User Account

All Pages

What is the total number of wools she has at the end

Assignment Help Accounting Basics
Reference no: EM132903989

Question - Julie runs a Knitting shop. She enters into the following transactions during the month of January:

January 1st Purchases 1,200 wools at £1 each.

January 13th Purchases 500 wools at £1.20 each.

January 14th Sells 700 wools at £2 each.

January 16th Sell 600 wools at £2.50 each

Using LIFO method, Calculate the following:

a) The revenue generated from sales?

b) Total Cost of goods sold?

c) The Total profit made?

d) The monetary value of Julie's closing inventories?

e) What is the total number of wools she has at the end of the month?

Reference no: EM132903989

Questions Cloud

What amount should vaughn report as an impairment : The equipment is expected to be used in operations in the future. What amount (if any) should Vaughn report as an impairment to its equipment
Analyse and forecast wine sales : For this particular assignment, the data of different types of wine sales in the 20th century is to be analysed. Both of these data are from the same company bu
Reduced through blockchain technology : The author describes four types of costs that blockchain technology can reduce. Which of the four cost types, if reduced through blockchain technology
Highlighting relationship between rainfall and electricity : Can someone explain to me 13 points highlighting the relationship between rainfall and electricity.
What is the total number of wools she has at the end : January 13th Purchases 500 wools at £1.20 each. What is the total number of wools she has at the end of the month
Components of the framework for agricutural price policies : Explain 21 components of the framework for agricutural price policies. Please provide references.
Describe each career in detail including salary : Describe each career in detail including salary (based in MD, VA, and DC geographical area), education level or certification needed, and duties.
How to boost employee commitment to jobs and company : THE more effectively leaders and organizations support employees in meeting these core needs, the more likely the employees are to experience engagement, loyalt
What tax documentation should Sheila prepare : She did not have any other income or deductions during the year. What tax documentation should Sheila prepare for the 2018-19 income year

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