What would the cost of ending inventory using the periodic

Reference no: EM132703517

Problem 1: On December? 31, a physical count reveals 80 units in ending inventory. Using the information from the? table, what would the cost of ending inventory using the periodic FIFO method? be?

A. ?$800

B. ?$850

C. $1,910

D. ?$860

January 1 inventory balance 100 units at? $10 per unit

March 2 purchase 50 units at? $11 per unit

July 8 purchase 80 units at? $10 per unit

November 15 purchase 30 units at? $12 per unit

Reference no: EM132703517

Questions Cloud

Analyze the impact of intellectual property : Your U.S. based company is a new start-up and they sell packaged consumer goods from dish detergent to fabric softener to air fresheners. They want to become.

What recommendations would you offer the ceo : You work for a U.S. based company that leaves a large carbon footprint because it relies heavily on paper, ink cartridges, and plastic. While there seem to be.

How do Determine what is gross margin : Determine what is gross margin? Beginning inventory 150,000. Sales revenue $950,000. Ending inventory 230,000. Purchases 720,000

Identify one advantage and one disadvantage of the model : Imagine you are a senior manager at a post-secondary institution who has been assigned the task of increasing the rate of student retention and graduation

What would the cost of ending inventory using the periodic : What would the cost of ending inventory using the periodic FIFO method? be? On December? 31, a physical count reveals 80 units in ending inventory.

What are the ethical concerns in given business situation : You work in the accounting department at your U.S. based company. The Vice President enters your office and asks you for a check for $250.00 for expenses.

What is the value of ending inventory if the fifo periodic : What is the value of ending inventory if the FIFO periodic method is? used? Sales revenue, Beginning inventory:60 units at? $12 per unit

What is the amount of the accounts receivable : What is the amount of the accounts receivable balance at the end of Quarter 2? Assume a year has 360 days.

Find the accumulated value of our investments : Find the accumulated value of our investments at the end of seven years and the yield rate for the entire seven-year period and the equivalent annual yield rate

User Account

All Pages