User Account

All Pages

The inventory of powhattan company amounts

Assignment Help Accounting Basics
Reference no: EM131113705

1. On December 31, 2009, the inventory of Powhattan Company amounts to $800,000. During 2010, the company decides to use the dollar-value LIFO method of costing inventories. On December 31, 2010, the inventory is $1,053,000 at December 31, 2010, prices. Using the December 31, 2009, price level of 100 and the December 31, 2010, price level of 108, compute the inventory value at December 31, 2010, under the dollar value LIFO method. 

Reference no: EM131113705

Questions Cloud

Compute the efficiency when the transformer delivers half : chalf its rated kVA at 0.85 power factor lagging.
Management style when he first joined recycled furnishings : Recycled Furnishings is a division of an international home furnishing company called Thor Enterprises. Recycled Furnishings makes glass sofas for outdoor use from recycled bottles and glass. The business has grown rapidly in the last thirty years an..
Evidence of managerial trends of high-performance : 1. What type of union strategy is PWC using? 2. Do you see evidence of the managerial trends of high-performance work practices, nonunion employee representation, and nonstandard work practices present in the case?
What is the predicted sales price for a house : What is the regression equation relating square footage to listing price? Using the regression equation that you designated in #3(d) above, what is the predicted sales price for a house of 2100 square feet?
The inventory of powhattan company amounts : On December 31, 2009, the inventory of Powhattan Company amounts to $800,000. During 2010, the company decides to use the dollar-value LIFO method of costing inventories.
Do problem 9 again assuming an american put option instead : Do problem 9 again assuming an American put option instead of a call option.
Find the per-unit voltage regulation : The core loss at rated voltage is 45 W, and the copper loss at rated load is 100 W. Neglect the exciting current of the transformer. Find the per-unit voltage regulation when the transformer is supplying full load at 110 V and 0.9 lagging power fa..
Common goal of coordinating supply : Discuss how a company can get sales and operations to work together with the common goal of coordinating supply and demand to maximize profitability.
Discussing the genetic or physiological evidence : Write a 1,400- to 2,100-word paper discussing the genetic or physiological evidence that supports the notion that biology played a key role in explaining the offender's criminality

Reviews

Write a Review

 

Accounting Basics Questions & Answers

  The lansing community college registrars office is

the lansing community college registrars office is considering replacing some canon copiers with faster copiers

  Using the high-low method calculate the stores total fixed

sporting goods is a locally owned store that specializes in printing team jerseys. the majority of its business comes

  Problem related to insurance company

John's car was completely destroyed by fire in 2010. Its cost and fair market value were $8,000. John's claim against insurance was $3,000 and was NOT made until 2011. The following year, 2011, John settled with the insurance company for $2,000. W..

  Displayed below is the income statement section of info

part 1list the following steps of the accounting cycle in their proper orderanalyzing business transactions.collecting

  Why should a governmental entity maintain such a cushion

How is the budgetary cushion calculated, and why should a governmental entity maintain such a cushion?

  Prepare a condensed 2012 income statement for woods

presented below are selected ledger accounts of woods corporation at december 31 2012.nbspcash185000sales

  Compute skipper total income tax expense

Skipper, Inc., earns pretax book net income of $500,000 in 2011. Skipper acquires a depreciable asset in 2011, and first-year tax depreciation exceeds book depreciation by $80,000.

  Prepare journal entries to record three security purchase

(a) Prepare the journal entries to record the above three security purchases. (b) Prepare the journal entry for the security sale on May 20. (c) Compute the unrealized gains or losses and prepare the adjusting entry for Arantxa on December 31, 2008.

  Assume that canes customers would buy a maximum of 80000

cane company manufactures two products called alpha and beta that sell for 120 and 80 respectively. each product uses

  Under what circumstances would it be appropriate to use

a under what circumstances would it be appropriate to use each of the activity cost drivers msda to determine the cost

  Prepare hingess journal entry

Hinges Corporation issued 500 shares of $100 par value preferred stock for $61,500. Prepare Hinges’s journal entry.

  Rover company sells go-carts at 500 each incurs variable

rover company sells go-carts at 500 each incurs variable cost per unit of 300 and has a total fixed expense of 50000.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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