What is the value of oriole companys inventory at may

Assignment Help Financial Accounting
Reference no: EM132488748

At May 1, 2017, Oriole Company had beginning inventory consisting of 340 units with a unit cost of $8.0. During May, the company purchased inventory as follows:

  1. 670 units at $8.0
  2. 1010 units at $9.0

Question 1: The company sold 1680 units during the month for $13.0 per unit. Oriole Company uses the average cost method. The value of Oriole Company's inventory at May 31, 2017 is

 

Reference no: EM132488748

Questions Cloud

What the depreciable cost of the equipment is : The equipment cost $410000 and had an expected salvage value of $45000. The life of the equipment estimated to be 5 years. What depreciable cost of equipment.
CPCCBC4005A Produce labour and material schedules : CPCCBC4005A Produce labour and material schedules for ordering Assignment help and solution, Unity School of Education - assessment writing service
How will the firm retrain or outsource to meet future demand : First, consider your firm's orientation in regards to the Miles and Snows framework. How will the firm retrain, hire staff, or outsource to meet future demand?
Calculate the company earnings per share : Calculate the company's earnings per share. EzeeCredit Company reported net income of $3,554,000 for the year ended December 31, 2020.
What is the value of oriole companys inventory at may : What The value of Oriole Company's inventory at May 31, 2017 is ? At May 1, 2017, Oriole Company had beginning inventory consisting of 340 units
Determine which is less important to the audit partner : Determine which is less important to the audit partner. The audit partner will set which audit with a higher level of Audit Risk? explain.
What is meant by an easement : What is meant by an easement? Provide examples and explain why an easement is called a lesser interest in land.
Describe the results of your assessment of the technology : Describe the results of your assessment of the technology requirements relevant to employee productivity, staffing systems, career development systems.
What are five resources : What are five resources that could provide guidance in the solution of legal problems?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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