Compute the amount of goods available for sale

Assignment Help Accounting Basics
Reference no: EM13146119

Compute the amount of goods available for sale, ending inventory, and cost of goods sold at December 31, 2009, under each of the following inventory costing methods. For Specific Identification, assume that the March 14, 2009, sale was selected two-fifths from the beginning inventory and three-fifths from the purchase of January 30, 2009. And that the sale of August 31, 2009, was selected from the remainder of the beginning inventory, with the balance from the purchase of May 1, 2009. (Do not round Weighted average cost per unit. Round your final answers to the nearest dollar amount. Omit the "tiny_mce_markerquot; sign in your response.)

Reference no: EM13146119

Questions Cloud

Break-even point and margin of safety : In the middle of the year, the price of Lake Corporation's major raw material increased by 8%. How would this increase affect the company's break-even point and margin of safety?
How demand and supply determines prices : how demand and supply determines prices in "contemporary art market" and the effects on speculation
Find the specific solubilities for agcl, pbcl2 : find the specific solubilities (in g/100g H2O) in both cold and hot water for AgCl, PbCl2, and Hg2Cl2.
Explain osmosis in terms of a permeable membrane : describe the general structure of a phospholipid molecule and what makes it suitable as a major component of plasma membrane?
Compute the amount of goods available for sale : Compute the amount of goods available for sale, ending inventory, and cost of goods sold at December 31, 2009, under each of the following inventory costing methods.
Find probability that mean blackness of spots is less : Assuming that thedistribution has not changed from what it was in the past year, what is the probability that the mean blackness of the spots is less than 1.0?
Discuss in general the ethical issues : Discuss in general the ethical issues when employees are tempted to defraud their employer or when companies defraud the public.
Compute the heat of formation : Calculate the heat of formation, Hof, of pentane given that the Hof of H_2O(l) is -285.3 kJ mol-1 and Hof of CO_2(g) is -393.5 kJ mol-1
What will be the volume of dry nitrogen : A volume of 200mL of nitrogen is collected over water at a temperture of 24 degrees celcius and the atmospheric pressure of 100 kPa. What will be the volume of dry nitrogen at 24 degrees celcius and 125 kPa?

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.

  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!

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