Computing cost of merchandise inventory

Assignment Help Accounting Basics
Reference no: EM13148592

Using the perpetual system, costing by the first-in, first-out method, what is the cost of the merchandise inventory of 30 units on September 30?

Reference no: EM13148592

Questions Cloud

How much rice do domestic farmers produce in japan : What is the free trade level of rice consumption in Japan, how much rice do domestic farmers produce in Japan
What is probability of a human gamete being fully parental : Assume crossing over does not occur. What is the probability of a human gamete being fully parental?
Probability all watch television more than seven hours a day : Random sample of five North American adult is more than 7 hours a day? What is the probability that in random sample of 5 north American adults, all watch television more than 7 hours a day?
Calculate the grams of disodium phosphate : Calculate the 1)mls of 100mM of NaOH or HCl 2) grams of disodium phosphate 3) and the mls of water required to make a 200mM phosphate buffer at pH 6.85
Computing cost of merchandise inventory : Using the perpetual system, costing by the first-in, first-out method, what is the cost of the merchandise inventory of 30 units on September 30?
How much years will the savings be exhausted : if the person withdraws $12000 at the end of each year, after how much years will the savings be exhausted?
Why are vision and mission statements important to strategic : Why are vision and mission statements important to strategic development? How might leaders and managers view and use vision and mission statements differently?
Graphically depict the substitution and income effects : Trace a copy of this diagram. Graphically depict the substitution and income effects. 2.2. Which effect is strongest? How can you tell?
What are the specific types of lipids used by ruminants : Lipids are a major energy molecule in ruminants, as opposed to many other animals. How are lipids used to make ATP? What are the specific types of lipids used by ruminants? Describe their pathways for ATP synthesis or other biochemical uses.

Reviews

Write a Review

 

Accounting Basics Questions & Answers

  Amount of net capital gain and net ordinary income

The ABC stock was purchased for $1,800 and sold for $3,200. In 2010 (the year of sale), Jack should report what amount of net capital gain and net ordinary income?

  Statements regarding fixed costs

Which of the following statements regarding fixed costs is incorrect?

  How is the interest revenue computed

A company purchased a $5,000, 25-year zero-coupon bond for $820 to yield 8.5% to maturity. How is the interest revenue computed?

  Elimination of segment in a company losing money

When one segment in a company is losing money, the elimination of that segment will:

  Best rights for the purse

An employee of the restaurant, Jack, finds the purse and notifies the owner of the restaurant. Going in order from superior to inferior rights, who has the best rights for the purse?

  Carrs withdrawal from the partnership

Ace and Bart will use personal assets to purchase Carr's interest. The partnership's entry to recored Carr's withdrawal from the partnership would be ??

  Method of amortising discounts and premiums

The firm uses the effective interest method of amortising discounts and premiums. The bonds were sold to yield an effective interest rate of 10%.

  Budgeted cost of merchandise

Gross margin is typically 40% of sales. Determine the budgeted cost of merchandise purchases for July.

  Report on the income statement

A supplies account has a balance of $810 at the beginning of the year and was debited during the year for $1,950, If $650 of supplies are on hand at the end of the year, the supplies expense to be reported on the income statement for the year woul..

  Question on foreign currency

What are the two techniques used to convert trial balances from foreign currencies in U.S. dollars? Explain the situations when you would employ each metod.

  Principle payment of cash on a note payable

A business makes a principle payment of cash on a note payable. The note payable was originally issued for the purchase of equipment. Which of the following occurs?

  Total amount of company installment sales

What is the total amount of company's installment sales for 1990?

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