User Account

All Pages

Find the value of the ending inventory on June

Assignment Help Accounting Basics
Reference no: EM132547173

Question - Luke Emm Company just starting business made the following four inventory purchases in June:

June 1 June 10 June 15 June 28 Total

150units 200 units 200 units 150 units

P390 P585 P630 P495 P2,100

A physical count of merchandise inventory on June 30 reveals that there are 200 units on hand.

Required - Using the LIFO inventory method, the value of the ending inventory on June 30 would be?

a. 536

b. 653

c. 1,447

d. 1,564

Reference no: EM132547173

Questions Cloud

Describe and present a communicable disease model : Describe and present a communicable disease model based on a disease outbreak of your choice. Discuss the legalization of Marijuana and its implications.
Advantages of gmo in the food industry : What are a few example of the advantages of GMO's in the food industry?
What is the value of the real option associated with project : Koor, Cni. is making an investment of $1,000,000, which will earn future cash.What is the value of the real options associated with this project?
Processes that occur when someone touches a hot pan : Explain the processes that occur when someone touches a hot pan, including types of neurone and their locations.
Find the value of the ending inventory on June : A physical count of merchandise inventory on June 30 reveals that there are 200 units on hand. The value of the ending inventory on June 30 would be
Which area has the most health problems : Which area, rural or urban, has the most health problems? Why? Identify four common health problems found in that selected area.
What is Krissy realized gain or loss : What is Krissy's realized gain/loss? Will she recognize any of that gain/loss? What is Manny's realized gain/loss? Will he recognize any of that loss
Explain the possible pathways a water molecule : Explain the possible pathways a water molecule can take as it makes its way through the water cycle
Should b-b repeat the coloring process or sell the carpet : Apartments is willing to buy the carpet in its current faded condition for $13 per yard. Should B&B repeat coloring process or sell the carpet to Ace Apartment

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