User Account

All Pages

Calculate the dollar value of the ending inventory

Assignment Help Accounting Basics
Reference no: EM131757317

During the past year, a plumbing supply house sold 503 faucets. Inventory records for the year are as follows:

DATE   QUANTITY COST TOTAL
January 15 Beginning Inventory 28 $11.25 $ 315
March 22 Purchase 74 12.50 925
April 24 Purchase 150 20.00 3,000
October 10 Purchase 250 12.50 3,125
December 31 Purchase 500 8.25 4,125
Total available for sale   1,002 $11,490

Using the FIFO method of inventory pricing, calculate the dollar value of the ending inventory.

Reference no: EM131757317

Questions Cloud

What are the ethical considerations in this case : What are the ethical considerations in this case? Provide rationale for why these are ethical considerations..
Standard deviation of bone density in reference population : Measuring bone density Individuals with low bone density have a high risk of broken bones (fractures). Physicians who are concerned about low bone density.
Determine the short-run firm supply curve : A) Determine the short-run firm supply curve. B) What is the short-run equilibrium price and quantity?
What is most likely the best way of resolving the dispute : What are the relevant issues Zircon must consider in determining the ethics of what it should do about this situation in which it finds itself?
Calculate the dollar value of the ending inventory : Using the FIFO method of inventory pricing, calculate the dollar value of the ending inventory
Market is characterized by a monopolist : Re-do parts B) and C) of question 5, except that instead of perfect competition, the market is characterized by a monopolist.
What is the opportunity cost associated with product 1 : What is the marginal value of an additional hour of time on machine 1? Over what range of time is this marginal value valid?
Find the percentile corresponding to lidge salary : Baseball salaries Brad Lidge played a crucial role as the Phillies' "closer," pitching the end of many games throughout the season. Lidge's salary for the 2008.
Write a ten pages single space about design thinking : Write a 10 pages single space about Design Thinking! make sure it cited.

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

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