accounting for inventory using the perpetual system-- FIFO,., Accounting Basics

UNITs UNIT COST UNIT SALE PRICE
AUG 3 SALE 45 $ 83
8 PURCHASE 75 $ 52
21 SALE 70 $ 85
30 PURCHASE 10 $ 55



Decorative steel began August with 55 units of iron inventory that cost $35 each. During August, the company completed the following inventory transactions:

How to prepare a perpetual inventory record for the inventory using LIFO, FIFO , Average cost.
Posted Date: 9/1/2012 1:27:01 PM | Location : United States







Related Discussions:- accounting for inventory using the perpetual system-- FIFO,., Assignment Help, Ask Question on accounting for inventory using the perpetual system-- FIFO,., Get Answer, Expert's Help, accounting for inventory using the perpetual system-- FIFO,. Discussions

Write discussion on accounting for inventory using the perpetual system-- FIFO,.
Your posts are moderated
Related Questions
Q. Describe about Cash role in balance sheet? Cash includes deposits in banks obtainable for current operations at the balance sheet date plus cash on hand consisting of un-dep

The information contained in published financial statements is of specific importance to external users, as shareholders and investors. Without any information they would not be ca

How does contribution margin work?

Adjustments for financial reporting - Explain the basic characteristics of the cash basis and the accrual basis of accounting. - Recognize the reasons why adjusting entries


A baker makes 500 cream-filled eclairs at a cost of $0.72 each. He estimates that 10% of the eclairs will be sold the following day at a reduced price of $0.80 each. Find the mar

how can i determine the total debt of a commercial bank? Which financial statement do i need to look?

Cash Book: It is one of the Subsidiary Book which is usually used by any business organisation to record all the cash transactions which helps to know the cash position as and when


Adjusting entries. You have been retained to examine the records of Kathy's Day Care Center as of December 31, 20X3, the close of the current reporting period. In the course o