Determine the cost of the inventory on october 312014 by

Assignment Help Accounting Basics
Reference no: EM13578180

Dymac Appliannces uses the periodic inventory system. Details regarding the inventory of appliances at November 1, 2013, purchases invoices for the next 12 months, and the inventory count at Octover 31, 2014 are summarized as followed:file://localhost/Users/AlysaFerer/Desktop/Screen%20Shot%202014-06-19%20at%2012.34.03%20AM.png

Determine the cost of the inventory on October 31,2014 by the FIFO methos. Present data in columnar form using the following headlines: Model, quanitiy, unit cost, total cost. If the inventory of a particular model compromises one entire purchase plus a portion of another purchase acquired at a differnet unit cost, use a seperate line

  1. Determine the cost f the inventory on oct 31 by the LIFO using the same method as number one.
  2. Determine the cost of inventory on oct 31 by weighted average cost method, using columanr headings indicated in number one

Reference no: EM13578180

Questions Cloud

Jose purchased a house for 300000 in 2010 he used the house : jose purchased a house for 300000 in 2010. he used the house as his personal residence. in march 2013 when the fair
On january 1 2008 jose company purchased a building for : on january 1 2008 jose company purchased a building for 200000 and a delivery truck for 20000. the following expenses
Ause the kaplan-meier product-limit method to estimate the : below are the intervals from primary aids diagnosis until death for a sample of 12 hemophiliac patients at most 40
Asample of 17 people reveals the mean yearly consumption : the u.s. dairy industry wants to estimate the mean yearly milk consumption. a sample of 17 people reveals the mean
Determine the cost of the inventory on october 312014 by : dymac appliannces uses the periodic inventory system. details regarding the inventory of appliances at november 1 2013
Financial reporting decisions do not affect corporate : financial reporting decisions do not affect corporate taxation however corporate taxation does affect financial
For the population of people who suffer occasionally from : for the population of people who suffer occasionally from migraine headaches suppose that p 0.60 is the proportion
Halifax manufacturing allows its customers to return : halifax manufacturing allows its customers to return merchandise for any reason up to 90 days after delivery and
The supreme court has said that z-scores beyond z 2 or 3 : the supreme court has said that z-scores beyond z 2 or 3 are generally convincing statistical evidence. for a

Reviews

Write a Review

Accounting Basics Questions & Answers

  Olaf corporation prepares its statement of cash flows

olaf corporation prepares its statement of cash flows using the direct method. the following items were listed on olafs

  Problem on dowell chemical corporation research

Dowell Chemical Corporation Research 15-2 FASB codification; locate and extract relevant information and authoritative support for a financial reporting issue.

  Assume the company estimates bad debt using anging anlyasis

slider company sales its marchemdice only when crdiet. the following data is avalible in december 31 2014sales

  What is the recorded impairment and net value

What is the recorded net value of this machine on December 31, 2009 and 2011 using US GAAP?

  At the end of its accounting period december 31 the

at the end of its accounting period december 31 the allowance for doubtful accounts for far-fetch corp. showed a debit

  What is the actual wage rate per hour compute the labor

a popular product of loring glassworks is a hand-decorated vase. the companys standard cost system calls for .75 hours

  Legal services incrueed during company organization

Prepare journal entries to record, Jan. 10 sold 102,000 shares of commone stock for $8 cash per share. Jan 15 Exchanged 10,000 shares of common stock for equipment with a market value of $80,000. Feb. 1 Exchanged 500 shares of common stock for $3,..

  Prepare the entry to record any unrealized holding

Shonen Knife Corporation has elected to use the fair value option for one of its notes payable. The note was issued at an effective rate of 11% and has a carrying value of $16,000. At year-end, Shonen Knife's borrowing rate has declined; the fair ..

  Cbs companys manufacturing accounting system uses direct

cbs companys manufacturing accounting system uses direct labor costs to apply overhead to goods in process and finished

  Hal gore won a 1 million prize for special contributions to

hal gore won a 1 million prize for special contributions to environmental research. this prize is awarded for public

  Variable cost per unit-dash club analysis

The dash club of tampa, florida,collected receipes from memebers and published a cookbook entitled life of the party.the book will sell for $25 per copy.the chairwoman of the cookbook development committee estimated that the club needed to sell 10..

  Fillip corporation makes 4000 units of part u13 each year

fillip corporation makes 4000 units of part u13 each year. this part is used in one of the companys products. the

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