User Account

All Pages

Determine the cost of the goods sold for the september

Assignment Help Accounting Basics
Reference no: EM133172186

Question - Beginning inventory, purchases, and sales for an inventory item are as follows:

Sep. 1 Beginning Inventory 33 Units @ $18

Sep. 5 Sale 19 units

Sep. 17 Purchase 34 units @ $19

Sep. 30 Sale 34 units

Assuming a perpetual inventory system and the first-in, first-out method:

a. Determine the cost of the goods sold for the September 30 sale.

b. Determine the inventory on September 30.

Reference no: EM133172186

Questions Cloud

Define a new variable pd : Does it cost more for an iced coffee or hot coffee? To examine this question data was collected for 41 cafes on the price of a medium sized coffee.
Key components of balanced scorecard : What are the key components of a balanced scorecard? What are the ethical issues that could be associated with the four key components of the balanced scorecard
Assignment on marketing research study : This is the foundational assignment for your Marketing Research Study. For this assignment, you will identify an issue or a company to research.
Content analysis with statistical analysis : Compare and contrast a content analysis with a statistical analysis.
Determine the cost of the goods sold for the september : Assuming a perpetual inventory system and the first-in, first-out method: Determine the cost of the goods sold for the September 30 sale
What are uber options in handling california ab5 : What are Uber's options in handling California AB5, an attempt to reclassify Uber's drivers as employees? What potential impact would each decision have?
What are some strategic-planning and operational decisions : What are some strategic, planning, and operational decisions that must be made by an apparel retailer such as Gap?
What gain would jeff bezos have to recognize : The land has an outstanding mortgage loan of $400,000. What gain, if any, would Jeff Bezos have to recognize for tax purposes
Increase responsiveness of company supply chain : How could a grocery retailer use inventory to increase the responsiveness of the company's supply chain?

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