Using fifo what is the value of the ending inventory

Assignment Help Financial Accounting
Reference no: EM13133124

a firm that sells a single product had a beginning inventory of 4000 units with a total cost of 28,000. early in the year, 10000 units were purchased at $9 each, using FIFO what is the value of the ending inventory of 3000 units?

Reference no: EM13133124

Questions Cloud

Find probability that student selected is a sophomore : Given that the student selected is a social science major, what is the probability that she is also a sophomore? Write your responses as fractions.
How much work has been done : A piston has an external pressure of 14.0 torr. How much work has been done if the cylinder goes from a volume of 0.130 liters to 0.530 liters.
Question regarding vectors : Suppose A(3,-1,0) and B(-4,-2,3) are 2 points in 3-space. Find a vector with the following three characteristics: initial point at the origin, collinear but in the opposite direction of vector AB , length 3
Analyze the impact to cpas : Analyze the impact to CPAs who practice within a very litigious environment in the U.S. Suggest what you believe to be the most effective way for CPAs to protect themselves from liability.
Using fifo what is the value of the ending inventory : a firm that sells a single product had a beginning inventory of 4000 units with a total cost of 28,000. early in the year, 10000 units were purchased at $9 each, using FIFO what is the value of the ending inventory of 3000 units?
Information about stokes theorem : Given the vector field F=3yi + (5-2x)j + ((z^2)-2)k find the surface integral of the normal component of curl F over the open hemispherical surface (x^2)+(y^2)+(z^2)=4 above the xy plane
Calculate the current number of shares and the market value : The current price of the stock is $12. Calculate the current number of shares and the market vlue of your investment
Inventory account problem : Paul and Ray agree that some of the inventory is obsolete. The inventory account is decreased before Janet is admitted. Janet invests $190,000 for a one-fourth interest.
How many photons strike the leaf every second : A green leaf has a surface area of 2.10 cm^2. If solar radiation is 1150 W/m^2, how many photons strike the leaf every second? Assume three significant figures and an average wavelength of 504 nm for solar radiation.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Calculation of cost per equivalent unit for materials

Calculation of cost per equivalent unit for materials - The company wishes to have 10% of the next month's sales on hand at the end of each month.  Budgeted production for November is?

  Evaluating the special sales order from lawnpro

Identification of relevant costs - Identify all the relevant costs that HMI should consider in evaluating the special sales order from LawnPro

  Evaluate annual depreciation for the first and second years

Evaluate annual depreciation for the first and second years using the straight-line method

  Preapare big r acquisition/payment business process model

one check will be used to pay for several purchases. Preapare Big R's acquisition/payment business process model.

  Which of the following is a current liability

Which of the following is a current liability and Which of the following is true about accounts payable

  Determine equivalent units in process for direct materials

Determine equivalent units in process for direct materials and conversion costs, assuming there was no beginning inventory. Show all of your work.

  Consolidated basic and diluted earnings per share

Evaluate the amount of consolidated basic and diluted earnings per share for Peppercorn and Salt Corporations.

  Find how many shares are outstanding

Sommerville, Corporation repurchased 25,000 shares. Find how many shares are outstanding?

  Questions on accounts receivables

Questions on accounts receivables and capital expenditure and When the effective interest method is used to amortize bond premium or discount and question related to trading securities

  Illustrate what is the company total tax liability

Illustrate what is the company's total tax liability to both jurisdictions for each of the two alternative transfer pricing scenarios?

  Merchandise inventory purchase

Journal entries for paid balance due on the Merchandise Inventory purchase

  The current assets of most companies

Descriptive Questions-Basic Accounting Principle like Advance payments from customers for future services and the current assets of most companies.

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