What would the cost of goods sold and ending inventory be

Reference no: EM13581234

Harris Inc. had the following balances and transactions during 2014:

Beginning Merchandise Inventory as of January 1, 2014	100 units as $75
March 10	Sold 50 units
June 10	Purchased 200 units at $80
October 30	Sold 150 units

What would the cost of goods sold and ending inventory be as reported on the income statement for the year ending December 31, 2014 as reported on the income statement for the year ending December 31, 2014 if the perpetual, last-in, first-out (LIFO) costing method is used? (Round your answer to two decimal places)

Reference no: EM13581234

Questions Cloud

At the beginning of 2014 ovila company estimated the : at the beginning of 2014 ovila company estimated the following costs to produce one unit of product 8 pounds of direct

Which of the following trade or business expenditures of : which of the following trade or business expenditures of ajax inc. are deductible on its current year tax return? if an

Prepare a differential analysis as of september 12 2012 to : prepare a differential analysis as of september 12 2012 to determine if product t should be continued alternative 1 or

Calculate the amounts to be reported on each employees wage : courtside concepts co. began business on january 2 2011. salaries were paid to employees on the last day of each month

What would the cost of goods sold and ending inventory be : harris inc. had the following balances and transactions during 2014beginning merchandise inventory as ofjanuary 1

On december 31 there were 28 units in ending inventory : a company made the following purchases during the yearjan 10 15 units 360 eachmar 25 25 units 390 eachapril 25 10

A company that produces a single product had a net : a company that produces a single product had a net operating income of 84000 using variable costing and a net operating

Demonstrate that the ground state wave function of a : demonstrate that the ground state wave function of a particle in an infinitely deep box is an eigenfunction of the

A company had a highly labor-intensive manufacturing : a company had a highly labor-intensive manufacturing process. recently it implemented robotics and a number of other

User Account

All Pages