Duke associates antique dealers purchased the contents of

Assignment Help Accounting Basics

Reference no: EM13588317

Duke Associates, antique dealers, purchased the contents of an estate for $38,600. Terms of the purchase were FOB shipping point, and the cost of transporting the goods to Duke Associates' warehouse was $1,750. Duke Associates insured the shipment at a cost of $260. Prior to putting the goods up for sale, they cleaned and refurbished them at a cost of $600.Determine the cost of the inventory acquired from the estate.

Reference no: EM13588317

Questions Cloud

How many finished goods units should be produced during the : the following information is taken from the production budget for the first quarterbeginning inventory in

Flip industries has equivalent units of 8000 for materials : flip industries has equivalent units of 8000 for materials and for conversion costs. total manufacturing costs are

Cost of goods manufactured equals 67000 for 2014 finished : cost of goods manufactured equals 67000 for 2014. finished goods inventory is 5500 at the beginning of the year and

Thus accepting the us armys order would require giving up : polaski company manufactures and sells a single product called a ret. operating at capacity the company can produce and

Duke associates antique dealers purchased the contents of : duke associates antique dealers purchased the contents of an estate for 38600. terms of the purchase were fob shipping

An object of mass 666 kg is released from rest and drops : an object of mass 6.66 kg is released from rest and drops 2.05 m to the floor. the collision is completely inelastic.

Mansfield corporation makes standard sized widgets for the : module two 2011 this module will focus upon the development of pro forma financial statements given various planning

What uniform magnetic field applied perpendicular to a beam : what uniform magnetic field applied perpendicular to a beam of electrons moving at 3.59 x 106 ms is required to make

Prepare a direct materials budget for musk oil by quarter : two grams of musk oil are required for each bottle of mink caress a very popular perfume made by a small company in

User Account

All Pages