invetory, Accounting Basics

beginning inventory,purchase,and sales data for commodity A are as follows
november 1 inventory 1500units @k20.00
2 sold 5000unit @ 40.00
12 purchase 10000 units @2250
22 sold 15000 units @40.00
30 purchase 10000 units @2500
determine the cost of ending inventory and cost of sold merchadise sold using
fifo
lifo
avarege cost method
Posted Date: 3/31/2013 6:52:13 PM | Location :







Related Discussions:- invetory, Assignment Help, Ask Question on invetory, Get Answer, Expert's Help, invetory Discussions

Write discussion on invetory
Your posts are moderated
Related Questions
Full form= Winter compensation from contributions.

Suppose a firm owns oil well assets. It is deciding how much oil to extract from its oil wells this year and next year. Production of oil costs $10 per barrel this year; next year,

The book of Deven Verma could not be tallied. The account transferred the difference of Rs. 1.270 in the suspense account on the debit side. the following mistakes were found later

how do i prepare a multilevel and single step income statement

Q. Explain business entity concept? Suppose for instance that you own two businesses 1) a physical fitness centre and 2) a horse stable. As per to the business entity concept y

Calculate, CPA, is compiling a cash flow statement for his client, Happy Hal Printing. Over the course of the year Happy Hal acquired new equipment by putting down half of the purc

On June 1st, Green Pea, Inc. purchased $1,200 worth of supplies on account. How does this transaction affect Green Pea's accounts? a. Increase supplies and accounts payable by $

Why it is important for independent auditor to be a member of a professional body?

Fixed Assets An additional categorization other than current or long-term is as well used for property. A "fixed asset" is an asset which is planned to be of a lasting nature a

Q. Effects of failing to prepare adjusting entries ? Failure to organize proper adjusting entries causes net income and the balance sheet to be in error. You are able to see the