What is shakira cost of goods sold using lifo

Assignment Help Accounting Basics
Reference no: EM133132643

Question - Shakira Companies inventory of widgets is as follows:

Beginning inventory 10 widgets at $50 each

March 4 purchased 6 widgets at 55 each

March 12 sold 8 widgets at 100 each

March 20 purchased 9 widgets at 60 each

March 27 sold 7 widgets at 105 each

March 30 purchased 4 widgets at 65 each

Required - What is Shakira's cost of goods sold using LIFO perpetual method?

Reference no: EM133132643

Questions Cloud

Explain how body receives and circulates oxygen : Explain how the body receives and circulates oxygen. Identify one disease process that interrupts this exchange or circulation of oxygen.
Human trafficking violence within community and globally : How do culture, politics, geography, and economics play roles in human trafficking violence within a community and globally?
How much was invested by z : If X and Y share profit in a proportion of 3:1, respectively, and Y's capital balance after Z's investment is P589,750, how much was invested by Z
Organizational missions and legislative agendas : Compare and contrast their legislative agendas. Synthesize the connections between organizational missions and legislative agendas.
What is shakira cost of goods sold using lifo : Shakira Companies inventory of widgets is as follows: March 27 sold 7 widgets at 105 each. What is Shakira cost of goods sold using LIFO
Critique global outsourcing in healthcare delivery : Critique global outsourcing in healthcare delivery from a personal perspective. Describe the example of global outsourcing in the organization.
Significances of the voyages of columbus : What were the significances of the voyages of Columbus, da Gama, and Magellan?
Commodity terms of trade for japan : US. would be M and the commodity terms of trade for Japan would be 4. In this case japan would be the small country because they don't have any effect on world
Improve nursing practice and patient outcomes fiscally : How does enhanced knowledge help to improve nursing practice and patient outcomes fiscally?

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the monthly payment

That is, the stated interest agreed on the loan) of the loan is 3.2% per year, what is the monthly payment if you're intended to have the loan for 6 years

  Describe some methods that Babu and Hari could use

Describe some methods that Babu and Hari could use to learn more about the potential customers, competitors and business locations

  Prepare the journal entries

ABC has purchased inventory on credit for $445,000. Assume ABC uses a periodic inventory system. Prepare the journal entry/entries

  Record adjusting journal entries for each of the following

Record adjusting journal entries for each of the following. Assume no other adjusting entries are made during the year.

  What is the expected return

Given that it has a beta of 1.5, the current market return is 7.43%, and the risk free rate is 1.77%. What is the expected return in %

  Determine the fair value of the leased asset

Lease payments inception (at the start) $60,000 Annual payments (5) $65,000 Implied rate 11.0 %. Determine the Fair Value of the leased asset

  Calculate the annual cash flows over the expected life

Based on the above information calculate the following items for this proposed equipment purchase: Annual cash flows over the expected life of the equipment

  Comment on michael and susan approaches

Comment on Michael and Susan approaches

  What is the approximate bank balance

The account pays 5% annual interest through 12/31/17, and 10% thereafter. What is the approximate bank balance on 1/1/20

  Prepare a npv analysis of each proposed contract option

Problem - Capital Budgeting; Contract Evaluation, Prepare a NPV analysis of each proposed contract option using a 10% required rate of return

  Calculate the firm weighted average cost of capital

Calculate the firm's weighted average cost of capital. Explain how the firm can use this cost in the investment decision-making process

  Why does a company perform ratio analysis what are the

why does a company perform ratio analysis? what are the turnover ratios? describe the formula for one turnover ratio

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