User Account

All Pages

What is the cost of goods available for sale

Assignment Help Financial Accounting
Reference no: EM132899662

Question - On March 1, Miles Ltd. had $16418 in inventory. During the month, the company purchased inventory worth $185253. An inventory count on March 31 revealed inventory on hand of $23507. Assuming Miles uses a periodic inventory system, what is the cost of goods available for sale for the month of March?

a. $225178

b. $16418

c. $201671

d. $178164

Reference no: EM132899662

Questions Cloud

What is the initial cost of the right of use asset : The entity has the option to purchase the equipment on the expiration of the lease term by paying PHP 500,000. What is the initial cost of right of use asset
Hospitality sithccc014 prepare meat dishes : 1. In your procedure you will need to develop a recipe card taking into account include:
Determine the total manufacturing costs : Determine the total manufacturing costs and the cost amount per unit for the production and sale of 80,000 units of the product
Prepare a pro forma income statement : Prepare a pro forma income statement including quarterly budgets for the coming year using Mr. Arvada's estimate
What is the cost of goods available for sale : Assuming Miles uses a periodic inventory system, what is the cost of goods available for sale for the month of March
What is the proper adjusting entry at June : What is the proper adjusting entry at June 30, the end of the fiscal year, based on a prepaid insurance account balance before adjustment
What amount of net income or net loss would company report : At December 31, 2020, the balance in owner's equity was $825300. What amount of net income or net loss would the company report for 2020
Organizations and liability-bankruptcy : What should the parents argue in order to hold Vance Armstrong liable in his individual capacity? Will the parents prevail? Why or why not?
What is meant by backdating and repricing of stock options : Explain in detail what is meant by the backdating and repricing of stock options. Be specific.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Find the present value of the dividend stream

You will use this required return rate to discount dividends. Find the present value of the dividend stream; that is, calculate the PV of D1, D2, and D3

  Advise the chief investment officer if company is subject

How do Examine any investment projects the company has taken in the past and critically examine if that project increased the wealth of the shareholders.

  Prepare purchases budget

Favata Company has the following information. In addition, the cost of goods sold rate is 70% and the desired inventory level is 30% of next month's cost of sales. Prepare a purchases budget for July through September.

  How many job advertisements you have collected in total

HI5020 Corporate Accounting - Qualifications and experiences that employers seek from Corporate Accountants - How many job advertisements you have collected.

  Compute the break-even point in units and sales dollars

Mozena Corporation has collected the following information after its first year of sales. Sales were $1,762,500 on 117,500 units; selling expenses $267,500 (42% variable and 58% fixed); direct materials $528,500; direct labor $307,500; Compute the br..

  What is cost of goods sold using the LIFO inventory method

A physical count of merchandise inventory at the end of the month revealed that 500 units were sold. What is the cost of goods sold using LIFO inventory method

  What type of life insurance would recommend

What type of life insurance would you recommend for the family at this life stage, and what are its associated advantages and disadvantages?

  Discussion of the political environment and process

ACC80005 FINANCIAL ACCOUNTING THEORY QUESTIONS. In answering the above question, your answer should include a discussion of the political environment/process

  Credit terms-credit customers

Charlet Company offers credit terms of 4/15, n/60 to its credit customers. Rutherford Corporation purchased 20 office chairs with a list price of $200 each from Charlet on July 5, 2005. Rutherford paid the invoice for its purchase on July 13, 2005.

  What is the mark to market value of the FRA to AAA corp

Now it is June 2031 and the mid market discrete zero rates are 11% and 12% for one and two year's respectively. What is the mark to market value of the FRA

  Make a cash budget for the months of january to march

Make a Cash Budget for the months of January to March 2019. These purchase are paid 30 days after the purchases are made.

  What amount must deposit each year

Determine equal annual deposits into the account at the end of each year. If the account pays 6.8 percent interest, what amount must you deposit each year?

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