User Account

All Pages

Calculate the manufacturing profit

Assignment Help Financial Accounting
Reference no: EM132967317

Question - The following information appears in the records of LIFA manufacturing firm:

Opening stock of completed goods RM1,500

Closing stock of completed goods RM1,650

Production costs of completed goods RM30,000

Market value of completed goods RM36,000

The firm transfers its completed goods from the factory at production cost plus 20%. You are required to:

i. Calculate the manufacturing profit, and ii. Prepare the provision for unrealized Profit Account?

Reference no: EM132967317

Questions Cloud

Contrast research philosophical worldview : Compare/contrast research philosophical worldview with that of a Christian worldview. Are there any areas that are problematic or do most philosophical worldvie
Find what growth rate would keep broken stock price constant : Find what growth rate would keep Broken's stock price constant? If the rate on Treasury bills drops by 0.50% and market premium increases by 1.0%.
Explain four key features of emotional intelligence : Explain four key features of emotional intelligence as it relates to personal development with a workplace example.
Shows understanding of internal controls that can be used : Shows understanding of internal controls that can be used and role of ethics in business, well researched and supported by examples.
Calculate the manufacturing profit : The firm transfers its completed goods from the factory at production cost plus 20%. You are required to: Calculate the manufacturing profit
Calculate caledon earning per share and return on investment : Calculate Caledon's earnings per share (EPS) and return on investment (EPS divided by share price) under the two scenarios, first before any new debt is issue
List five ways to identify customer needs : Outline at least TWO (2) forms of Australian legislation and regulations that are relevant to and can impact an organisation's approach to customer service.
Determine the ending inventory of finished goods : You have the following data regarding ABC company: Sales 560,000. Based on the above data, determine the ending inventory of finished goods
How do marketers learn what groups of people want : How do marketers learn what groups of people want? And how do marketers determine which type of promotional campaign is appropriate for a particular good or se

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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