User Account

All Pages

What was lequin cost of goods sold

Assignment Help Accounting Basics
Reference no: EM131822163

Question - The following inventory balances relate to Lequin Manufacturing Corporation at the beginning and end of the year:

Beginning Ending

Raw materials $ 14,000 $ 19,000

Work in proces $ 31,000 $ 7,000

Finished goods $ 25,000 $ 23,000

Lequin's total manufacturing cost was $543,000. What was Lequin's cost of goods sold?

a. $517,000

b. $545,000

c. $569,000

d. $567,000

Reference no: EM131822163

Questions Cloud

What is hanover adjusted gross income : During 2011, Milton Hanover was granted a divorce from his wife. What is Hanover's adjusted gross income for 2011
Draft a notice of meeting and proxy form : BUS200 - Draft a notice of meeting and proxy form - the agenda is to amend the constitution to create a class of preference shares
What are ways sports teams can minimize concussions : Research question: What are ways sports teams can minimize concussions and its effects?
Think about the four noble truths and the eight-fold path : Think about the Four Noble Truths and the Eight-Fold Path. Based on the definition of religion as discussed in Week 1, is this a philosophy, a way of life.
What was lequin cost of goods sold : Lequin's total manufacturing cost was $543,000. What was Lequin's cost of goods sold
How dell might set up a job-costing system : Job Costing at Dell Computer Dell 's manufacturing process at its Austin, Texas, facility consists of assembly, functional testing.
Understanding of statistics is necessary in any job : An understanding of statistics is necessary in any job. The use of statistics can help provide answers to many questions.
What are the revised npv and base-case npv : If unsuccessful, after the first year the project can be dismantled and will have an aftertax salvage value of $10.6 million.What is the revised NPV?
Explore community and take notice of the art you encounter : Explore your community and take notice of the art you encounter. What does it evoke in you?

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