What is the total value of the inventory on hand

Assignment Help Accounting Basics
Reference no: EM132468928

Problem : the begining inventory of a company on august 1 has two items valued at 100 each on august 8 three items were purchased for 250 per unit.

Question 1: On august 10 two units were sold. using the last in first out method what is the total value of the inventory on hand

Reference no: EM132468928

Questions Cloud

Calculate the pretax breakeven point from the formula : What happens to your breakeven point if your primary supplier of clothing raises prices 5%? You buy 45% of your clothing from this company.
Three sources of secondary data for marketing research : First, identify a minimum of three sources of secondary data for marketing research. Using the data:
Discuss all four types : Define test marketing and discuss all four types and given an example of how each type would be used?
Making international distribution more cost effective : What issues should content providers and software makers be aware of when delivering internationally and why?
What is the total value of the inventory on hand : Items were purchased for 250 per unit. on august 10 two units were sold. using the last in first out method what is the total value of the inventory on hand
Record to subsidiary ledgers : Record to subsidiary ledgers and post to the general ledger as appropriate. Journalize the transactions for the month of March.
Evaluate the marketing mixes presented : Evaluate the marketing mixes presented, select between two options for a new product, and discuss which option you chose and why.
Current understanding of global project management : Current understanding of global project management - critically analyse particular personal traits or competencies that are important for project managers
How peer-2-business utilizes segmented marketing : What you perceive to be the main difference for how Peer-2-Business utilizes segmented marketing and how some of the larger companies do it.

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.

  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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd