User Account

All Pages

What is the ending inventory at cost

Assignment Help Accounting Basics
Reference no: EM132579563

Question - The following information is available for the past month for a retail store:

Sales $87,000

Markups $9,000

Markdowns $9,000

Purchases (at cost) $38,800

Purchases (at retail) $107,000

Beginning inventory (at cost) $30,000

Beginning inventory (at retail) $48,186

Required - What is the ending inventory at cost using the conventional retail method?

a. $38,870

b. $164,186

c. $78,000

d. $28,570

Reference no: EM132579563

Questions Cloud

What is the capitalized cost of the building : As a result of financing arrangements, actual interest was $1,820,000, and avoidable interest was $1,600,000. What is the capitalized cost of the building
Find what is amount of cash flows from operating activities : Find What is the amount of cash flows from operating activities reported on the statement of cash flows prepared by the indirect method?
Find how many extra days of credit can company y receive : What is the effective annual rate of interest if Y pays on the due date rather than day 15? (Use 365 days in a year. Do not round intermediate calculations.)
How to calculate the direct materials quantity variance : How to Calculate the direct materials quantity variance. Calculate the direct labor efficiency variance. Calculate the direct labor rate variance.
What is the ending inventory at cost : Beginning inventory (at cost) $30,000 and Purchases (at retail) $107,000. What is the ending inventory at cost using the conventional retail method
How to make a schedule of cost of goods sold for the month : How to Make a schedule of cost of goods sold for the month. Assume the underapplied or overapplied overhead is closed to Cost of Goods Sold.
Find the LIFO effect : The ending inventory on December 31 is $29,980 at FIFO cost and $25,810 at LIFO cost. Find the LIFO effect
Briefly state and name the countries and organizations : Briefly state and name the countries and organizations identified as the targeted victims?-need 2 replies 100 words each
What amount of inventory should Beck Company report : Beck Company also has consigned goods of $73,000 awaiting sale with Meyer Company. What amount of inventory should Beck Company report

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