invetory, Accounting Basics

Assignment Help:
beginning inventory,purchase,and sales data for commodity A are as follows
november 1 inventory 1500units @k20.00
2 sold 5000unit @ 40.00
12 purchase 10000 units @2250
22 sold 15000 units @40.00
30 purchase 10000 units @2500
determine the cost of ending inventory and cost of sold merchadise sold using
fifo
lifo
avarege cost method

Related Discussions:- invetory

Share-based payment transactions, Q. Share-based payment transactions? ...

Q. Share-based payment transactions? The fair value accounting standard SFAS 157 applies to monetary assets of all publicly-traded companies in the US as of 2007 Nov. 15. It as

Sales taxes and schedule of accounts receivable, Sales taxes and Schedule...

Sales taxes and Schedule of accounts receivable Schedule of accounts receivable  Accounts Receivable and individual accounts should match. Only accounts which have

Unadjusted trial balances , my unadjusted balance is not the same under cre...

my unadjusted balance is not the same under credits and debits? And I can''t figure what went wrong.

Aging Approach., At the end of 2011 Samuda reported a balance in Account re...

At the end of 2011 Samuda reported a balance in Account receivable of $620,000 and estimated that $12,400 of this account would likely be uncollectible. The allowance for doubtful

Creditors, Creditors: this may be short or long-term lenders. Short-term c...

Creditors: this may be short or long-term lenders. Short-term creditors comprise suppliers of materials, services or goods. They are generally termed as trade creditors. Long-term

Consistency in accounting principle, Q. Consistency in accounting principle...

Q. Consistency in accounting principle? Consistency necessitates that a company use the same accounting principles and reporting practices through time. Consistency makes possi

Nature of accounting function, An accounting is a service function. The mai...

An accounting is a service function. The main accounting executive through whatever name he is termed as holds a staff position except inside his own department where he exerts aut

Recording, does immaterial items have to be recorded

does immaterial items have to be recorded

Specific identification method of inventory, Q. Specific identification met...

Q. Specific identification method of inventory? Specific identification- The specific identification method of inventory costing put together the actual cost to an identifiable

What is unbilled training fees, Q. What is Unbilled training fees? A co...

Q. What is Unbilled training fees? A company may possibly perform services for customers in one accounting period while it bills for the services in a different accounting peri

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd