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
A plant is considering the replacement of a piece of equipment in its materials handling system with a new piece. If the company's cost of capital is 10%. Should the present asset
A Government issued a number of index-linked bonds on 1 June 2000 which were redeemed on 1 June 2002. Each bond had a nominal coupon rate of 3% per annum, payable half yearly in a
How the FIFO, LIFO and AW problems can be solved?
CVP and Computer Applications The broad availability of personal computers encourages more managers to apply cost volume profit analysis. Computers can quickly create the comp
LEV;LRV
A corporation acquired a truck on July 1, 2012, at a cost of $162,000. The truck has a six-year useful life and an estimated salvage value of $18,000. The straight-line method of d
Which of the following are easy to trace to individual jobs?: A. direct materials and overhead B. direct materials and direct labor C. direct labor and overhead
when one firm purchase other and take over its all assets.balance sheet of absorbed firm shows goodwill,should we goodwill as well?
how to prepare contract account
Question Roseville, Ltd., sells one of its products for $500 each. Sales volume averages 1,000 units per year. Recently, its main competitor priced their competing product at 1
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