User Account

All Pages

Determine the cost of goods sold on October

Assignment Help Accounting Basics
Reference no: EM133034281

Problem - Perpetual Inventory Using FIFO - Beginning inventory, purchases, and sales for Item Zeta9 are as follows:

Oct. 1 Inventory 70 units @ $15

Oct. 7 Sale 47 units

Oct. 15 Purchase 69 units @ $17

Oct. 24 Sale 28 units

Assuming a perpetual inventory system and using the first-in, first-out (FIFO) method, determine (a) the cost of goods sold on October 24 and (b) the inventory on October 31.

Reference no: EM133034281

Questions Cloud

Social media hinder emergency management : How does social media assist emergency management. How does social media hinder emergency management.
INTB 3302 International Management Assignment : INTB 3302 International Management Assignment Help and Solution, Benedictine University - Assessment Writing Service
Why is cyber risk management becoming so important : Why is cyber risk management becoming so important in businesses today?
Differences between private and state-run prisons : Explain what research indicates about the differences between private and state-run prisons.
Determine the cost of goods sold on October : Assuming a perpetual inventory system and using the first-in, first-out (FIFO) method, determine (a) the cost of goods sold on October 24
Scientists speak of probability instead : Scientists speak of probability instead. What we know for sure is constantly changing - which is why it's important to see what's true for you right now.
Compute approximate internal rate of return of each project : Compute the approximate internal rate of return of each project. Which one should be adopted based on the internal rate of return approach
How would make this an income statement : The Wooden Chair Group has the following sales and cost data for the year ending 2021: Factory Depreciation 25,000. How would make this an income statement
What is its present value : Question - A perpetuity of $5,000 per year beginning two years from today offers a 15% annual return. What is its present value

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