User Account

All Pages

How much is niles cost of goods

Assignment Help Accounting Basics
Reference no: EM13512442

Assume Nile.com began April with 14 units of inventory that cost a total of $266. During April, Nile purchased and sold goods as follows:

Apr 8

Purchase

42 units @ $20

14

Sale

35 units @ $40

22

Purchase

28 units @ $22

27

Sale

42 units @ $40

Under the FIFO inventory method, how much is Nile's cost of goods sold for the sale on April 14?

a. $1,106

b. $686

c. $1,400

d. $700

Reference no: EM13512442

Questions Cloud

How long is the column of air : A standing wave in a column of air with both ends open has a frequency of 440 Hz. The next higher harmonic has a frequency of 700 Hz. How long is the column of air
What factors could contribute to the starting material peak : On the gas chromatography graph, 3 peaks will result along with the fourth peak being the starting material, which is suppose to be a small peak. What factors could contribute to the starting material peak to be very large
What is the frequency of the siren perceived by the observer : An ambulance is generating a siren sound at a frequency of 2,000 Hz. The velocity of sound is 345.0 m/s. what is the frequency of the siren perceived by the observer
Calculate her upward acceleration : An "extreme" pogo stick utilizes a spring whose uncompressed length is 34 cm and whose force constant is 1.2×104 N/m. Calculate her upward acceleration, in g's at that moment
How much is niles cost of goods : Assume Nile.com began April with 14 units of inventory that cost a total of $266. During April, Nile purchased and sold goods as - Under the FIFO inventory method, how much is Niles cost of goods sold for the sale on April 14?
Explain what is the uncertainty in its position : An electron traveling at 3.37 * 10^5 m/s has an uncertainty in its velocity of 8.99 * 10^4 m/s.  What is the uncertainty in its position
What is total shareholders equity at the end of 2011 : Purchased 3,000 shares of treasury stock at $10 (part of the 20,000 shares issued at $8). What is total shareholders' equity at the end of 2011?
What is the normal force exerted on the block : 2kg block located on an incline plane with an angle of 60 degrees. the Force is a horizontal force. What is the normal force exerted on the block
Compute each partners share : Compute each partners share of the $112,000 net income for the year - Allocating profits and losses to the partners

Reviews

Write a Review

Accounting Basics Questions & Answers

  Determine the total costs after allocating the service

salerno company has two service departments maintenance and cafeteria as well as two production departments mixing and

  Mike and sally interest deduction

Investment income and related expenses amt. to $7,000 and $500 respectively. What is Mike and Sally's interest deduction for the 2010 tax year?

  Amount of bond issue costs

During the year, Hamlet Inc. paid $23,000 to have bond certificates printed and engraved, paid $150,000 in legal fees, paid $18,000 to a CPA for registration information, and paid $260,000 to an underwriter as a commission. What is the amount of b..

  Market values and book values

Building an Income Statement, During the year, the Senbet Discount Tire Company had gross sales of $1.06 million. The firm's cost of goods sold and selling expenses were $525,000 and $215,000, respectively. Senbet alo had note payable of $800,000...

  Corporation issues a 1000000 three-year noninterest

corporation issues a 1000000 three-year noninterest bearing note how much cash will it receive if the interest rate is

  Determining audition and sampling

What are some ways that auditors can be sure that the sample sizes will be fair enough to provide a look at internal controls, yet comprehensive enough to detect any irregularities? Is there a way?

  Charitable contribution deduction for the current year

On October 1, Kingbird Corporation made a contribution to a qualified charitable organization of $6,300 in cash (not included in any of the above items). Determine Kingbird's charitable contribution deduction for the current year.

  Relation between the firm and auditor and investors bear

why would the relation between the firm and its auditor and investors bear a slight resemblance to the relationship between Saddam Hussein and the weapons inspectors from the United Nations in 2002 and 2003?

  Food to go delivery service disposed of one of their

food to go delivery service disposed of one of their delivery cars after using it for two years. the records of the

  Question the following calendar year information about the

question. the following calendar year information about the tahoma corporation is available on december 31advertising

  Cosgrove company manufactures two products product k-7 and

cosgrove company manufactures two products product k-7 and product l-15. product l-15 is of fairly recent origin having

  Eeffective-interest method

The present value of the note at 9% was $1,442,000 at January 1, 2010. What should be the balance of the Discount on Notes Payable account on the books of Leary at December 31, 2010 after adjusting entries are made, assuming that the effective-in..

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