $100, $400.

  A budgeted indirect-cost rate of 22 per direct-labor hour

a budgeted indirect-cost rate of 22 per direct-labor hour. the subsequent data are obtained from the accounting records

  Solve the amount of depreciation expense for calendar

Calculate the amount of depreciation expense for calendar years 2014 and 2015 under The company uses the units-of-production method

  What is the amount and character of the distribution to jody

Vebos, Inc. distributes, Jody. Vebos had current E&P of $100,000 at the distribution. What is the amount and character of the distribution to Jody?

  How many units will have to be sold to meet target profit

Assume that next year Management wants the company to earn the profit at least $150,000. How many units will have to be sold to meet this target profit?

  What is net cash provided or used from financing activities

Cash receipts from issuance of ordinary shares 1,400,000. Cash receipts from customers 700,000. What is the net cash provided (used) from financing activities

  Use the contribution approach

The large buildup in sales before and during June is due to Father's Day. Ending inventories are supposed to equal 90% of the next month's sales in units. The ties cost the company $5 each.

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