Odaniel company had beginning inventory on may 1 of 12000

Assignment Help Accounting Basics

Reference no: EM13592328

O'Daniel Company had beginning inventory on May 1 of $12,000. During the month, the company made purchases of $40,000 but returned $2,000 of goods because they were defective. At the end of the month, the inventory on hand was valued at $15,500. Calculate cost of goods available for sale and cost of goods sold for the month.

Reference no: EM13592328

Questions Cloud

Two men on the same side of a tall building notice the : two men on the same side of a tall building notice the angle of elevation to the top of the building to be 30 deg and

Brewer company is considering purchasing a machine that : brewer company is considering purchasing a machine that would cost 464610 and have a useful life of 7 years. the

He then turns 90deg and walks 34 miles in the direction n : a man wandering in the desert walks 2.6 miles in the direction s 35degw. he then turns 90deg and walks 3.4 miles in

Cardwell corporation manufactures a variety of products : cardwell corporation manufactures a variety of products. last year the companys variable costing net operating income

Odaniel company had beginning inventory on may 1 of 12000 : odaniel company had beginning inventory on may 1 of 12000. during the month the company made purchases of 40000 but

In december one of the processing departments at : in december one of the processing departments at pomainville corporation had beginning work in process inventory of

At the point of 210 m down street the top of the bilding : a building is located at the end of street that is inclined at an angle of 8 degree with the horizontal. at the point

Joe ringworth factory supervisor at winger enterprises had : joe ringworth factory supervisor at winger enterprises had been attending night classes to earn a degree in business.

How is the factory overhead account used in cost accounting : how is the factory overhead account used in cost accounting? explain the flow of entries both in and out of the account

Reviews

Write a Review

Required(*) Message

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?

Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

Accounting problems

Accounting problems, Draw a detailed timeline incorporating the dividends, calculate the exact Payback Period b) the discounted Payback Period. the IRR, the NPV, the Profitability Index.

Theory of interest - term structure of interest rates

Term Structure of Interest Rates

Write a report on internal controls

Write a report on Internal Controls

Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

Liquidity and profitability

Distinguish between liquidity and profitability.

What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

Capm and venture capital

CAPM and Venture Capital

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

User Account

All Pages