Periodic inventory system, Finance Basics

Suppose the Alctz Display Flowers pte  Ltd uses the periodic inventory system and  average cost to explain inventory cost.

(a)  Determine the ending inventory cost as at December 2011

(b)  Determine the cost of goods sold for the month.

(c)  Determinethe gross profit from sales for the month

Posted Date: 3/21/2013 3:55:56 AM | Location : United States







Related Discussions:- Periodic inventory system, Assignment Help, Ask Question on Periodic inventory system, Get Answer, Expert's Help, Periodic inventory system Discussions

Write discussion on Periodic inventory system
Your posts are moderated
Related Questions
International Data Systems information on revenue and costs is only relevant up to a sales volume of 100,000 units. After 100,000 units, the market becomes saturated and the price

Secondary Markets - Financial Markets Economic Benefits or Role of Secondary Markets in the Economy are as: 1. It provides people a chance to buy shares therefore distribut

Public Limited Companies These are joint stock companies that have sold shares to specific public and thus have attracted public money in form of share capital.  Those compani

Lavista Ltd is a leading music entertainment company in the country and the stocks of the company are actively traded in the stock exchange. For the year just ended few days back

Future Ltd is a leading music entertainment company in the country and the stocks of the company are actively traded in the stock exchange. For the year just ended few days back,

In mergers, acquisitions, or other relationships between hospitals and physician groups, what are the benefits to each party from entering into an arrangement with the other? What

Please list five common mistakes in capital budgeting that could either overstate or understate the value of a project.Bonus: explain the relationship between the errors above and

I need a conclusion for my assignment for financial accounting vs management accounting

From the following selected operating date, determaine the DOL. Which company has the greater amount of business risk? Why? Particulars A Ltd

What is Holding Period Return/Return Holding period yield (HPY) measures the total return from an investment during a given time period in which asset is held by the investo