Compute the value of Tamarisk Inc inventory at May

Assignment Help Accounting Basics
Reference no: EM132663895

Question - At May 1, 2022, Tamarisk, Inc. had beginning inventory consisting of 310 units with a unit cost of $7. During May, the company purchased inventory as follows:

620 units at $7

940 units at $8

The company sold 1560 units during the month for $12 per unit. Tamarisk, Inc. uses the average cost method. Compute the value of Tamarisk, Inc.'s inventory at May 31, 2022?

a. $2480.

b. $2325.

c. $2170.

d. $14030.

Reference no: EM132663895

Questions Cloud

Conduct your subtotals using the average function : go to the Step 3 sheet and conduct a subtotal of the average age of the victim (C_Age) by watch. Hint: sort by watch, then conduct your subtotals.
Prepare the journal entries needed on the books : On April 1, 2017, Blossom Company sold 32,400 of its 11%, 15-year, $1,000 face value bonds at 98. Prepare the journal entries needed on the books
How the literature will help you with your project : For each resource, please describe in a paragraph or two how this literature will help you with your project. In addition, you should provide your independent.
Evaluate the impact of community policing on police : Evaluate the impact of community policing on police and community relations. Is it effective? In doing so, address the challenges to implementing community.
Compute the value of Tamarisk Inc inventory at May : Tamarisk, Inc. uses the average cost method. Compute the value of Tamarisk, Inc.'s inventory at May 31, 2022
Describe the public perception of law enforcement : Provide strategies police leaders can implement to improve the public's perception of law enforcement. Consider including examples of recent deadly force.
Discuss offender and situational variables : Discuss offender and situational variables and how they impact police discretion. Provide examples. Your essay response should comprehensibly address.
Compute the breakeven point in units : Aspen Artifacts sells a single product. 7,000 units were sold resulting in $70,000 of sales revenue, Compute the Breakeven point in units
Describe the scope and consequences of the problem : Select a criminal justice topic related to "organized crime"/problem to define, describe the scope and consequences of the problem, and assess society's.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Estimating the manufacturing costs

Estimating the manufacturing costs if Robert's produces 100,000 widgits in January

  What percentage interest in the pool is held by the town

Earnings on pooled investments for the six months ended June 30 totaling $300,000, What percentage interest in the pool is held by the town and school district

  Cord companys plant asset and accumulated depreciation

Prepare a schedule analyzing the changes in each of the plant asset accounts during 2011. This schedule should include columns for beginning balance, increase, decrease, and ending balance for each of the plant asset accounts. Do not analyze changes ..

  Prepare the appropriate journal entries for krusty burger

Prepare appropriate journal entries for Krusty Burger on January 1, 2014. Prepare an amortization schedule describing pattern of interest over the lease term.

  What is the key difference between a static budget

What is the key difference between a static budget and a flexible budget? Why might managers find a flexible-budget analysis more informative

  The following columnar headings are suggested for recording

The double-declining-balance method. Also determine the total depreciation expense for the four years by each method. The following columnar headings are suggested for recording the depreciation expense amounts:

  Calcuate the maximum increase in the contribution margin

If the limited resource can be increased by 700 hours, calcuate the maximum increase in the contribution margin. Assume that xcelera can sell all products.

  Due to an error in computing depreciation expense prewitt

1. to encourage employee ownership of the companys common shares kl corp. permits any of its employees to buy shares

  Prepare all entries required to properly record the sale

The bonds are sold on August 1, 2008 for $425,000 plus accrued interest. Prepare all entries required to properly record the sale

  How many cars are needed to breakeven

The contribution margin was $240,000. If fixed costs are $180,000 how many cars are needed to breakeven

  What are the available amount of the exclusion gain

Can Pedro use the § 121 exclusion if he and Maria file a joint return? If so, what are the available amount of the exclusion and the recognized gain

  How much can short-term debt increase without pushing

The Stewart Company has $1,167,500 in current assets, How much can its short-term debt (notes payable) increase without pushing its current ratio below 2.0?

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