User Account

All Pages

What is the correct cost of goods available for sale

Assignment Help Accounting Basics
Reference no: EM132839589

Question - Stargazer Co. have two items that are under evaluation for possible year-end adjustments. (1) Purchase with supplier invoice dated Dec. 30, 2020 - P120,000. This was shipped FOB shipping point, freight prepaid. Freight costs P5,000. The purchase was recorded but the freight was not. (2) A purchase return of P20,000 was made but not recorded. If the correct ending inventory is P200,000 and the cost of goods sold before adjustments is P5,000,000, what is the correct cost of goods available for sale?

Reference no: EM132839589

Questions Cloud

Create an activity that demonstrates the oral language : Create an activity that demonstrates the oral language or listening enhancing feature of the literature selection. Consider diverse learners. You will use this.
Who has the final responsibility for positions taken : She pays alimony to her former husband. Who has the final responsibility for positions taken with respect to the controversial matters on the tax return?
What is the value on November : What is the value on November 8, 2000 of making quarterly payments of $260 over 11 years if the first payment is on February 8, 2009
Customer responsiveness and innovation : How do these resources enable Southwest to improve one or more of the following: ef-ficiency, quality, customer responsiveness and innovation?
What is the correct cost of goods available for sale : Purchase with supplier invoice dated Dec. 30, 2020 - P120,000. This was shipped FOB shipping point, freight prepaid. What is the correct cost of goods available
How increasing demands of customers affect any industry : The world is evolving every day, and this evolution is pretty fast-paced. It is a universal fact that changes come along with new scopes and challenges.
What interest rate would you earn : Suppose the U.S. Treasury offers to sell you a bond for $900.00. What interest rate would you earn if you bought this bond at the offer price
Give a budgeted income statement for September : Fixed depreciation will remain the same, but fixed administrative costs will increase by 5 percent beginning September 1. Give a budgeted income statement
How the various sociological perspectives view the problem : Select a social problem such as drug abuse, suicide, homelessness, bullying or racism and discuss how the various sociological perspectives view the problem.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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