Cost of merchandise sold on march

Reference no: EM131002936

Beginning inventory, purchases, and sales for Item Foxtrot are as follows:

Mar. 1	Inventory	270 units at $18
8	Sale	225 units
15	Purchase	375 units at $20
27	Sale	240 units

Assuming a perpetual inventory system and using the last-in, first-out (LIFO) method, determine (a) the cost of merchandise sold on March 27 and (b) the inventory on March 31.

Reference no: EM131002936

Questions Cloud

Write a classified advertisement for an object : Your response should be at least 200 words in length. You are required to use at least your textbook as source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have acco..

Write a java program to demonstrate the use of inheritance : Write a Java program to demonstrate the use of inheritance, polymorphism, interfaces and transaction processing. This program will also use the Vector class.

Model for antibiotic use in sinus infections : Chain rule- We studied a model for antibiotic use in sinus infections. If x is the amount of antibiotic taken orally (in mg), then the function h(x) gives the amount entering the bloodstream through the stomach.

How many kilograms of water evaporate : A man consumes 2,536 kcal of food in one day, converting most of it to maintain body temperature. If he loses half this energy by evaporating water (through breathing and sweating), how many kilograms of water evaporate? (Lvap = 580 kcal/kg)

Cost of merchandise sold on march : Assuming a perpetual inventory system and using the last-in, first-out (LIFO) method, determine (a) the cost of merchandise sold on March 27 and (b) the inventory on March 31.

What did his parents do for a living : Was he married, did he have children, what about his parents and brothers and sisters, what did his parents do for a living, where and when he died.

Why the united states needed to replace : BRIEFLY sketch why the United States needed to replace the Articles of Confederation, then describe IN DETAIL how a division of federal power with checks & balances, in the new Constitution (as amended with the Bill of Rights) successfully resolve..

Computing service-hours depreciation : The company acquired a machine on January 1 at an original cost of $60,000. The machine's estimated residual value is $10,000, and its estimated life is 10,000 service hours.

What will be the image distance when he reverses the mirror : A man holds a double-sided spherical mirror so that he is looking directly into its convex surface, 41 cm from his face. The magnification of the image of his face is +0.35. What will be the image distance when he reverses the mirror (looking into..

User Account

All Pages