User Account

All Pages

How much is the ending inventory at cost

Assignment Help Accounting Basics
Reference no: EM132742026

Question - The records of Nuisance Co. show the following information

Inventory Beg 36,000

Purchases 320,000

Purchase Discounts 3,000

Freight In 18,000

Sales 454,000

Sales Return 2,000

Ending inventory at sales price is $78,000

Required - How much is the ending inventory at cost?

a. 54,600

b. 56400

c. 55,800

d. 58,500

Reference no: EM132742026

Questions Cloud

Perform a risk analysis on a small part of a business system : Perform a risk analysis on a small part of a business system and provide a list of possible controls. Provide the results in a report which discusses costings
Determine the allowed depreciation amounts : The Black Lotus Co. paid $250,000 for a second-hand cruise. This cruise is used for tourism purpose. It will generate $140,000 in revenue and incur $45,000.
What percentage of present antrim volume would retain : If Gary's system were not in Antrim's network, what percentage of his present Antrim volume would he retain? These issues and others are central
Differences between explicit and tacit knowledge : -Describe three ways in which organizations can do performance management for employees? List two pros and two cons for each measure you describe.
How much is the ending inventory at cost : The records of Nuisance Co. show the following information - Ending inventory at sales price is $78,000. How much is the ending inventory at cost
What firm profits would have increased by : If X Company had accepted the special order, firm profits would have increased by? During the year, X Company sold 61,900 units of one of its products
Risk assessment and core capabilities : Select two core capabilities from each of the five mission areas in the Threat and Hazard Identification and Risk Assessment Guide (THIRA).
Determine change in economic order quantity : If Burrito-King's demand for the potatoes is decreased by 20%, what will be the change in its economic order quantity?
What will the total amount credited to the capital account : Earnings for the period total $70,000. What will be the total amount credited to the Capital account of each partner

Reviews

Write a Review

Accounting Basics Questions & Answers

  How the reserve bank of australias decision to decrease

how the reserve bank of australias decision to decrease interest rates would affect the following business sectors

  What does information tell me about the companys performance

What does this information tell me about the company's performance? How did the company do in 2018 compared with other financial periods?

  Research sale of residence and medical expense deductions

Is there any chance that a part of the money they spent to buy the new home could be deductible as a medical expense; andwill they have any taxable gain

  Determine burrito pension expense for the year

The expected long-term return on plan assets is 8%. There were no other relevant data for the year. Determine Burrito pension expense for the year

  What will be the amount of accumulated depreciation

Peavey Enterprises purchased a depreciable asset for $23,000 on April 1, Year 1. The asset will be depreciated using the straight-line method.

  How much of the maintenance cost is made up

A clothing manufacturer incurred the following factory maintenance costs: 2,100 units produced, How much of maintenance cost is made up of fixed cost

  A company settles a long-term note payable plus interest by

1. a purchase of new equipment on a note payable under the direct method would be reported a. as a separate disclosure

  Determine the current ratio and working capital

Determine the current ratio and working capital. What does the composition of the current assets tell you about Indaba Company's liquidity?

  What was the form of financial statement fraud

Bristol - Myers Squibb Scandal in 2002. Give a brief overview of the company? What was the form of Financial Statement Fraud

  Calculate the operating income for manahan

Net cash provided by financing activities - $168,000. Calculate the operating income for Manahan Co. for the year ended December 31, 2016

  Discussing the tax treatment of Spence activities

Write a memo to your senior manager, Aaron McMullin, discussing the tax treatment of Spence's activities

  Calculate capital cost allowance for automobile transactions

How do Calculate the capital cost allowance for the automobile transactions of Tate Advertising in 2016 and 2018, Tate Advertising

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