User Account

All Pages

Stallman company took a physical inventory on december 31

Assignment Help Accounting Basics
Reference no: EM13611743

Stallman Company took a physical inventory on December 31 and determined that goods costing $283,330 were on hand. Not included in the physical count were $26,040 of goods purchased from Pelzer Corporation, f.o.b. shipping point, and $22,640 of goods sold to Alvarez Company for $33,230, f.o.b. destination. Both the Pelzer purchase and the Alvarez sale were in transit at year-end. What amount should Stallman report as its December 31 inventory?

Reference no: EM13611743

Questions Cloud

Before prorating the manufacturing overhead costs at the : before prorating the manufacturing overhead costs at the end of 2008 the cost of goods sold and finished goods
A survey is to be made of the prevalence of the common : a survey is to be made of the prevalence of the common disease in a large population. for any disease that affects
If 2400 square centimeters of material is available to make : 1 a fence 2 feet tall runs parallel to a tall building at a distance of 7 feet from the building. what is the length of
Clculate work per unit mass by incorporating an ideal : you are to design an air compressor with an inlet pressure of 100 kpa an inlet temperature of 300 k and anexit pressure
Stallman company took a physical inventory on december 31 : stallman company took a physical inventory on december 31 and determined that goods costing 283330 were on hand. not
Assuming that the flash lasts for 67 ms find the effective : the electronic flash attachment for a camera contains a capacitor for storing the energy used to produce the flash. in
During the year leyland company completed 1300 units of : during the year leyland company completed 1300 units of product. ending inventory consisted of 400 units that were 50
Draw a quantitatively accurate space time diagram of this : an alien spaceship traveling at a constant velocity of 13 in the x direction passes the earth call this event a at time
The total mass of the car and its water fuel will be 5 kg : suppose that you are designing a toy car that will be propelled by water that squirts from an internal tank at 3 ms

Reviews

Write a Review

Accounting Basics Questions & Answers

  A sales forecast supplied by the marketing department

facts the observer company is a small rapidly growing wholesaler of consumer electronic products including small

  Dec 31 recorded depreciation on the remaining truck it has

the following transactions adjusting entries and closing entries were completed by king furniture co. during a

  Find dividends to the owners during 2010

Garcia Company began 2010 with net assets of $80,000. Net income calculated by using the capital maintenance concept was $21,000. During 2010 owners contributed $26,000 of new capital. By year-end, the net assets totaled $78,000. Dividends to the own..

  A company has the choice of either selling 600 defective

a company has the choice of either selling 600 defective units as scrap or rebuilding them. the company could sell the

  The per-unit standards for direct materials are 2 pounds

the per-unit standards for direct materials are 2 pounds at 5 per pound. last month 11200 pounds of direct materials

  In a certain store the profit is 320 of the cost if the

in a certain store the profit is 320 of the cost. if the cost increases by 25 but the selling price remains constant

  Assuming a market price per share of 238 for the preferred

assuming a market price per share of 238 for the preferred stock and 19 for the common stock calculate the average

  Adjusting entry to accrue wages payable

At the end of the current year, the accountant for Navistar Graphics forgot to make an adjusting entry to accrue Wages payable to the company's employees for the last week in December.

  On november 1 2013 ziegler products issued a 200000 9-month

on november 1 2013 ziegler products issued a 200000 9-month noninterest-bearing note to the bank. interest was

  At the end of the current year accounts receivable has a

at the end of the current year accounts receivable has a balance of 1400000 allowance for doubtful accounts has a debit

  Violation of the professions ethical standards

A violation of the profession's ethical standards would most likely have occurred when a CPA:

  Compute the largest tax deduction possible

Compute the largest tax deduction possible in 2010 for the equipment (consider the Section 179 election, Bonus Depreciation, and MACRS):

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