Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March.
Required:
1. Compute cost of goods available for sale and the number of units available for sale.
2. Compute the number of units in ending inventory.
3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d)specific identification. For specific identification, the March 9 sale consisted of 65 units from beginning inventory and 195 units from the March 5 purchase; the March 29 sale consisted of 45 units from the March 18 purchase and 85 units from the March 25 purchase. (Round your average cost per unit to 2 decimal places.)
4. Compute gross profit earned by the company for each of the four costing methods. For specific identification, the March 9 sale consisted of 65 units from beginning inventory and 195 units from the March 5 purchase; the March 29 sale consisted of 45 units from the March 18 purchase and 85 units from the March 25 purchase. (Round average cost per unit to 2 decimal places.)
Evaluate the firm's sales, net income, and net cash flow
Are members of Management ethically bound to perform unethically? I
Alpha Co. sold 10,000 shares of common stock, which has a par value of $ 10, for $ 13 per share. The company’s balance in retained earnings is $ 75,000. Prepare the stockholders’ equity section of the company’s balance sheet.
Determine the importance of knowing one's liquidity needs when planning to invest. Support your position
Evaluate the intrinsic value of the option? Determine the option's time premium at this price?
What is net present value of this investment opportunity? Based on your answer to (a) above, should Axillar go ahead with the new conditioning shampoo?
Which types of transactions, exchanges, or events would indicate that an investor has the ability to exercise significant influence over the operations of an investee?
At the beginning of 2013, based on new marketing research, Barkley determines that the fair value of the trade name is $24,000. Estimated total future cash flows from the trade name are $26,000 on January 4, 2013.
Prepare the required journal entry to record disposal of the van, assuming the following sales amounts for cash
If a preferred stock pays an annual $4.50 dividend, what should be the price of the stock if comparable yields are 10 percent? What would be the loss if yields rose to 12 percent?
Determine merchandise inventory
Standard hours allowed for the work done is 20,400 hours. The predetermined overhead rate is $7 per direct labor hour. Compute the total overhead variance.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd