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Q. Determine the cost of ending inventory?
The company suppose that the 20 units in inventory consist of 10 units purchased December 21 and 10 units purchased October 12. The overall cost of ending inventory is USD 179 and the cost of goods sold is USD 511.
We show the relationship among the cost of goods sold and the cost of ending inventory under FIFO using periodic inventory procedure. The 80 units in cost of goods accessible for sale consist of the beginning inventory and all of the purchases during the period. In FIFO the ending inventory of 20 units consists of the most recent purchases 10 units of the December 21 purchase and 10 units of the October 12 purchase costing USD 179. We suppose the beginning inventory and other earlier purchases have been sold during the period, representing the cost of goods sold of USD 511.
Q. Explain Statement of retained earnings? The statement of retained earnings demonstrates the change in retained earnings between the beginning and end of a period e.g. a mont
Assume we are a trading company giving devices and sometimes after sales service. when any fault came we just replace the hardware from another defective device and getting the pay
The CPSdata to re-estimate the difference among average male and female pay. Use for example, the regression LS LNWAGE C FE a. Can you avoid the hypothesis that mean female
a simple discount note for $6,600 at a ordinary bank discount rate of 8.61% for 60 days. What is the effective interest rate? Round to the nearest tenth of a percent
Q. What do you mean by Breakeven point? Breakeven point -- the amount of revenue from sales that exactly equals the amount ofexpense. Breakeven point is generally expressed as
The balance sheet account as of July 31, 1995 for XYZ company are : Capital: (fix lib) 35,630 Office Equipment (ass) 16730 Delivery
Q. What do you mean by note? A note is an unqualified written promise to pay another party the amount owed either when demanded or at a certain specified date habitually with i
Q. Example of retail inventory method? In Exhibit we display the retail inventory method. In the exhibit the costs (USD 22000) as well as retail (USD 40000) amounts for beginni
Q. Determine the cost of ending inventory? The company suppose that the 20 units in inventory consist of 10 units purchased December 21 and 10 units purchased October 12. The o
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