User Account

All Pages

Represents the time period

Assignment Help Business Management
Reference no: EM131639358

In the table below, Quarter 1 represents the time period from Jan 1, 2016 to March 31st 2016 and Quarter 2 represents the time period from April 1st 2016 to June 30 2016. It began its operations on Jan 1, 2016 with no inventory. Purchases and Sales for the first 2 quarters are shown below:

Quarter 1: Sales 26,000 cartons @ $37 a carton

5,000 cartons @ $12 in Jan

Purchases 10,000 cartons @ $16 in Feb

15,000 cartons @ $18 in March

Quarter 2: Sales 63,000 cartons @ $45 a carton

Purchases 16,000 cartons @ 20 in April

18,000 cartons @ 24 in May

26,000 cartons @ 30 in June

Calculate the Quarter 2 ending inventories ( in dollars) using the LIFO inventory method

Calculate Quarter 2 Gross Profit using LIFO method

Calculate Quarter 2 ending inventories ( in dollars) using the FIFO method

Calculate the Quarter 2 Gross Profit using the FIFO method

Reference no: EM131639358

Questions Cloud

Define antisepsis in preventing central venous : On the subject of preventing central venous catheter related infections how can I be more specific and include skin antisepsis in preventing central venous
What is the expected amount you win : More Pick 4. Just as with Pick 3, you can make more elaborate bets in Pick 4. In the $1 StraightBox (24-way) bet.
Define the pn calculates kerrys i&o for the shift : The PN calculates Kerry's I&O for the shift. Kerry has had 32 ounces of water, 12 ounces of apple juice, and three 4 ounce cartons of milk
What is the expected amount such a bet wins : The red and black slots are arranged on the table in three columns of 12 slots each. A $1 column bet wins $3 if the ball lands in one of the 12 slots.
Represents the time period : In the table below, Quarter 1 represents the time period from Jan 1, 2016 to March 31st 2016 and Quarter 2 represents the time period
Discuss mentoring and coaching as a leadership skill : Discuss mentoring and coaching as a leadership skill, how to assess the need for these services, and goals for providing this service
Long term value of the company stock price : In the best interest of shareholders, compensation packages should be structured in a way such that managers have an incentive to maximize the short-term
Analyze your given object of investigation : Knowledgeably employ terms and ideas in class materials and apply them to given topic. Skillfully and specifically analyze your given object of investigation.
Explain the public health programs : Tversky asked subjects to choose between two public health programs that affect 600 people. One has probability 1/2 of saving all 600 and probability 1/2.

Reviews

Write a Review

Business Management Questions & Answers

  Number of components beginning with a performance-focused

Effective performance management has a number of components beginning with a performance-focused organizational culture. Describe a performance-focused culture and its relationship with employee training and development.

  Learning style preferences

training program designed around one of the learning style preferences in the Felder-Silverman model, which learning style preference would you choose?

  Describe the concept of third sector innovation

Describe the concept of ‘Third Sector' innovation and reflect on the motive of non-profit entrepreneurial organizations to service these social needs.

  Ethics-morality-virtues and values

What are examples of virtues, values, and moral concepts? How do each of these relate to one another? In what ways are they separate and in what ways are they connected?

  Personal prediction for the future performance of the firm

Write a three to five-page analysis of the company including future turbulence, each aspect of the firm, the gaps, and your personal prediction for the future.

  Discuss the two types of trade flow that underlie the growth

BLB00005-5 International Business Assignment. The data shown below reflect the growth of world merchandise trade (exports) for the period 1870-2007. Critically analyse the facts

  What are the various methods to account for investments

What are the various methods to account for investments? when is each appropriate? Explain how each method affects the company's balance sheet and income statement and the appropriate used for each method.

  Consumer patternsplease help me discuss how we can work on

consumer patternsplease help me discuss how we can work on getting better statistical data that will show us the

  Training volunteers vs employeesif you created an

training volunteers vs. employeesif you created an organization that allowed you to have employees and volunteers would

  What in absolute terms is the per unit inventory cost

A manufacturing company producing medical devices reported $60,000,000 in sales over the last year. - What-in absolute terms-is the per unit inventory cost for a product that costs $1,000?

  Calculate the present value of net benefits

a. Calculate the present value of net benefits assuming that the benefits are realized at the end of each of the three years.

  How does one ensure ones self-interest

How does one ensure one's self-interest when one has to compromise with another to achieve the goal? David Gauthier proposes that it is possible, offering the Prisoner's Dilemma as an example.

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