User Account

All Pages

Calculate total amount to be assigned to cost of goods sold

Assignment Help Accounting Basics
Reference no: EM132465433

There are 1,300 units of inventory on hand on September 30, 20-2. Of these 1,300 units:

100 are from October 18, 20-1             1st purchase

200 are from January 12, 20-2             3rd purchase

100 are from March 17                        4th purchase

400 are from June 2                            5th purchase

200 are from August 21                       6th purchase

300 are from September 27                  7th purchase

Required:

Question 1: Calculate the total amount to be assigned to cost of goods sold for the fiscal year ended September 30, average method, round the average unit cost to two decimal places. Round all final answers

Reference no: EM132465433

Questions Cloud

Name the type of outlay cost that get recorded as an expense : Name the type of outlay cost that gets recorded as an expense in the period in which the cost was incurred.List the 3 types of this cost and label
Compute the millage rate : Total assessed value of property at the beginning of 2012: $65,000,000 and Property taxes to be collected: $7,000,000. Compute the millage rate in decimal form
What issues or areas of concern should be covered by audit : What issues or areas of concern should be covered by your audit? After completing your marketing audit, you are asked to develop a contingency plan
Price must you expect evco stock to sell for immediately : What price must you expect Evco stock to sell for immediately after the firm pays the dividend in one year to justify its current? price?
Calculate total amount to be assigned to cost of goods sold : Calculate the total amount to be assigned to cost of goods sold for the fiscal year ended September 30, average method, round the average unit cost
Calculate the accumulated value that payments : Calculate the accumulated value (S) that payments of $80 per quarter (paid at the end of the month) will accumulate to after 22 years if interest is paid
Calculate the value of the company share : Calculate the value of the company's share immediately after the dividend payment. Give your answer in dollars and cents to the nearest cent.
Company share immediately after dividend payment : Calculate the value of the company's share immediately after the dividend payment. Give your answer in dollars and cents to the nearest cent.
Calculate the price that biti bank paid to purchase : Calculate the price (PB) that Biti Bank paid to purchase the bond. Give your answer in dollars and cents to the nearest cent.

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