User Account

All Pages

Compute the cost of the ending inventory

Assignment Help Accounting Basics
Reference no: EM132113294

Question - Lisa Company had 298 units in beginning inventory at a total cost of $30,694. The company purchased 596 units at a total cost of $84,036. At the end of the year, Lisa had 238 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: EM132113294

Questions Cloud

What is the net present value for the investment : Salvage value of equipment $2,000 Recovery of working capital 4,000 Discount rate 10%. What is the net present value for the investment
Why a ceiling on rents would reduce the total surplus : Suppose the supply of rental apartments is completely inelastic in the short run. Show that imposing a ceiling on rents that is below the equilibrium rent.
Why would your enthusiasm for rent control wane over time : If you do not know whether you would be able to get a rent-controlled apartment, under what circumstances might you nonetheless vote for rent control?
Unbounded optimization problem : Is it possible for an unbounded optimization problem to have a bounded feasible region?
Compute the cost of the ending inventory : Lisa Company had 298 units in beginning inventory at a total cost of $30,694. Compute the cost of the ending inventory and the cost of goods sold
Define elements of central planning and market allocation : In a mixed economy, elements of both central planning and market allocation of resources are used in allocating productive resources.
What will be the amount of current liabilities : Long Term Liabilities Rs. 50,000, net profit during the year Rs. 15,000 and amount of total liabilities is Rs 175,000. What the amount of Current Liabilities
What are the advantages of the given method : Explain this with one of the non distribution methods( first come first served?) : Who receives the good or service from this distribution method?
Calculate the amount of conversion cost : A manufacturing concern has Raw material of worth Rs. 100,000, Direct Labor Rs. 75,000, Calculate the amount of Conversion cost

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