User Account

All Pages

Calculate the dollar value of the ending inventory

Assignment Help Accounting Basics
Reference no: EM131757401

During the past year, Sweeter than Honey Inc. sold 920 beehives. Inventory records for the year are as follows:

DATE   QUANTITY COST TOTAL
January 1 Beginning Inventory 180 $38 $ 6,840
January 30 Purchase 300 32 9,600
March 16 Purchase 150 12 1,800
November 10 Purchase 420 15 6,300
December 14 Purchase 400 43 17,200
Total available for sale   1,450   $41,740

Using the average cost method of inventory pricing, calculate the dollar value of the ending inventory. (Round your answer to 2 decimal places)

Reference no: EM131757401

Questions Cloud

Conduct a security assessment on limetree inc systems : Conduct a security assessment on Limetree Inc.'ssystems and processes to identify the root cause of the security breach.
Percent of observations that fall within standard deviation : Calculate the percent of observations that fall within 1, 2, and 3 standard deviations of the mean. How do these results compare with the 68-95-99.7 rule?
Liquidity preference framework : Use the money market diagram (liquidity preference framework) to analyze the effects of the following on the interest rate.
Analyze the effects of the following on real output : Use the Keynesian cross diagram to analyze the effects of the following on real output. (a) Decrease in government purchases (b) Increase in autonomous
Calculate the dollar value of the ending inventory : Using the average cost method of inventory pricing, calculate the dollar value of the ending inventory
What is the market equilibrium price and quantity : (a) If the industry was perfectly competitive, what is the market equilibrium price and quantity?
Potential advantages of fdi for developing countries : What are the three major potential advantages of FDI for developing countries?
Discuss retail method to estimate the value of the inventory : Use the retail method to estimate the value of the inventory as of January 31 given the following financial information
Write a brief summary of assessment : Density of the earth In 1798, the English scientist Henry Cavendish measured the density of the earth several times by careful work with a torsion balance.

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