What is amount that lifo liquidation added to gross margin, Cost Accounting

Assignment Help:

Q. Given the below information, what is the dollar amount that the LIFO liquidation added to gross margin?

 

Number of Units

Price per Unit

Beginning inventory

10

1

Purchases

12

3

Sales

15

 

Ending inventory

7

 


Related Discussions:- What is amount that lifo liquidation added to gross margin

#title, compare tradition costing and activity costing methods of overhead...

compare tradition costing and activity costing methods of overheads abpsrption based on production units,labour hourd and machine hours

Process costing, what is accounting treatment for material losses due to ab...

what is accounting treatment for material losses due to abnormal reasons

Prepare the journal entries to record declaration, Unrecaptured Sec. 1250 G...

Unrecaptured Sec. 1250 Gain and 1231. Mr. Briggs purchased an apartment complex on January 10, 2011, for $2 million with 10% of the price allocated to land. He sells the complex on

Absorption costing, how to treat an increase in output on marginal costing

how to treat an increase in output on marginal costing

Contract account, i want to understand everything about contract account

i want to understand everything about contract account

What is the margin of safety, Apollo Company manufactures a single product ...

Apollo Company manufactures a single product that sells for $168 per unit and whose total variable costs are $126 per unit. The company's annual fixed costs are $630,000. (1) Use t

Who would be affected if the proposal is implemented?, Outdoors R Us owns s...

Outdoors R Us owns several membership-based campground resorts throughout the Southwest. The company sells campground sites to new members, usually during a get-acquainted visit an

Contribution, CONTRIBUTION : It is the variation between the marginal cost ...

CONTRIBUTION : It is the variation between the marginal cost of sales and sales and it contributes towards fixed profit and expenses.  It is differ from the profit which is the net

Material cost control, Material Cost Control Therefore Materials form ...

Material Cost Control Therefore Materials form an important cost of output units and that should be controlled.  Material Control is more than merely recording the accounting

What is the steady-state value of capital labor ratio, 1. A country has the...

1. A country has the per-worker production function  y t = 6 k t 0.5   where y t is output per worker and k t is the capital-labor ratio. The depreciation rate is 0.1 and t

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