What is the value of the ending inventory using lifo

Assignment Help Finance Basics
Reference no: EM13279182

A firm has beginning inventory of 400 units at a cost of $12 each. Production during the period was 700 units at $13 each. If sales were 800 units, what is the value of the ending inventory using LIFO? A. $2,750 B. $3,600 C. $3,300 D. $3,850

Reference no: EM13279182

Questions Cloud

Define what is the half-life of the reaction in yr : A first order decomposition reaction has a rate constant of 0.0418yr-1. What is the half-life of the reaction in yr
Theoretical perspective that guides the nursing process : Which theoretical perspective that guides the nursing process with assessment of the family do you find to be the most helpful and effectve? why is this theory more appealing
Find the potential difference between electrodes : Two 5.0cm×5.0cm metal electrodes are spaced1.1mm apart and connected by wires to the terminals of a 9.0 V battery. What is the potential difference between electrodes
Find rotational loss when generator is supplying full load : A 240V, short shunt, cumulative compound generator is rated at 100A. The shunt field current is 3A. It has an armature resistance of 50 milli-ohm, a series field resistance of 10 milli-ohm a field diverter resistance of 50 milli-ohm and a rotation..
What is the value of the ending inventory using lifo : A firm has beginning inventory of 400 units at a cost of $12 each. Production during the period was 700 units at $13 each. If sales were 800 units, what is the value of the ending inventory using LIFO? A. $2,750 B. $3,600 C. $3,300 D. $3,850
Explain what is the theoretical economy of heating a mixture : What is the theoretical economy of heating A mixture of sodium carbonate and sodium bicarbonate. sodium carbonate is the desired product and water and carbon dioxide are the undesirable wastes .
What are the strategic issues involved with contingent : What are the strategic issues involved with contingent and flexible workers for a company pursuing a lowest cost strategy
What is the yield on a 5-year treasury note : The real risk free rate is 1.5%. Inflation is expected to be 2% for this year and next year, and 3% for every year thereafter. The maturity risk premium is expected to be 0.02 x (t-1)% where t = number of years to maturity. What is the yield on a ..
Statements about impressions : Which of these statements about Impressions is more correct

Reviews

Write a Review

Finance Basics Questions & Answers

  Administrator of a nonprofit community hospital

Illustrate what information do you want to collect. Once you've collected this information.

  Developing a wbs for this project

Determine the main advantages of developing a WBS for this project. Support your response.

  Federal reserve influences financial markets

If a company wishes to lend to another corporation in the direct money market and wants to assume no default risk, describe an appropriate investment.

  Find the estimated total costs for a production level

Total costs were $79,700 when 25,000 units were produced and $90,800 when 35,000 units were produced. Use the high-low method to find the estimated total costs for a production level of 32,000 units.

  Information about retirement account

Today is Archie's 50th birthday and his retirement account totals $237,000. If he has the shortfall how much additional money should Archie save each year for next 12 years at 8% interest in order to have enough money to purchase an annuity that w..

  Determining the annuity amount to fund retirement

You wish to retire after 18 years, at which time you desire to have accumulated enough money to receive an annuity of $14,000 a year for 20 years of retirement. What annual contributions to retirement fund will let you to receive the $14,000 annual..

  Find intrinsic value by discounting each annual

Find intrinsic value by discounting each annual dividend by (1+k)^n where n=number of years, summing them and adding the price in step 3 discounted by (1+k)^4.

  What is the net present value for this project

The tax rate is 33 percent and the required return for the project is 15 percent. What is the net present value for this project?

  How can company improve its collection process on accounts

How can a company improve its collection process on accounts receivable. Offer multiple suggestions with explanation.

  What is the net present value of a project

What is the net present value of a project with the following cash flows if the discount rate is 15 percent? Year 0 cash flow -$59,200. Year 1 cash flow $21,600. Year 2 cash flow $28,300. Year 3 cash flow $14,400. Year 4 cash flow $7,200.

  Business math-tvm concepts

Why is time value of money concept important? In what quantitative decisions may the time value of money be used? How do you apply the time value of money concept to make decisions in your personal life? How may you use Time Value of Money concept..

  Determine financial markets

Determine financial markets and what function do they perform? How would an economy beworse off without them?

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