Solution-What is the amount of ending inventory on december

What is the amount of ending inventory on december 31

Assignment Help Cost Accounting

Reference no: EM13497401

A company purchased 100 units for $20 each on January 31. It purchased 100 units for $30 on February 28. It sold 150 units for $45 each from March 1 through December 31.

If the company uses the Last-In, First-Out inventory costing method, what is the amount of ending inventory on December 31

Reference no: EM13497401

Questions Cloud

What is the maximum current in the primary coil : A transformer with 340 turns in its primary coil and 30 turns in its secondary coil is designed to deliver an average power of 1390 W with a maximum voltage of 67 V

What is the average power drawn from the source of emf : A circuit contains a 150-O resistor, a 0.0570-H inductor, a 0.420-µF capacitor, and a source of time-varying emf connected in series. What is the average power drawn from the source of emf

Describe the meaning and the components : You were recently hired as management director of the new I Can Business Incorporated (ICBI). You have been asked to establish policies and systems for the business. The first one you choose to work on is a financial reporting system.

What is the distance between the crystal planes : Electromagnetic waves of wavelength 0.178 fall on a crystal surface. What is the distance between the crystal planes

What is the amount of ending inventory on december 31 : A company purchased 100 units for $20 each on January 31. It purchased 100 units for $30 on February 28. It sold 150 units for $45 each from March 1 through December 31.

What is the angle of the bright spot farthest from center : Light of wavelength 631 passes through a diffraction grating having 485. What is the angle of the bright spot farthest from the center

Determine the average induced emf in the loop : Consider a rectangular loop of wire 6.3 cm by 8.2 cm in a uniform magnetic field of magnitude 1.7 T. What is the average induced emf in the loop

Determine the selling price of the equipment sold : Why are noncash transactions, such as the exchange of common stock a building, included on a statement of cash flows? How are these noncash transactions disclosed?

Find the magnitude of induced current in the second coil : The mutual inductance between two coils is .0100H. The current in the first coil changes uniformly from 2.70 A to 5.0 A in .160 sec. find the magnitude of induced current in the second coil

User Account

All Pages

What is the amount of ending inventory on december 31

Reference no: EM13497401

Reference no: EM13497401

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Cost accounting assignment

Prepare the journal entries

Advise as to the liability of all the parties

Prepare revenues budget

Effect of exchange rate changes on cash and cash

Corporate governance

Cost-benefit analysis

Non-annual interest rates and annuities

Job costing in service organizations

Accounting for bad debt expense

Accounting and partnership problems

Development of relevant cash flows

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT