Solution-Find the amount allocated to cost of goods sold

Find the amount allocated to cost of goods sold for july

Assignment Help Managerial Accounting

Reference no: EM132983667

Question - Oriole Inc. has the following inventory data:

July 1 Beginning inventory 50 units at $19$ = 950

July 7th Purchases 104 units at $20 = 2080

July 22 Purchases25 units at $22 =. 550$

Total = 3580

A physical count of merchandise inventory on July 31 reveals that there are 49 units on hand. Using the FIFO inventory method, find the amount allocated to cost of goods sold for July?

Reference no: EM132983667

Questions Cloud

Compute the annual beginning of-the-year payment : Charles has already earmarked $15,177 for his son education. Compute the annual beginning of-the-year payment that is necessary to fund the current deficit

How much should be charged for the job in total : A job order for 300 windscreens costing $5,000 in direct materials and $6,000 in direct labour has been received. How much should be charged for job in total

Do the numbers suggest that trade credit should be extended : If your company requires a 20% Rate of Return on Investment for all proposals, do the numbers suggest that trade credit should be extended to these new customer

What discount rate are the npv of the two projects equal : What is the crossover rate for these two projects? In other words, at what discount rate are the NPVs of these two projects equal?

Find the amount allocated to cost of goods sold for july : A physical count of merchandise inventory on July 31 reveals that there are 49 units on hand. Find the amount allocated to cost of goods sold for July

What should do to ensure the maximum tax benefit : What should do to ensure the maximum tax benefit? Paul and Sonja, who are married, had itemized deductions of $12,930 and $4,225, respectively, during 2021

Compute the materials price variance for october : The ending direct materials inventory was 2,000 ounces. Direct labor-hours worked 5,600 hours at a cost of $67,200. Compute materials price variance for October

How much money could be saved each year in interest expense : If all freed up dollars would be used to pay down debt that has an interest rate of 8%, how much money could be saved each year in interest expense?

List and briefly explain the different types of errors : Question - List and briefly explain the different types of errors that are not revealed by the unadjusted trial balance. Give examples

User Account

All Pages

Find the amount allocated to cost of goods sold for july

Reference no: EM132983667

Reference no: EM132983667

Questions Cloud

Reviews

Write a Review

Managerial Accounting Questions & Answers

Manage budgets and financial plans

Prepare a retained earnings statement

Prepare a master budget for the three-month period

Construct the companys direct labor budget

Evaluate the predetermined overhead rate

Determine the company''s bid

Compute the pool rates for the different activities

Prepare Company financial statements

Prepare an analysis of terracycles

Discuss the ethical issues

Political resources in emerging markets

Management accounting - ehsan electronics company

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT