What is the amount of ending inventory on december

Assignment Help Financial Accounting

Reference no: EM13132774

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: EM13132774

Questions Cloud

How a translation loss arises : Which of the following best explains how a translation loss arises when the temporal method of translation is used to translate the foreign currency financial statements of a foreign subsidiary?

Expected fourier series graphs : Determine the Fourier series for the function. Sketch both the expected Fourier series graphs using Mathcad to check solution.

Chemical compounds undergo each kind of chemical reaction : Do all chemical compounds undergo each type of chemical reaction,i.e. synthesis, decomposition, metathesis-precipitation, metathesis-neutralization, redox-single displacement, redox-combustion and can this information be useful to a criminal inves..

Nutritional analysis of the meal : Name the restaurant, and then write a nutritional analysis of the meal you have created. (Explain all of the nutrients found in the meal, like carbs, protein, fat, and some essential vitamins and minerals.)

What is the amount of ending inventory on december : 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?

Basics of division return on investment : Wares is a division of a major corp. The following data are for the latest year of operations: division's return on investment

Fourier mathcad : Sketch graphs using Mathcad for the following functions and state whether they are odd or even or neither

Okay to abbreviate long titles : Is it okay to abbreviate long titles, such as those of books or articles, in the title, body, and citations in MLA style? And is it okay in APA style? Is there a general style guide rule about this as well?

Fourier series for the function : Determine the fourier series for the function:- F(x) = 2x in the range -pi to pi and are periodic the the period 2pi. Sketch both the expected and fourier series graphs and use mathcad to check

User Account

All Pages