User Account

All Pages

Calculate the value of ending inventory

Assignment Help Accounting Basics
Reference no: EM132465512

Problem - Noise Makers Inc. has the following inventory data:

July 1 Beginning inventory 20 units at $19 $ 380

July 7 Purchases 70 units at $20 $1,400

July 22 Purchases 10 units at $22 $220

A physical count of merchandise inventory on July 30 reveals that there are 40 units on hand. Using the average cost method, calculate the value of ending inventory?

Reference no: EM132465512

Questions Cloud

What are the candaces total earnings : During a certain week, in addition to her regular 32 hours, Candance worked 6 hours on the fifth day and 5 hours on Saturday. Candace's total earnings are
Calculate the first payment and indicate which party : Calculate the first payment and indicate which party (Neflix or the dealer) pays which. Assume that payments will be made on the basis of 90/360 days.
What will Valdez record as Bad Debt Expense : Valdez Company uses the percent of receivables method to estimate uncollectible accounts expense. What will Valdez record as Bad Debt Expense
Prepare income statements for tv plus in january : Prepare income statements for TV Plus. Contrast the results in requirement 1 with the operating income results under variable costing and absorption costing.
Calculate the value of ending inventory : A physical count of merchandise inventory on July 30 reveals that there are 40 units on hand. Using the average cost method, calculate value of ending inventory
Standard deviation of the minimum variance portfolio : Using the stock and bond portfolios from the previous problem, what is the standard deviation of the minimum variance portfolio formed from this stock
Optimal risky portfolio from this stock and bond portfolio : Assume the risk-free rate is 2.50%. Using the stock and bond portfolios from problem 1, what is the bond weight in the tangency portfolio formed
Coca-colas new vending machine : Deeper analysis to the case - Coca-Cola's New Vending Machine (A): Pricing To Capture Value, or Not
What is the net operating profit after taxes : What is the net operating profit after taxes (NOPAT) for 2016? Enter your answer in millions. What is the free cash flow for 2016? Enter your answer in millions

Reviews

Write a Review

Accounting Basics Questions & Answers

  Volume variance-quantity-price and total variances

A hospital manager budgeted $100,000 for monthly nursing expenses in the hospital's well-baby clinic. The manager expected that the clinic would treat $5000 babies and pay its nurses $40 per hour.

  Completing the irac evaluation

Do a complete IRAC evaluation as to whether Paula is right about the contract. Does she have legal rights against Dave based upon the promises Dave made to her.

  What will the payment be in five months

This problem belongs to Accounting and it discuss about calculation of compounded monthly interest for an overdue account

  Charles has agi of 50000 and has made the following

charles has agi of 50000 and has made the following payments related to land he inherited from his deceased aunt and a

  Determining the alternative payment options

Kathy Clark owns a small company that makes ice machines for restaurants and food-service facilities. Kathy knows a great deal about producing ice machines but is less familiar with the best terms to extend to her customers. One customer is openin..

  Snoopy co sold equipment to peanut co for a 42000 gain on

peanut company acquired 75 percent of snoopy companys stock at underlying book value on january 1 20x8. at that date

  Prepare a trial balance for the mentioned company

The following transactions occur during December 2018: December 1 Pay rent for mountain lodges the month of December, $1,600.

  Prepare a statement of cash flows for year ending december

Prepare a statement of cash flows for the year ending December 31, 2008 using (a) the direct method and (b) the indirect method

  Calculate the reacquisition price of the bonds on january

Calculate the reacquisition price of the bonds on January 2, 2016, and prepare the journal entry to record the reacquisition of Davis's bonds

  The interest expense of 100 arises from a notes payable

usaco a domestic corporation is the wholly-owned u.s. subsidiary of forco a foreign corporation. the u.s.-country f tax

  Prepare a detailed multi-step income statement

An inexperienced accountant prepared this condensed income statement for Simon Company, a retail firm that has been in business for a number of years. Prepare a detailed multi-step income statement

  Find the court decision located

Find the court decision located at 2007-1 USTC ¶50,210. a. What court heard the case?

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