Solution-How much is the cost of ending inventory for august

How much is the cost of ending inventory for august

Assignment Help Cost Accounting

Reference no: EM132763018

The following data about Maxwell Company is given for the month of August.

August 1 Inventory 800 units at P10

12 Purchase 1,000 units at P12

14 Purchase 500 units at P11.50

16 Issue 800 units

18 Purchase 600 units at P15

20 Issue 500 units

25 Purchase 400 units at P14

28 Issue 800 units

Problem 1: Using FIFO, How much is the total material cost available for use in production?

Problem 2: Using FIFO method of costing materials, how much is the cost of ending inventory for August?

Problem 3: Using FIFO, How much is the cost of materials issued or used for production?

Problem 4: using moving average, compute for Cost of ending inventory (use WAUC with 4 decimal places, but round off final answer for ending inventory to two decimal places)

Reference no: EM132763018

Questions Cloud

What are two tactics rob can use without leaving his job : Review "Resisting Requests to Act Unethically" in the textbook. What are two tactics Rob can use without leaving his job

Compute what is maximum deductible keogh contribution : Find What is her maximum deductible Keogh contribution for 2019? Puri is a self-employed Spanish teacher. Her earnings from self-employment before the Keogh

How much cash is expected to be collected : Month Total Sales January $15,000 February $16,000 March $18,000 April $14,000 On average, 50% of the total sales are cash sales which will be collected.

Explain what distinguishe current from long-term liability : What distinguishes a current liability from a long-term liability? Why is it so important to report these separately? How is this information used

How much is the cost of ending inventory for august : August 1 Inventory 800 units at P10. Using FIFO method of costing materials, how much is the cost of ending inventory for August?

What mcdognals forecasted cost of goods sold for next year : McDognals has sales of $100 million this year and a gross margin of 30%. Next year, sales are forecasted to grow 10% and the gross margin is forecasted.

Compute what amount of costs be capitalized be grover : Find What amount of these costs should be capitalized be Grover? Grover had to rearrange the assembly line and remove a wall to install the equipment.

What are the types of radiation : What are the types of radiation and the nuclear equations associated with each type

Correct conversion factor needed for calculation : The maximum single dosage of acetaminophen is 15.0 mg per 1.00 kg of body mass (weight).

User Account

All Pages

How much is the cost of ending inventory for august

Reference no: EM132763018

Reference no: EM132763018

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Cost accounting assignment

Prepare the journal entries

Advise as to the liability of all the parties

Prepare revenues budget

Effect of exchange rate changes on cash and cash

Corporate governance

Cost-benefit analysis

Non-annual interest rates and annuities

Job costing in service organizations

Accounting for bad debt expense

Accounting and partnership problems

Development of relevant cash flows

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT