Calculate weighted average cost per unit

Assignment Help Financial Accounting
Reference no: EM132756735

Question - Amsterdam Company uses a periodic inventory system. For April, when the company sold 600 units, the following information is available.

April 1 inventory units 250 unit cost $10 Total cost $2500

April 15 purchase units 400 unit cost $12 total cost $4,800

April 23 purchase units 350 unit cost $13 total cost $4,550

Total units 1,000 Total Costs $11,850

Part 1 - Calculate weighted average cost per unit.

Part 2 - Compute the April 30 inventory and the April cost of goods sold using the average-cost method.

Reference no: EM132756735

Questions Cloud

Calculate the carrying amount of the asset : Calculate the carrying amount of the asset above at 31 March 20X2, after applying any impairment losses. Calculations should be to the nearest $1,000
Goods and service design : Examine some of the steps that are involved in designing goods and services. Select two services or two products that are currently on the market.
What is the expected value of perfect information : UWX Company can make either of 2 products, XX and YY, but not both. What is the expected value of perfect information as to the state of the market
Evaluate lenscrafters operations strategy : Evaluate LensCrafters' operations strategy and explain how the organization seeks to gain a competitive advantage in terms of sustainability.
Calculate weighted average cost per unit : For April, when the company sold 600 units, the following information is available. Calculate weighted average cost per unit
When should the architect begin the analysis : When should the architect begin the analysis? What are the activities the architect must execute? What are the tips and tricks that make security architecture.
Companies foreign operations : Should U.S. civil rights laws apply to U.S. companies' foreign operations? Express your opinion on this issue.
How much loan does Molly need : The dealer will take the $500 Cash Allowance straight off her total. How much loan does Molly need
Define the various technologies that are emerging : Please review the article and define the various technologies that are emerging as noted in the article. Note how these emerging technologies are impacting.

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd