User Account

All Pages

What is the cost of the ending inventory

Assignment Help Accounting Basics
Reference no: EM13680513

A company had the following purchases during the current year:

January: 30 units at $125
February: 40 units at $135
May: 35 units at $145
September: 32 units at $155
November: 30 units at $165



On December 31, there were 76 units remaining in ending inventory. These 76 units consisted of 12 from January, 14 from February, 16 from May, 14 from September and 20 from November. Using the specific identification method, what is the cost of the ending inventory?


$10,880
$11,180
$10,260
$11,020
$11,780

Reference no: EM13680513

Questions Cloud

Discuss some factors that health services managers : Discuss some factors that health services managers must consider when choosing between debt and equity financing. Consider both investor-owned and not-for-profit firms in your answer.
Calculate the balance by adding deposits : Display the new balance in a ReadOnly text box or a label. Calculate the balance by adding deposits and subtracting service charges and checks. Include buttons for Calculate, Clear, and Exit.
What advice do give the boughs : What advice do you give the Boughs?
Business international growth strategy : Executives to report on the business's international growth strategy, identify any issues and provide quality recommendations for improvement.
What is the cost of the ending inventory : What is the cost of the ending inventory?
Advise green of the pros and cons of that structure : He does not currently own permanent retail space, but he has not ruled it out. What business structure would you recommend to Green? Advise Green of the pros and cons of that structure.
What business structure would you recommend to green : The popular response encouraged him to create a website and start a mail-order business. He outsources some of the printing responsibilities, and hired someone part time to help him ship out his work to website-based customers.
College and continuing professional education : College and Continuing Professional Education
What knowledge do the authors offer to readers through : What knowledge do the authors offer to readers through the composition of the novels?  Do you see similarities and differences in the two paths Janie and the narrator of Invisible Man take?

Reviews

Write a Review

Accounting Basics Questions & Answers

  What was the 2010 earnings per share

for 2010, ford corporation reported net income of $15000, net sales $200000; and average share outstanding 6000. there were no preferred stock dividends. what was the 2010 earnings per share?

  A company has a minimum required rate of return of 8 it is

a company has a minimum required rate of return of 8. it is considering investing in a project that costs 455580 and is

  Office supplies of 600 were on hand at the beginning of the

prepare adjusting entries for the following items.a. depreciation on machinery is 940 for the accounting period.b.

  Calculate smiths maximum depreciation expense for 2013

smith llc has acquired various types of assets recently. below is a list of assets acquired during 2012 and

  A recent cover story in a national business magazine

a recent cover story in a national business magazine mentioned the to the hilt hotel chain tth as an example of how not

  Would any of the events in the process change

Contrast the sales process of their retail store operation with the sales process in an online store environment. Would any of the events in the process change?

  The following information relates to interstate trucking

the following information relates to interstate trucking for itsfirst year of operations data in millions of

  Reck company receives a 10000 3-month 8 promissory note

reck company receives a 10000 3-month 8 promissory note from fey company in settlement of an open accounts receivable.

  A b per unit of direct material cost 061 167 per unit of

a b per unit of direct material cost 0.61 1.67 per unit of direct labor cost 2.44 0.83 sales volume in units 82000

  Danny plans to depreciate the operating assets on a

to add to his growing chain of grocery stores on january 1 2012 danny marks bought a grocery store of a small

  The company uses the effective interest method

The company uses the effective interest method to account for this debt.

  For august mcguire manufactering estimated sales revenue at

for august mcguire manufactering estimated sales revenue at 200000. it pays sales comissions that are 4 of sales. the

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