Inventory costing and periodic

Reference no: EM13759793

Inventory Costing and Periodic and Perpetual inventory Systems

Redster Company is a manufacturing firm. Presented below is information concerning one of its products, called Ander.

Using an Excel spreadsheet, compute the cost of goods sold under the following situations:

Date	Transaction	Quantity	Price/Cost
1/1	Beginning inventory	2,900	$10
2/12	Purchase	3,300	$15
3/2	Sale	2,400	$28
4/18	Purchase	4,500	$18
5/31	Sale	3,800	$30

Periodic system, FIFO cost flow
Perpetual system, FIFO cost flow
Periodic system, LIFO cost flow
Perpetual system, LIFO cost flow
Periodic system, weighted-average cost flow
Perpetual system, moving-average cost flow

Reference no: EM13759793

Questions Cloud

Lacking in nutrients : Determine the nutritional status of this older adult; does this person meet the dietary requirements each day or are they lacking in nutrients.

Language challenges when seeking potential overseas supplier : Describe how organizations can overcome the geographic, cultural, and language challenges when seeking potential overseas suppliers. Give specific examples. Decide how organizations can instill the same ethical standards in overseas suppliers, especi..

Discusses what professional organizations you might join : Prepare a minimum 2 full-page paper (not including the title page, abstract, or references) that discusses what professional organizations you might join, and websites you might visit, that would provide insight into a career that includes respons..

Cost associated with patenting a product : There is a cost associated with patenting a product, and some companies produce more than one new product in a month. The products might have a short life (6 months to two years). Products with short life cycles normally are simple and easy to copy.

Inventory costing and periodic : Redster Company is a manufacturing firm. Presented below is information concerning one of its products, called Ander. Using an Excel spreadsheet, compute the cost of goods sold under the following situations:

What is scientific management-corporate responsibility : Briefly discusses the four levels of corporate responsibility using Carroll's Global Corporate Social Responsibility pyramid. What is Scientific Management? Write the four principle of Scientific Management. What do you mean by stakeholders and expla..

Process a weighted undirected graph : Set up and print the adjacency matrix representation of the Graph.

Cooperating them in the regression analysis : What other factors beside price might be included in this equations ? Do you foresee any difficulties in obtaining thees additional data or in cooperating them in the regression analysis?

What might salary surveys have to do with pay discrimination : What might salary surveys have to do with pay discrimination? What can we do to avoid this problem? (This question relates to external surveys - not employee surveys.)

User Account

All Pages