Calculate the cost of goods available for sale

Assignment Help Accounting Basics
Reference no: EM131749491

 July 1 Beginning Inventory   2,500   $ 35  
  July 5 Sold   1,500        
  July 13 Purchased   6,500     39  
  July 17 Sold   3,500        
  July 25 Purchased   8,500     41  
  July 27 Sold   5,500        

Calculate the cost of goods available for sale, ending inventory, and cost of goods sold if Aircard uses (a) FIFO, (b) LIFO, or (c) weighted average cost.

Reference no: EM131749491

Questions Cloud

Determine the net present value for each machine : Macaron Shoe Company is considering investing in one of two machines that attach heels to shoes. Determine the net present value for each machine
What role does ethics play in conscious capitalism : What role does ethics play in conscious capitalism and how do the ethics of conscious capitalism impact management tactics within an organization?
Discuss direct materials were transferred from department a : During March, all direct materials were transferred from Department A, the units in process at March 1 were completed
Describe the measurement methods : Measurements of part dimensions that were formerly made by hand are now made by a very accurate laser system.
Calculate the cost of goods available for sale : Calculate the cost of goods available for sale, ending inventory, and cost of goods sold if Aircard uses
Make a control chart for the measurements : Joe wants to plot these individual measurements on a control chart. When each "sample" is just one measurement, short-term variation is estimated by advanced.
Explain which method is easiest to code statistical analysis : Analyze and describe which method is easiest to code and perform a statistical analysis and why. Use your proposal topic in response to this question.
Record jack journal entry for the sale to jill : On 1/1/2000 jack purchased 100% of the outstanding stock of jill at book value. Using perpetual inventory record jack's journal entry for the sale to jill
Analyze the trends that you observed with each company : Analyze the trends that you observed with each company. To what could you attribute the increases or decreases in each company's trend?

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