What the value of the ending inventory on june

Assignment Help Financial Accounting
Reference no: EM132755964

Oriole Company just began business and made the following four inventory purchases in June:
June 1174 units$      1044

June 10232 units    1624

June 15232 units    1856

June 28174 units    1566      

                           $6090

Problem 1: A physical count of merchandise inventory on June 30 reveals that there are 232 units on hand. Using the LIFO inventory method, the value of the ending inventory on June 30 is

Reference no: EM132755964

Questions Cloud

Prepare adjusting journal entry to record bad debt expense : Prepare the adjusting journal entry to record bad debt expense for the year. Accounts receivable are $417,800 at the end of the year.
Calculate the minimum hot and cold utility loads : Calculate the minimum hot and cold utility loads, as well as the hot and cold pinch temperatures - Draw the grand composite curve for the set
What is the budgeted cost of raw material purchases : If 60,500 pounds of raw materials are required for production in December, then what is the budgeted cost of raw material purchases for November?
What number must logic games sell to make operating profit : What number must logic games sell to make an operating profit of Rs 80000 for the month. Logic games company is considering the introduction of new Rubik,s
What the value of the ending inventory on june : Using the LIFO inventory method, the value of the ending inventory on June 30 is? A physical count of merchandise inventory on June 30 reveals that there are 23
Find what the entry to record the sale would include a : What the entry to record the sale would include a? On July 1, 2017 a truck was sold for $10,000. The company originally paid $28,000 on June
Write the normal lab value range and cause of imbalance : Select an electrolyte from the list in the document linked below. Using references that you may already have identified, indicate conditions caused by too much.
Find what is the expected return on mr x complete portfolio : What is the expected return on Mr. X's complete portfolio? Mr. X's complete portfolio consists of 40% investment in risk-free asset and 60% investment in risky
How statistical data is used in your organization : Discuss why it is important for a person working in health care to understand statistical concepts. Provide an example of how statistical data is used in your.

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