User Account

All Pages

What is the estimated cost of ending inventory

Assignment Help Accounting Basics
Reference no: EM132729800

Question - Given the following, calculate the estimated cost of ending inventory using the gross profit method.

Gross profit on sales 55% Net purchases $4,200

Beginning inventory $29,300 Net sales at retail $17,300

Required - What is the estimated cost of ending inventory?

Reference no: EM132729800

Questions Cloud

Implementation of ergonomic program : The management team where you work has assigned you the task of "Cost Justification" to decide whether implementation of an ergonomic program
Explain the effect of each of the events on a corporation : Describe and briefly explain the effect of each of these events on a corporation's cash flow from operations (e.g., inflow, outflow, no effect)
Responsibility and authority of osha well osha standards : Discuss the responsibility and authority of OSHA as well as OSHA standards. What are the similarities and differences between OSHA and NIOSH?
Estimate the cost of the fourteenth unit : It cost the contractor $13,750 to manufacture their first unit. The company expects to experience a 93% unit learning curve. Estimate the cost of the 14th unit.
What is the estimated cost of ending inventory : Gross profit on sales 55% Net purchases $4,200 and Beginning inventory $29,300 Net sales at retail $17,300. What is the estimated cost of ending inventory
What factor determines the price of an option : Other than the price of the associated stock, what factor determines the price of an option? The amount of time before the expiration, or strike, date
Discuss the symptoms-presentation : Discuss the symptoms, presentation, and diagnosis of OA and those of RA.
Why would investors invest in such a security : According to the CAPM, would the expected rate of return on a security with a beta less than zero be more or less than the risk-free interest rate?
What would we learn about personal and social barriers : If someone were to write your life history, what would we learn about [your] personal and social barriers? Frequently, we can see prejudices all around us but

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