Make a periodic inventory system

Assignment Help Accounting Basics
Reference no: EM132623752

Question - The following information is available for Yancey Company

Beginning inventory 600 units at $4 First purchase 900 units for $6 Second purchase 500 units for $7.20

Assume that Waldrip uses a periodic inventory system and that there are 700 units left at the end of the month.

Make a periodic inventory system.

Reference no: EM132623752

Questions Cloud

Explain what would expect to happen to profits : Under normal conditions in a business, if sales or revenues are steadily increasing period to period, what would you expect to happen to profits?
Evolution of constitution in terms of equal rights : Discuss and analyze the historical evolution of the Constitution in terms of equal rights.
Prepare the necessary journal entries to record transactions : Prepare the necessary journal entries to record the following transactions, assuming Dakin Company uses a perpetual inventory system
Identify and discuss the current health system in nigeria : Health, Economic Status and Poverty: Discuss the economic indicators related to Nigeria such as income per person, Gross Domestic Product (GDP).
Make a periodic inventory system : Assume that Waldrip uses a periodic inventory system and that there are 700 units left at the end of the month. Make a periodic inventory system
Define how ebp might impact the quadruple aim in healthcare : Healthcare organizations continually seek to optimize healthcare performance. For years, this approach was a three-pronged one known as the Triple Aim.
Discuss how Central Bank of Kenya influences availability : Discuss how Central Bank of Kenya influences the availability of funds available for investment in Kenya. Cite possible examples
How are microbes used positively in the food industry : This discussion has focused upon foodborne diseases. Let's change direction for a moment. How are microbes used positively in the food industry?
Prepare journal entries that Hinds Company made to record : Both companies use a perpetual inventory system. Prepare the journal entries that Hinds Company made to record 1) the sale of merchandise

Reviews

Write a Review

Accounting Basics Questions & Answers

  At what amount should the land be recorded

Donner Company is selling a piece of land adjacent to its business premises. An appraisal reported the market value of the land to be $220,000.

  The management of oak creek stadium

After receiving 21 different setups, the management of Oak Creek Stadium has decided on the attached ER diagram and instance tables for the development of a database to keep track of its operations. Your team has been contracted to implement the d..

  How much fixed cost did carla janes and associates incur

A total of 550 direct labor hours was required for the production of the mirrors. Direct labor is variable and costs $10 per hour

  John thomas has recently entered into an agreement with

john thomas has recently entered into an agreement with longma inc. under this agreement john will sell its products

  Describe the programmed input validation checks

Describe the programmed input validation checks that you find that prevent or detect the incorrect data input.

  A sinking fund is an account managed by a bond trustee for

nbsp1.green leaf nursery has ebit of 250000 interest of 30000 taxes of 50000 and depreciation of 80000. what is the

  Clearly explain why they are generally false

Write a paper identifying and defining the six arguments for imposing trade restrictions and import tariffs. Explain why they are generally false.

  Make Flints December adjusting entry

Flint Corporation issued $540,000 of 7% bonds on November 1, 2017, for $580,171. Make Flint's December 31, 2017, adjusting entry

  Deng company issued 566000 of 5-year 8 bonds at 97 on

deng company issued 566000 of 5-year 8 bonds at 97 on january 1 2011. the bonds pay interest twice a year.prepare the

  Relationship between capacity utilization and quality

What is the relationship between capacity utilization and quality in a service operation

  Find total accumulated long-service leave benefit at June

At 30 June 2019 the provision for long-service leave was $12,000. Find the total accumulated long-service leave benefit as at 30 June 2020

  Define what is the contribution margin

The company produced 9544 units and sold 3877 units for $638 each. Variable manufacturing costs were 108 per unit. Fixed manufacturing costs were $9371

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd