User Account

All Pages

Compute the inventory amount at december

Assignment Help Accounting Basics
Reference no: EM132468300

The Bravo Company manufactures a single product. On December 31, 2012 Bravo adopted the dollar-value LIFO inventory method. The inventory on that date using the dollar-value LIFO inventory method was determined to be $500,000. Inventory data for succeeding years are as follows:

Year Ended December 31                          Inventory at Respective Year-end Prices

Relevant Price Index (Base Year 2012)

2012                                     $500,000                                   1.00

2013                                       527,000                                   1.08

2014                                         635,000                                  1.15

2015                                          645,000                                   1.21

Question 1: Compute the inventory amount at December 31, 2013, 2014, and 2015 using the dollar-value LIFO inventory method for each year. (Round all amounts to the nearest dollar, 10 points each)

Reference no: EM132468300

Questions Cloud

Great spokesperson for marketing campaign : Which celebrity did you choose and in what way would they make a great spokesperson for this marketing campaign?
Characters and dolls in early years : What can be done to maintain Hello Kitty's distinctiveness as well as consumer attitude in the years to come?
Article analysis - articles on lexicons and metaphors : State the main points discussed in each of the journal articles. In another paragraph, state your thoughts and perspectives regarding the concepts covered
What do you think is the decision-making process : What do you think is the decision-making process when it comes to deciding whether to fly on a regular full-service airline versus EVA Air's Hello Kitty plane?
Compute the inventory amount at december : Compute the inventory amount at December 31, 2013, 2014, and 2015 using the dollar-value LIFO inventory method for each year.
Marketing management orientations : What marketing management orientations do you think wing on (which is a Travel and Tourism company in Hong Kong) advertisers are applying?
Famous quotation underlines the challenge of learning : What stops organizations learning from their past efforts at innovation - and what can they do to improve their learning capability in the future?
How many cans should be ordered at a time : The cost of each can of beans is $4. How many cans should be ordered at a time? How many orders should there be each year
Why do you think starbucks has historically : Why do you think Starbucks has historically been so successful avoiding substitutes? Do you think its advantage is eroding in this area? If so why?

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