### Determine the amount of pharoah company inventory

Assignment Help Accounting Basics
##### Reference no: EM132280487

Question - Pharoah Company follows the practice of pricing its inventory at LCNRV, on an individual-item basis.

 Item No. Quantity Cost per Unit Estimated Selling Price Cost to Complete and Sell 1320 1,600 \$3.58 \$5.04 \$1.79 1333 1,300 3.02 3.81 1.12 1426 1,200 5.04 5.60 1.57 1437 1,400 4.03 3.58 1.51 1510 1,100 2.52 3.64 1.57 1522 900 3.36 4.37 0.90 1573 3,400 2.02 2.80 1.34 1626 1,400 5.26 6.72 1.68

From the information above, determine the amount of Pharoah Company inventory.

#### Calculate the estimated cost of workers

Sunny Hills Farm estimated its payroll for the coming year to be \$102,000. Its workers' compensation insurance premium rate of 0.6% is paid at the beginning of each quarter.

#### Prepare a financial statements on a cash basis of accounting

Discuss this statement and provide appropriate Examples to support your argument - Financial statements prepared on a cash basis of accounting may distort the portrayal of fi

#### Adjusted basis for partnership interest basics

During the first year of partnership operations, the following events occurred: the partnership had a net taxable income of \$10,000; Michelle received a distribution of \$8,0

#### Total standard variable overhead cost

How much does this differ from the actual variable overhead cost? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no

#### Data interpretation and confounding exercise

What is the ratio of the person-time incidence (or incidence density) of prostate cancer in fixed night shift to the person-time incidence of prostate cancer in Daytime work

#### Cash balance of the firm changed

1.  Lube Oil, in Question 3, paid a dividend of \$20 million and bought back \$25 million in stock. Estimate how much the cash balance of the firm changed during the year.

#### Adjusting entry to record accrued interest

Farmer Corporation borrowed \$280,000 on November 1, 2009. The note carried a 10 percent interest rate with the principal and interest payable on June 1, 2010. Prepare the jo

#### How much would keep after taxes

Emmy would like to organize PRK as a C corporation with herself as sole shareholder. Emmy expects PRK to generate \$15,000 annual income before paying Emmy's salary. Individual