Calculate the cost of ending inventory

Assignment Help Accounting Basics
Reference no: EM132706254

Question - Given the following? data, calculate the cost of ending inventory using the? weighted-average method for a periodic inventory? system, rounding to the nearest dollar.? (Do not round in the process of your? calculations, only round your final? answer.)

?1/1 Beginning inventory  50 units at? $10 per unit

?3/5 Purchases 30 units at? $14 per unit

?5/30 Purchases 25 units at? $15 per unit

?10/25 Purchases 20 units at? $16 per unit

?12/31 Ending inventory 45 units

Reference no: EM132706254

Questions Cloud

Benefits of feedback in the leader-follower relationship : Explain the benefits of feedback in the leader-follower relationship. What is the 360 degree tool and how is it applied in leadership development?
How much will product y report in the balance sheet : Torid Company processes 17,500 gallons of direct materials, How much will Product Y report in the balance sheet at the production method?
Five weaknesses of a city university : Give atleast five strengths and five weaknesses of a city university.
Make journal on the books of zara corp to record transaction : Make journal on the books of Zara Corp. to record transactions on December 16, 2019, the adjusting journal for December 31, 2019
Calculate the cost of ending inventory : Given the following? data, calculate the cost of ending inventory using the? weighted-average method for a periodic inventory? system
Advantages and disadvantages of the decision-making : What do you see as the advantages and disadvantages of the decision-making approach your company is employing?
Explain why coupon rate is equal to required rate of return : ABC Pharmaceuticals Inc. Explain why the coupon rate is equal to the required rate of return (yield to maturity) at the time of bond issuance.
What is system and contingency approach : What is system and contingency approach?
What owners equity at the end of the year totaled : What Owners' equity at the end of the year totaled. At the beginning of the fiscal year, the balance sheet showed assets of $1,364 and owners' equity of $836.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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