User Account

All Pages

Find the value of the inventory at the end of the month

Assignment Help Accounting Basics
Reference no: EM133045853

Question - The information below reflects all the inventory transactions for one month.

July 01 - Balance 190 units @ $10 each

July 10- Purchased 380 units @ $9 each

July 17- Sold 285 units for $20 each

July 22- Purchased 190 units @ $8 each

July 30- Sold 325 units for $20 each

Required - Find the value of the inventory at the end of the month?

Reference no: EM133045853

Questions Cloud

What is the present value : What is the present value of a 5-year ordinary annuity of $4,000 per year plus an additional $1,500 at the end of Year 5 if the interest rate is 7%
What amount reported as unappropriated retained earnings : The net income for 2019 was P2,500,000. What amount should be reported as Unappropriated retained earnings on December 31, 2013? Show solution
What the weighted average cost of capital for finance ltd : Finance Ltd has the following capital structure: Ordinary Equity ($1 shares) - market value $500,000. What the weighted average cost of capital for Finance Ltd
What are llc : What are LLC's? Why are so many new businesses choosing a limited liability company (LLC) form of ownership
Find the value of the inventory at the end of the month : Question - The information below reflects all the inventory transactions for one month. Find the value of the inventory at the end of the month
What is the amount of an adjustment : The physical inventory count found only 190 items. What is the amount of an adjustment, if any, that must be made to the value of the inventory at year-end
What percentage of the total voting rights do you? hold : If you own 14% of the Class A shares and 23% of the Class B? shares, what percentage of the total voting rights do you? hold
What is the initial investment outlay : The building could be sold for $4 million after taxes and real estate commissions. What is the initial investment outlay (t=0)
Calculate the company growth rate in future earnings : Hawk Co. retains 30% of its earnings each year for reinvestment and earns a 12% rate of return on these funds. Calculate company growth rate in future earnings

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much total cash will j eventually pay

On 12-31-14 J entered into an agreement requiring J to pay $2,000 starting 12-31-16 and ending on 12-31-27. How much total cash will J eventually pay

  Briefly explain the costs that should be included

Briefly explain the costs that should be included when management decide on the capital investment required in year 0

  What is the MIRR of the project

You are considering a new project that has an initial capital outlay (today) of $100. What is the MIRR of the project

  Calculate the ending capital balances for Shawn and Dan

Shawn invests $125,000 cash and $70,000 Equipment to form partnership of NH CableSource. Calculate the ending capital balances for Shawn and Dan

  Conflict between need for personal privacy-confidentiality

Discuss the conflict between the need for personal privacy and confidentiality in banking transactions and the need for the government to curtail money laundering activities.

  Prepare journal entry to record income taxes for the year

The current year's income tax liability from the tax return is $800,000. Prepare the journal entry to record income taxes for the year

  Balance statement principles applied to personal finances

How and why are balance statement principles applied to personal finances? You own words please 100-250 words

  What were flotation costs as a fraction of funds raised

Moonscape has just completed an initial public offering. The firm sold 3 million shares at an offer price of $10 per share. What were flotation costs

  Present the journal entries to record the cash receipt

Present the journal entries on May 31 to record (a) the cash receipt from the deficient partner(s) and (b) the final disbursement of cash to the partners

  What is amount of cash collections that sweetson will report

What is the amount of cash collections that Sweetson will report in the Operating Activities category of its 2017 statement of cash flows

  Recommendations to improve the financial status

Write a 1750- to 2,050-word paper in APA format with citations and references that provides a financial comparison of the two companies and your recommendations to improve the financial status of each.

  Compute how much should be recorded as cost of the land

Compute How much should be recorded as the cost of the land? February 1, 2018, Salisbury Company purchased land for the future factory location

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