Calculate the cost of ending inventory on december

Assignment Help Accounting Basics
Reference no: EM131928073

Question - A company purchased 100 units for $ 50 each on January 31. It purchased 150 units for $ 35 each on February 28. It sold a total of 200 units for $ 50 each from March 1 through December 31. If the company uses the weighted-average inventory costing method, calculate the cost of ending inventory on December 31.

8,200

2,050

10,250

2,125

Reference no: EM131928073

Questions Cloud

What is the amount of gross gift-adjusted taxable estate : What is the amount of his gross gift-adjusted taxable estate? Are estate taxes payable?
Record the journal entry when the bonds are issued : The market interest rate for this type of bond is 10%. Record the journal entry when the bonds are issued, and for the first two coupon payments.
What would be reported for ending merchandise inventory : Beginning Merchandise Inventory 100 units at $ 81, What would be reported for ending Merchandise Inventory on the balance sheet at December 31, 2018
What is meant by security financing-what is debt financing : The various sources of financing. What is meant by security financing? What is debt financing?
Calculate the cost of ending inventory on december : If the company uses the weighted-average inventory costing method, calculate the cost of ending inventory on December 31
Journalize the neccessary entries : Journalize the neccessary entries. The accounts have not been closed. Prepare a bank reconciliation. What amount should be reported as cash?
How much must you save annually : What if your opportunities in 8 years, which would you accept your opportunity cost is 15%? What if your opportunity cost is 5%?
Evaluate the viability of the four projects : Evaluate the viability of the four (4) projects given that the cash inflows and cash outflows of the projects are as shown below on the Net Present Value basis.
What is the cost of ending inventory on december : What is the cost of ending inventory on December 31 if the company uses the first-in, first-out (FIFO) inventory costing method

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.

  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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd