User Account

All Pages

What is the total cost of the ending inventory

Assignment Help Cost Accounting
Reference no: EM13500536

The following unites of a particular item were available for sale during the year

Beginning inventory100 units at $60
Sale 75 units at $ 112
First purchase 155 units at $65
Sale135 units at $112
Second purchase 200 units at $72
Sale 175 units at $112

The firm uses the perpetual inventory system, and there are 70 units of the item on hand at the end of the year. What is the total cost of the ending inventory according to (a) FIFO, (b) LIFO?

Reference no: EM13500536

Questions Cloud

What is the velocity with which the water exits small pipe : A very large water tank has a small outlet pipe very near its base. What is the velocity with which the water exits the small pipe
What is the mass of the coal the barge is carrying downriver : A barge on the Ohio river is 35 ft wide and 200 ft long with walls which are 12 ft high. What is the mass of the coal the barge is carrying downriver
Calculate the free-fall acceleration at its surface : After our Sun exhausts its nuclear fuel, its ultimate fate may be to collapse to a white dwarf state, Calculate the free-fall acceleration at its surface
The ladder can the person pass without the ladder slipping? : 75-kg person stands on a 6.0-m-long 47-kg ladder. The ladder is tilted 60° above the horizontal. The coefficient of friction between the floor and the ladder is 0.42. The coefficient of friction between the wall and the ladder is zero.What dis..
What is the total cost of the ending inventory : The firm uses the perpetual inventory system, and there are 70 units of the item on hand at the end of the year. What is the total cost of the ending inventory according to (a) FIFO, (b) LIFO?
How long does it take the car to stop : An automobile's wheels are locked as it slides to a stop from an initial speed of 30.0 m/s. how long does it take the car to stop
Describe what is the solubility of in a diver''s blood : As a scuba diver descends under water, the pressure increases. At a total air pressure of 2.90 and a temperature of 25.0 , what is the solubility of in a diver's blood
What is the force of the track on the vehicle at this point : A roller-coaster vehicle has a mass of 506 kg when fully loaded with passengers, If the vehicle has a speed of 19.0 m/s at point A, what is the force of the track on the vehicle at this point
A fight breaks out at club event in hollywood : 1.A fight breaks out at club event in Hollywood. As a result, a chair hits a 4.0-m-long metal baron the stage. A microphone at the other end of the bar picks up two pulses of sound (over the roar of the crowd, of course). One of the pulses trav..

Reviews

Write a Review

Cost Accounting Questions & Answers

  Cost accounting assignment

Evaluate Method of measuring costs associated with production, budgeting process, normal job-order costing system , master budget, cycle time.

  Prepare the journal entries

Prepare the journal entries to record the bond issue and interest expense.

  Advise as to the liability of all the parties

Write a report on given case study and Advise as to the liability of ALL the parties both under common law and the Corporations Law.

  Prepare revenues budget

Prepare Revenues budget and Production budget in units

  Effect of exchange rate changes on cash and cash

Effect of exchange rate changes on cash and cash

  Corporate governance

You are to reflect on how this case of China Sky relates to what the arguments for and against allowing audit firm partners and/or employees to join audit committees.

  Cost-benefit analysis

A cost-benefit analysis of electronic medical records in primary care

  Non-annual interest rates and annuities

Theory of Interest- Non-annual interest rates and annuities

  Job costing in service organizations

How is job costing in service organizations different from job costing in manufacturing environments?

  Accounting for bad debt expense

Accounting for bad debt expense

  Accounting and partnership problems

Accounting and Partnership problems

  Development of relevant cash flows

Development of relevant cash flows - Cost estimating and financial analysis

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