Find the inventory cost, Determine the inventory cost by

Find the inventory cost

Assignment Help Financial Accounting

Reference no: EM13168865

There are 16 units of the item in thephysical inventoryat December 31. The periodic inventory system is used.

Jan 1. Inventory 9 units at $360Feb 17. Purchase 18 units at $414July 21. Purchase 21 units at $468Nov. 23 Purchase 12 units at $495

a.Determine the inventory cost by the first-in, first-out method.

b.Determine the inventory cost by the last-in, first-out method.

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

Reference no: EM13168865

Questions Cloud

It is spontaneous- the dissolution of a teaspoon of sugar : For each of the following processes, decide whether it is spontaneous or non-spontaneous.

What is the amortization amount for each intangible asset : How would Vicki's assets be recorded for tax purposes by Palm Corporation and what is the amortization amount for each intangible asset in the current year?

Define international financial reporting standards : Evaluate and summarize the differences between International Financial Reporting Standards (IFRS) and U.S. Generally Accepted Accounting Principles

Sociological term coined by irving janis : What is the sociological term coined by Irving Janis for a limited understand ing of some issue resulting from group conformity?

Find the inventory cost : Determine the inventory cost by the first-in, first-out method and determine the inventory cost by the last-in, first-out method.

Explain a hofmann degradation of a primary amine : Draw the amine from the following: A Hofmann degradation of a primary amine forms an alkene that gives butanal

What is the partial pressure of each of the gases : A mixture of 6.00 g He and 22.0 g Ne has a pressure of 530. mm Hg. What is the partial pressure of each of the gases?

Find the concentration in a saturated ca : Find the concentration of Ca2+ and IO-3 in a saturated Ca(IO3)2 solution prepared by adding Ca(IO3)2 to a 0.015 M solution of KIO3

What volume of hydrogen gas would be produced : A piece of magnesium with a mass of .2 grams is added to 50mL of 1 molarity of HCL at a temperature of 28 degrees celcius. When the magnesium disolves the solution reache a temperature 46 degrees celcius.

User Account

All Pages