How much is blm cost of goods sold for the sale on may

Assignment Help Managerial Accounting
Reference no: EM132979248

Question 1: Assume blm. Inc, began may with 95 units of inventory that cost a total of $950. during may, blm, Inc, purchased and sold goods as follows: may 6 purchased 110 units at $ 11 each, may 15 sold 135 units at $27 each, may 22 purchased 145 units @ $ 12, and may 30 sold 80 units @ $26 each. Blm Inc, uses perpetual inventory. under the FIFO inventory method, how much is Blms cost of goods sold for the sale on may 15?

Reference no: EM132979248

Questions Cloud

How would the present value change : How would the present value change if the $600,000 is to be received at the end of 15 years instead? If you can explain the impact
What is the expected return and standard deviation : What is the expected return and standard deviation of a portfolio of 30 shares of Stock A, 30 shares of Stock B and 20 shares of Stock C
How much is jetson company total stock holders equity : How much is Jetson Company's total stock holders equity? Jetson company has 17,000 shares of $ 5 par common stock outstanding.
How much is the ending work in process cost : A machine malfunction or an improper blending of batch of paint usually causes spoilage. How much is the ending work in process cost
How much is blm cost of goods sold for the sale on may : Blm Inc, uses perpetual inventory. under the FIFO inventory method, how much is Blms cost of goods sold for the sale on may 15?
Find how much is hpc cost of inventory on hand : Hoc Inc uses perpetual inventory. under the LIFO inventory method, how much is HPC's cost of inventory on hand after the sale on September 30?
How much would MP receive : Under a cash priority program how much would MP receive based on P800,000 cash balance after initial sale of non-cash assets
What does legislation such as sarbanes-oxley say about : What does legislation such as Sarbanes-Oxley say about this? Is it possible? A recent survey of large corporations' CEOs and CFOs found
How does error affect cost of goods sold and net income : At December 31, 2017, island equipment understated ending inventory by $ 2,500. How does this error affect cost of goods sold and net income 2017?

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd