Calculate the cost of goods available for sale

Assignment Help Cost Accounting
Reference no: EM132459464

Question 1: Splish Brothers Inc. had a beginning inventory on January 1 of 353 units of Product 4-18-15 at a cost of $21 per unit. During the year, the following purchases were made.

  • Mar. 15940 units at $24Sept. 4823 units at $27July 20588 units at $25Dec. 2235 units at $30 2,350 units were sold. Splish Brothers Inc. uses a periodic inventory system.

Problem (a) Determine the cost of goods available for sale.

  1. The cost of goods available for sale$

Reference no: EM132459464

Questions Cloud

Discuss the disadvantage= of the partnership form of busines : State any circumstances that would warrant deviation from this policy. Discuss the disadvantages of the partnership form of business ownership.
Determine the company net income for the year : Company during 2014 A dividend of $12,000 was paid to owners. Based on this information, determine the company's net income for the year 2014.
Calculate the manufacturing overhead cost per metal casement : Calculate the manufacturing overhead cost per metal casement manufactured during the period. Calculate the cost per unit of activity for each activity cost pool
What is the total store revenue perstate : Is the social security tax calculated correctly for the 10 highest paid employees? Do these employees making more than the upper limit have tax withheld correct
Calculate the cost of goods available for sale : Determine the cost of goods available for saleThe cost of goods available for sale$Splish Brothers Inc. had a beginning inventory on January 1 of 353
What is the easiest way to find out the roe : What is the easiest way to find out the ROE, RNOA, Non Operating Return, EBIT, Interest Expense, Times Interest Earned
Calculate the preliminary financial statements for green co : Calculate the preliminary financial statements for Green Co. and Gold Co. for the year ending December 31, 2018 prior to Green's acquisition of Gold.
What is the eps of hale corporation : Hale Corporation is comparing two different capital structures, an all-equity plan (Plan I) and a levered plan (Plan II). Under Plan I, the company
What is the liquidity premium on a three-year treasury : According to the liquidity premium theory, what is the liquidity premium on a three-year Treasury, L3?

Reviews

Write a Review

Cost Accounting Questions & Answers

  Cost accounting assignment

Evaluate Method of measuring costs associated with production, budgeting process, normal job-order costing system , master budget, cycle time.

  Prepare the journal entries

Prepare the journal entries to record the bond issue and interest expense.

  Advise as to the liability of all the parties

Write a report on given case study and Advise as to the liability of ALL the parties both under common law and the Corporations Law.

  Prepare revenues budget

Prepare Revenues budget and Production budget in units

  Effect of exchange rate changes on cash and cash

Effect of exchange rate changes on cash and cash

  Corporate governance

You are to reflect on how this case of China Sky relates to what the arguments for and against allowing audit firm partners and/or employees to join audit committees.

  Cost-benefit analysis

A cost-benefit analysis of electronic medical records in primary care

  Non-annual interest rates and annuities

Theory of Interest- Non-annual interest rates and annuities

  Job costing in service organizations

How is job costing in service organizations different from job costing in manufacturing environments?

  Accounting for bad debt expense

Accounting for bad debt expense

  Accounting and partnership problems

Accounting and Partnership problems

  Development of relevant cash flows

Development of relevant cash flows - Cost estimating and financial analysis

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