User Account

All Pages

Determine the inventory cost by the average cost methods

Assignment Help Accounting Basics
Reference no: EM131918531

Question - The units of Manganese Plus available for sale during the year were as follows:

Mar. 1

Inventory

23 units @ $31

$713

June 6

Purchase

28 units @ $30

840

Nov. 28

Purchase

37 units @ $37

1,369

 

 

88 units

$2,922

There are 10 units of the product in the physical inventory at November 30. The periodic inventory system is used. Round answers to the nearest whole doliar.

a. Determine the inventory cost by the FIFO method.

b. Determine the inventory cost by the LIFO method.

c. Determine the inventory cost by the average cost methods.

Reference no: EM131918531

Questions Cloud

Write a five page explication of poem the solitary reaper : Write a 3-5 page explication of poem The Solitary Reaper. For Wordsworth poems use the checklist Characteristics of Wordsworth's Poetry as a guide to the poems.
Discuss the manner and actions that human resources : Can someone help me discuss the manner and actions that human resources can undertake to assist an organization to expand its operations throughout the world.
Value of the shareholders equity account for this firm : What is the value of the shareholders’ equity account for this firm?
What made the candidate so successful : At the end of an election, when the votes are tallied, one candidate emerges a winner. What made the candidate so successful?
Determine the inventory cost by the average cost methods : There are 10 units of the product in the physical inventory at November 30. Determine the inventory cost by the average cost methods
Discuss how evidence-based management : Discuss how evidence-based management and evidence-based medicine can be used by a board to improve quality and patient safety?
Why jan may be encountering the difficulties : Write a report explaining why Jan may be encountering the difficulties he is facing and to make recommendations as to how he should proceed
Describe two elements from your program of study : Describe two elements from your program of study that you found most valuable for your future career and explain why.
Calculate the manufacture productivity : Material cost is $1.5 per part. Calculate the manufacture productivity.

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