User Account

All Pages

Calculate ending inventory

Assignment Help Accounting Basics
Reference no: EM132723747

Question - Company X has the following information:

Inventory at end-of-year prices of $1,300,000 (2018 - base year), $1,450,000 (2019), and $1,350,000 (2020).

The price index is 105 in 2019 and 107 in 2020.

Required - Use the dollar-value LIFO method to calculate ending inventory for 2019 and 2020.

Reference no: EM132723747

Questions Cloud

What was the cash balance at the end of the january : Explain what was the Cash balance at the end of the January 31 (after AJE)? Johanna Strauss had worked for more than 25 years as the executive assistant.
What is the importance of active listening : What are the skills and techniques that help educators deal with difficult parents? What is the importance of active listening?
Definition of greater good : Using teleological and deontological theories - Definition of Greater good? An important question arises out of either theoretic position
What could go wrong due to the internal control weakness : Explain what could go wrong due to this internal control weakness, indicating one assertion that would be violated. what type of control activity this is
Calculate ending inventory : Inventory at end-of-year prices of $1,300,000 (2018 - base year), $1,450,000 (2019), and $1,350,000 (2020). Calculate ending inventory
Demonstrate the predetermined overhead rate for the year : Granite Company, Assuming that 100 units were completed, determine the unit cost that would appear on the job cost sheet for Job #315.
Describe time management and stress management : How would you describe the relationship between time management and stress management? Are these two related?
Why change management is so important : Why change management is so important for every generation in the workforce?
How the property should be classified on july : Prepare the journal entry for the reclassification as at 31 July 2020. What was the carrying amount of this property at 31 August 2020?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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