Compute the cost of the ending inventory

Assignment Help Accounting Basics
Reference no: EM132087427

Question - Lisa Company had 182 units in beginning inventory at a total cost of $20,930. The company purchased 364 units at a total cost of $49,504. At the end of the year, Lisa had 146 units in ending inventory.

Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost.

Reference no: EM132087427

Questions Cloud

Importance of space exploration : The Universe is all of space and time and their contents that include planets, stars, galaxies, and all other forms of energy and matter.
Create an ipo chart for the problem : Create an IPO chart for the problem, and then desk-check the algorithm seven times, using sales of 20000, 20001, 30000, 50000, 50001, 75000, and -3.
What total amount should be credited to additional paid : What total amount should be credited to additional paid-in capital from common stock as a result of the conversion of the preferred stock into common stock
Explain each of the elements in your wireless network design : Describe what security settings you might want to implement in your router. Describe the reason for the number of access points that you need .
Compute the cost of the ending inventory : At the end of the year, Lisa had 146 units in ending inventory. Compute the cost of the ending inventory and the cost of goods sold under FIFO and LIFO
Discuss the elements of a thesis statement : Discuss the elements of a Thesis Statement / Main Idea / Main Point of an essay. Describe what it is, perhaps what it is not, and why it is important to the wor
Can the attacker cause the server to create many fully open : Can the attacker create half-open or fully open connections by simply sending an ACK packet to the target? Why or why not?
Determining the wuthering heights : Identify who the speaker in each of the following passage. Explain your rationale with at least three complete sentences.
What is walter taxable income for the six months : The employer also supplies him with uniforms for work valued at $700. What is Walter's taxable income for the six months that he works at the bed and breakfast

Reviews

Write a Review

Accounting Basics Questions & Answers

  Gunst company produces three video games android bio-mutant

gunst company produces three video games android bio-mutant and cyclops. cost and revenue data pertaining to each

  Killearn applies the equity method for its investment

Shaun's policy is to declare and pay a $1 per share cash dividend every April 1 and October 1. Shaun's income , earned evenly throughout each year, was $598,000 in 2013, $639,000 in 2014, and $692,400 in 2015.

  Complete the payroll register

Complete the Payroll register below and Prepare the journal entries to (a) accrue the payroll and (b) record employer payroll taxes expense

  Flaherty accounting services pays

(Cost behavior) Flaherty Accounting Services pays $2,000 per month for a tax software license. In addition, variable charges incurred average $9 for every tax return the firm prepares.

  Marital systems of a country

Briefly discuss the economic, political, educational, family, and marital systems of a country of your choice. When doing business in the chosen country, what kind of social hierarchies and social interactions should you be aware of?

  What is consolidated net income attributable

What is consolidated net income attributable to the controlling interest?

  Brewer company specializes in selling used cars during the

brewer company specializes in selling used cars. during the month the dealership sold 22 cars at an average price of

  Compute the amount of the discount taken by shoe

On February 5, Shoe returned $2,000 of goods. On February, 7, Shoe paid what it owed to Meyer. compute The amount of the discount taken by Shoe

  Determine the marginal costs of joint products

Why is it possible to determine the marginal costs of joint products produced in variable proportions but not those of joint products produced in fixed proportions?

  Distribution of income of families

The distribution of income of families in the US in 1979 (in actual dollars uncorrected for in?ation) is shown in the table below (Prob 4.28):

  Potomac electric has used ri as a measure of management

consider the following data for the two geographical divisions of the potomac electric company that operate as profit

  Describe the types of questions used and explain

ACC8000 ASSIGNMENT. A researcher might use interviews in a quantitative and a qualitative study. Describe the types of questions used and explain why they are used in interviews in quantitative studies. Describe the types of questions used and explai..

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