User Account

All Pages

Compute the april inventory and the cost of goods sold

Assignment Help Accounting Basics
Reference no: EM131604149

Question - Pina Company uses a periodic inventory system. For April, when the company sold 470 units, the following information is available

Units Units Cost Total Cost

April 1 inventory 290 $18 $ 5,220

April 15 purchase 400 22 8,800

April 23 purchase 310 23 7,130

1,000 $21,150

Compute the April 30 inventory and the April cost of goods sold using the LIFO method.

Reference no: EM131604149

Questions Cloud

How will you support the arts in the future : Write a summary of how you would like to see the arts made more a part of your community. Is there anything you can do to make this happen?
Compute the april cost of goods sold : Stellar Company uses a periodic inventory system. Compute the April 30 inventory and the April cost of goods sold using the FIFO method
Suggest two ways that new sources of evidence for evolution : Suggest two ways that new sources of evidence for evolution can help to corroborate observations that were made by early evolutionary thinkers.
Describe the potential effects of barriers stemming : Define exceptional abilities. Describe the potential effects of barriers stemming from those abilities
Compute the april inventory and the cost of goods sold : Pina Company uses a periodic inventory system. Compute the April 30 inventory and the April cost of goods sold using the LIFO method
Conduct an impact evaluation using appropriate methods : Conduct an impact evaluation using appropriate methods in R or Stata - impact of educational quality improvement programme in Tanzania on pupil learning.
Distinguish between these disorders and give your diagnosis : It has been suggested that Vincent Van Gogh suffered from either Schizophrenia or Bi-polar disorder
Find the width and height of the beam of maximum strength : A rectangular beam is cut from a cylindrical log of radius 30 cm. The strength of a beam of width w and height h is proportional to wh2.
Discuss how does nagel support his strong claim : How does Nagel support his strong claim that we are not responsible for most of the actions that we praised or blamed for

Reviews

Write a Review

Accounting Basics Questions & Answers

  Following problems based on the megaware case study

Megaware, Incorporated is a technology firm that was founded eight years ago by John Thompson and Jill Dillman. Megaware manufactures various hardware and software components. Its products are used in personal computers and other peripheral device..

  Question regarding the quantity discount

If Ping Wang, the owner, orders in quantities of 300 or more, he can get a 5% discount on the cost of the detectors. Should Wang take the quantity discount?

  Distinguish among accounting research bulletins

Distinguish among Accounting Research Bulletins, Opinions of the Accounting Principles Board, and Statements of the Financial Accounting Standards Board.

  Frank a single person age 52 sold his home this year for

frank a single person age 52 sold his home this year for 202000. he had lived in the house for 10 years. he signed a

  Mucky corporation was just formed the given accounts of

mucky corporation was just formed. the following accounts of mucky corporation with code letters are needed to record

  Journalize the transactions and posting

Journalize the Transactions and Posting  them into ledger and Preparation of Trial Balance.

  What problems did his policy encounter

Describe the policy that Andrew Jackson employed in his quest for Indian Removal. What problems did his policy encounter? What effects did the removal have on Native Americans?

  Laker uses a periodic inventory system for specific

laker company reported the following january purchases and sales data for its only product.dateactivitiesunits acquired

  Type of extrinsic reward

One type of extrinsic reward is paying for information. Some professionals may feel that they should be paid for their interview time or information.

  Competitive strategies and government policies

Management has recognized the effect of changes in the real-world competitive environment and government policies on other industries and anticipates similar events occurring in their industry, so they ask you for a report considering the followin..

  What type of controversy exists with accounting

What type of controversy exists with accounting for derivatives? Can they be treated as an asset, a liability, or both? Support your answer with examples.

  Approach to modeling multicomponent transport

In Kerkhof and Geboers, (2005)7 , the authors presented a new approach to modeling multicomponent transport that is purported to yield more accurate predictions than previously available models.

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