Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Beginning inventory on March 1 consisted of 2,000 units each costing $11.20.
During March, the following was purchased for inventory:
Date
Purchase
March 5
2,800 units at a cost of $12.20 each
March 10
4,900 units at a cost of $11.70 each
March 14
2,700 units at a cost of $11.85 each
March 22
2,400 units at a cost of $11.95 each
March 28
4,700 units at a cost of $12.05 each
During March, the following was sold from inventory:
Sales
March 3
1,900 units at a price of $22.40 each
March 12
6,200 units at a price of $24.40 each
March 17
3,200 units at a price of $23.70 each
March 21
400 units at a price of $23.70 each
March 25
2,700 units at a price of $23.90 each
March 31
4,500 units at a price of $24.10 each
Instructions:
Compute the cost of goods sold and the ending inventory value as of March 31 under each of the following assumptions:
1. Periodic Inventory Method
a) FIFO
b) LIFO
c) Weighted Average
2. Perpetual Inventory Method
Limitations of CVP Analysis The make use of the basic CVP model is just only relevant to planning and decision-making in an activity range whether the basic cost and revenue b
Operation and Design of Cost Accounting Systems A number of features should be taken into account previously to finalizing the design of a cost and management accounting syste
Calculate the today's cash value of a car that can be leased with $5000 down, bi-weekly payments of $199 over 4 years and a buy-back value of $15,000 at the end of the lease if the
Cost sheet is a declaration of cost for a product for given period of time.
Determine the additional cash a company could obtain from its working capital accounts if it can improve its average collection period by three days and inventory turnover by 0.5 t
1. The following three one-year "discount" loans are available toyou: Loan A: $120,000 at a 7 percent discount rate Loan B: $110,000 at a 6 percent discount rate Loan
Consider as Illustration. Profit and loss account of TIL demonstrates, that, operations have given gross addition of Rs. 360 million to funds throughout the period. These funds sho
This question tested the accounting of monetary instruments, especially an asset held at reasonable value through loss or profit. The preparation of the journal for subsequent and
SOLUTION FOR COST BUDGET ON ANNUAL DAY
contract account formate
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd