User Account

All Pages

How much is the raw materials inventory of cellular phones

Assignment Help Financial Accounting
Reference no: EM132995727

ABC Company manufactures boats. During September, 2020, the company purchased 100 cellular phones at a cost of P100 each. Isaac withdrew 70 phones from the warehouse during the month. Twenty of these phones were installed in salespersons' cars and the remaining 50 phones were put in boats manufactured during the month. Of the boats put into production during September, 2020, 80% were completed and transferred to the company's storage lot. Fifty percent of the boats completed during the month were sold by September 30.

Question 1: Compute for the Cost of goods sold

Question 2: compute the selling expenses

Question 3: Compute how much is the finished goods inventory of cellular phones

Question 4: Compute how much is the work in process inventory of cellular phones

Question 5: Compute how much is the raw materials inventory of cellular phones

Reference no: EM132995727

Questions Cloud

How used to establish whether business is running at profit : How can these be used to establish whether the business is running at a profit? Explain the difference between gross profit margin and net profit margin.
Discuss the professional standards pertaining to the tax : Discuss the professional standards pertaining to the tax preparation, audit and forensic services. Additionally, analyze the CPA's duties to Yellow King
Determine net realizable value of the accounts receivable : Is the Allowance Method of accounting for doubtful debt better compared to the direct write-off method? Determine the net realizable value of the accounts
How much is share premium arising from the issuance : How much is Share Premium arising from the issuance from conversion of bonds? On January 1, 2020, Joy Company issued 8,000 P1,000 convertible bonds
How much is the raw materials inventory of cellular phones : How much is the raw materials inventory of cellular phones. During September, 2020, the company purchased 100 cellular phones at a cost of P100 each.
Post transactions in t accounts and get the ending balances : Post transactions in T Accounts and get the ending balances. Cash in the amount of P18,350 was received for plumbing services rendered.
Compute earnings per share data as should appear : Current Attempt in Progress, Compute earnings per share data as it should appear in the 2020 income statement of Nash Corporation.
Prepare an income statement for the year for windsor corp : Analyze the above information and prepare an income statement for the year 2020, starting with income from continuing operations before income tax.
How much was the amount paid by the company on september : How much was the amount paid by the company on September 30? A company uses a periodic inventory system. On September 10, the company purchased.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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