User Account

All Pages

What is the ending inventory at December

Assignment Help Accounting Basics
Reference no: EM132270511

Question - Sterling Products, Inc. adopted the dollar-value LIFO method of computing inventory on January 1, 2018. Inventory on January 1st was $360,000. Year-end inventories at year-end costs and cost indexes were as follows:

Date Inventory Year-End Costs Cost Index

2018 $430,000 1.03

2019 465,000 1.06

What is the ending inventory at December 31, 2018 and 2019 using the dollar-value LIFO method?

Reference no: EM132270511

Questions Cloud

Prepare entries on the books of Sunland Company : On December 20, the company paid cash for equipment, $259,700, subject to a 2% cash discount, Prepare entries on the books of Sunland Company for transactions
What are the main ideas in steinbergs article : Explain what Zewei's article from the week 4 reading was all about. Be sure to identify the thesis and conclusions.
What is the difference between civil right and civil liberty : What is the difference between civil right and civil liberties? How have the courts ruled on them throughout history?
Discuss about the social networks and connections : Indicate which of these you believe is the most important and second most important factors and explain why.
What is the ending inventory at December : Sterling Products, Inc. adopted the dollar-value LIFO method of computing inventory on January 1, 2018. What is the ending inventory at December
What is the correct inventory value for each product : What is the correct inventory value for each product using the lower of cost or market. Prepare any journal entries required to write down the inventory value
Discuss one effect that the two-party system of us : Discuss one effect that the two-party system of the United States has on the political interests of American citizens.
Do you think negative public opinion toward immigrants : Do you think negative public opinion toward immigrants is justified, for instance, the belief that immigration is bad for the American economy.
Determine the dollar amounts that alpha will report : Use this information to determine the dollar amounts that Alpha will report on its yearend Balance Sheet for Paid in Capital Common Stock in Excess to par

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