Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Beginning inventory on March 1 consisted of 2,000 units each costing $11.20 .
During March, the following was purchased for inventory:
Date
Purchase
March 5
2,800 units at a cost of $12.20 each
March 10
4,900 units at a cost of $11.70 each
March 14
2,700 units at a cost of $11.85 each
March 22
2,400 units at a cost of $11.95 each
March 28
4,700 units at a cost of $12.05 each
During March, the following was sold from inventory:
Sales
March 3
1,900 units at a price of $22.40 each
March 12
6,200 units at a price of $24.40 each
March 17
3,200 units at a price of $23.70 each
March 21
400 units at a price of $23.70 each
March 25
2,700 units at a price of $23.90 each
March 31
4,500 units at a price of $24.10 each
Instructions:
Compute the cost of goods sold and the ending inventory value as of March 31 under each of the following assumptions:
1. Periodic Inventory Method
a) FIFO
b) LIFO
c) Weighted Average
2. Perpetual Inventory Method
fifo method questions
Marginal Cost (MC): The marginal cost of an additional unit of output is the cost of the additional inputs required to make that output. More formally, the marginal cost is the
Support Department Cost Allocations. Riverside Furniture Company manufactures unfinished furniture for sale to retailers. Riverside has two support departments, Maintenance and Hu
Two firms compete in a homogenous product market where the inverse demand function is P = 10 - 2Q (quantity is measured in millions). Firm 1 has been in business for 1 year, while
A foreign company plans to clear several dozen acres of ecologically valuable mangrove swamp in Vietnam for the creation of a shrimp aquaculture facility. This decision will create
how salaries cause cost?
Download the financials of Shoprite , study them, then, using ratio analysis, the cash flow statement, and the segmental breakdown of the results, prepare a statement outlining the
cite some example on how to to calculate variable cost
What is labor costing,what are the problems involved in labor costing
Evaluate the Acquisition of Manufacturing Equipment XYZ Limited is a medium sized company providing a range of medical solutions. You, the financial manager has been asked to e
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!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd