User Account

All Pages

What is the ending inventory under the average-cost method

Assignment Help Accounting Basics
Reference no: EM132547211

Question - Use the following inventory information for questions below.

Jan. 1 Beg Inventory 10 units at P90

Jan. 5 Purchases 60 units at P84

Jan. 14 Sale 40 units

Jan. 21 Purchases 30 units at P87

Jan. 30 Sale 28 units

Required - Assuming that a perpetual inventory system is used, what is the ending inventory (rounded) under the average-cost method?

a. 2,750

b. 2,784

c. 2,406

d. 2,772

Reference no: EM132547211

Questions Cloud

Describe the plain view doctrine : Describe the plain view doctrine, and why it has such a significant impact on digital forensics?
An individual whose cells have 36 chromosomes : An individual whose cells have 36 chromosomes; how many chromosomes are present in the daughter cells after meiosis?
What is a segmented income statement and how is used : The units can be reworked for $1 per unit and sold for full price of $6 each. If Henny-Penny rework the defective units, how much net return will result?
Determine the average value of research payments : Determine the average value of research payments given by each Manufacturer. Include in your report the details
What is the ending inventory under the average-cost method : Assuming that a perpetual inventory system is used, what is the ending inventory (rounded) under the average-cost method
Trace the path of the production of a protein : Trace the path of the production of a protein through the cell from the start to the plasma membrane
Describe the methods used in collecting the outcome data : Describe the rationale for the methods used in collecting the outcome data. Describe the ways in which the outcome measures evaluate the extent to which.
Plasma membrane of animals : 1. What molecule is found in the plasma membrane of animals but not other organisms (like plants)?
Provide consolidation worksheet adjusting entries : ABC Limited lends $10,000 to XYZ Limited paying interest at 10% every month. Provide consolidation worksheet adjusting entries

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